Please refer to the 2021 Corporate Pension Funding Study based on the financial disclosures by 100 U.S. public companies sponsoring the largest defined benefit (DB) pension plans as provided by the Milliman White Paper, and answer the following questions.

1. What was the average funded ratio at the end of 2020 as reported by the study? Calculate the ratio from the table.

2. What does it indicate about the overall health of these DB plans? Discuss. What was the average pension expense for the year 2020?

3. Did it increase or decrease from the previous year?

4. What was the aggregate cash contribution to the pension plans in 2020? What was the change from the year 2019? What was the OPEB funded ratio in 2020? How has it changed from 2019? Comment on the OPEB funding status.

Info here: https://us.milliman.com/en/insight/2021-corporate-pension-funding-study