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The following information relates to the pension plan for the employees of Ivanhoe Co.: Accum. benefit obligation Projected benefit obligation Fair value of plan assets
The following information relates to the pension plan for the employees of Ivanhoe Co.: Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI net (gain) or loss Settlement rate (for year) Expected rate of return (for year) 1/1/20 $8240000 8765000 7925000 -0- 12/31/20 $ 8660000 9458000 9920000 (1532000) 10% 7% 12/31/21 $11600000 13007000 11054000 (1580000) 10% 6% Ivanhoe estimates that the average remaining service life is 16 years. Ivanhoe's contribution was $1223000 in 2021 and benefits paid were $887000. The amount of AOCI (net gain) amortized in 2021 is $17456. $36750. $14456. $33750
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