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Blue Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan. Plan assets (market-related
Blue Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan.
Plan assets (market-related value) | $269,500 | ||
Projected benefit obligation | 341,900 | ||
Pension asset/liability | 72,400 | Cr. | |
Prior service cost | 90,400 | ||
OCILoss | 38,500 |
As a result of the operation of the plan during 2021, the actuary provided the following additional data for 2021.
Service cost | $45,000 | ||
Actual return on plan assets | 27,500 | ||
Amortization of prior service cost | 11,700 | ||
Contributions | 64,700 | ||
Benefits paid retirees | 40,600 | ||
Settlement rate | 7 | % | |
Expected return on plan assets | 8 | % | |
Average remaining service life of active employees | 10 years |
Indicate the pension amounts reported in the financial statements.
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