Blue Company sponsors a defined benefit pension plan for its 600 employees. The company's actuary provided the following information about the plan. Projected benefit obligation Accumulated benefit obligation Plan assets (fair value and market-related asset value) Accumulated net (gain) or loss (for purposes of the corridor calculation) Discount rate (current settlement rate) Actual and expected asset return rate: Contributions January 1, December 31, 2020 2020 2021 $2,820,000 $3.674,800 $4,220,784 1,900,000 2,416,000 2,877,000 1,710,000 2.914,000 3,804,000 0 199.000 (24,000) 9 % 8 % 10 % 10 % 1,033,000 598,600 The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $402,000 in 2020 and $475,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,344,000. No benefits have been paid.