Herring Wholesale Company has a defined benefit pension plan. On January 1, 2016, the following pension related data were available (S in 000s) $ 320 Net gain-AOCI Accumulated benefit obligation Projected benefit obligation Fair value of plan assets Average remaining service period of active 2,600 (expected to remain constant for the next several years) 12 years The rate of return on plan assets during 2016 was 996, although it was expected to be 10%. The actuary revised assumptions regarding the PBO at the end of the year, resulting in a $37,000 decrease in the estimate of that obligation