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Bramble Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets Projected
Bramble Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $498,200 594,100 95.900 97,000 Dr. As a result of the operation of the plan during 2020, the following additional data are provided by the actuary. Service cost $89.500 Settlement rate, 9% Actual return on plan assets 56,200 Amortization of prior service cost 18,700 Expected return on plan assets 53,100 Unexpected loss from change in projected benefit obligation due to change in actuarial predictions 76,500 Contributions 100,500 Benefits paid retirees 84,600
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