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Grouper Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets $470,900
Grouper Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets $470,900 Projected benefit obligation 609,900 Pension asset/liability 139,000 Accumulated OCI (PSC) 99,800 Dr. As a result of the operation of the plan during 2020, the following additional data are provided by the actuary. Service cost $93,800 Settlement rate, 10% Actual return on plan assets 54,500 Amortization of prior service cost 19,800 Expected return on plan assets 51,300 Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions 74,300 Contributions 99.100 Benefits paid retirees 85,600
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