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Defined Benefit Plan Problem - Datator Fox Co. 270 Expected return on assets: 5% Controls to me. S Settlement/Discount rate: 4% Service cost 50500 Actual
Defined Benefit Plan Problem - Datator Fox Co. 270 Expected return on assets: 5% Controls to me. S Settlement/Discount rate: 4% Service cost 50500 Actual return on assets: 10% Berveis paid to retween $7000 Beginning 2020 Year Info (December 31, 2019 balances Projected Benefit Obligation (PBO) Plan Assets Accumulated net other comprehensive gain (average service life is 30 years) 200000 Prior Service Cost (for 50 employees retiring below) 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use years of service method, not straight-line, te amortize What is the Plan's (not the Employer's) Asset account at tair value anunt. 12/31/20? O $620,000 $680.000 $640,000 Net O $650,000 O $780,000 MacBook Previous Defined Benefit Plan Problem - Datator Fox Co. 270 Expected return on assets: 5% Controls to me. S Settlement/Discount rate: 4% Service cost 50500 Actual return on assets: 10% Berveis paid to retween $7000 Beginning 2020 Year Info (December 31, 2019 balances Projected Benefit Obligation (PBO) Plan Assets Accumulated net other comprehensive gain (average service life is 30 years) 200000 Prior Service Cost (for 50 employees retiring below) 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use years of service method, not straight-line, te amortize What is the Plan's (not the Employer's) Asset account at tair value anunt. 12/31/20? O $620,000 $680.000 $640,000 Net O $650,000 O $780,000 MacBook Previous
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