The following data relate to Ramesh Company's defined benefit pension plan: Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense Required: ($ in millions) $ 620 62 50 104 10 13 76 Determine the amount of pension plan assets at fair value on December 31. Note: Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign. Pension Plan Assets Beginning of the year End of the year $ 0

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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.