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The following information relates to the pension plan for the employees of Blossom Co.: 1/1/17 12/31/17 12/31/18 Accum. benefit obligation $ 10240000 $ 10660000 $

The following information relates to the pension plan for the employees of Blossom Co.:

1/1/17 12/31/17 12/31/18
Accum. benefit obligation $ 10240000 $ 10660000 $ 13600000
Projected benefit obligation 10765000 11458000 15007000
Fair value of plan assets 9925000 11920000 13054000
AOCI net (gain) or loss -0- (1612000 ) (1780000 )
Settlement rate (for year) 9% 9%
Expected rate of return (for year) 9% 6%

Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1423000 in 2018 and benefits paid were $1087000. The unexpected gain or loss on plan assets in 2018 is

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