Hudson Company's actuary has provided the following information concerning the company's defined benefit pension plan at the end of 2013:

Fair value of plan assets (1/1/2013)	$350,000
Actual projected benefit obligation (1/1/2013)	360,000
Expected projected benefit obligation (1/1/2013)	424,000
Average remaining service life of employees	10 years

The difference between the actual and expected projected benefit obligation first occurred in 2012.