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($ in thousands) 2024 Beginning Balances 2024 Ending Balances PBO 2,400 2,601 Plan Assets 2,500 2,701 Funded Status 100 100 Prior Service Cost - AOCI
($ in thousands) | ||
2024 Beginning Balances | 2024 Ending Balances | |
PBO | 2,400 | 2,601 |
Plan Assets | 2,500 | 2,701 |
Funded Status | 100 | 100 |
Prior Service Cost - AOCI | 336 | 308 |
Net Gain - AOCI | 335 | 304 |
The funded status of Company X defined benefit pension plan and the balances in prior service cost and the net gainpensions, are given above.
Retirees were paid $269,000, and the employer contribution to the pension fund was $246,000 at the end of 2024. The expected rate of return on plan assets was 10%, and the actuarys discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO.
- What is the actual return on plan assets of 2024?
- what is the gain or loss on plan assets of 2024?
- What is the service cost of 2024?
- What is the pension expense of 2024?
- What is the average remaining service life of active employees for 2024?
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