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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2024 Beginning balances 2025 Beginning balances Projected benefit obligation $ (6,200)
The following information pertains to Havana Corporation's defined benefit pension plan:
($ in thousands) | 2024 Beginning balances | 2025 Beginning balances |
---|---|---|
Projected benefit obligation | $ (6,200) | $ (6,704) |
Plan assets | 5,960 | 6,536 |
Prior service costAOCI | 620 | 560 |
Net lossAOCI | $ 740 | $ 806 |
At the end of 2024, Havana contributed $665 thousand to the pension fund and benefit payments of $614 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 7%. There were no changes in actuarial estimates and assumptions regarding the PBO.
What is the 2024 pension expense for Havanas plan?
Multiple Choice
$615 thousand
$587 thousand
$658 thousand
None of these answer choices are correct.
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