On January 1, 2021, Oriole Co. has the following balances: Projected benefit obligation     $3650000 Fair value of plan assets     3150000 The settlement rate is 9%. Other data related to the pension plan for 2021 are: Service cost     $315000 Amortization of prior service costs due to increase in benefits     106000 Contributions     515000 Benefits paid     240000 Actual return on plan assets     410000 Amortization of net gain     33000 The fair value of plan assets at December 31, 2021 is     $3593000.   $4060000.   $3650000.   $3835000.

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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.