On January 1, 2021, Cullumber Co. has the following balances: Projected benefit obligation Fair value of plan assets $3550000 Service cost 3050000 The settlement rate is 11%. Other data related to the pension plan for 2021 are: $301000

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.