On January 1, 2021, Sandhill Co. has the following balances: Projected benefit obligation   $ 5200000 Fair value of plan assets     4600000 The settlement rate is 9%. Other data related to the pension plan for 2021 are: Service cost   $ 316000 Amortization of prior service costs     70000 Contributions     356000 Benefits paid     331000 Actual return on plan assets     348000 Amortization of net gain     23600 The balance of the projected benefit obligation at December 31, 2021 is: $5494000. $5653000. $5984000. $5668000.

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A:

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Q: Projected benefit obligation

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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.