Plan assets, January 1, 2017 Projected benefit obligation, January 1, 2017 Settlement rate $490,000 490,000 8% Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees 40,000 25,000 49,700 33,400

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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.