Question

Erickson Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan Vested benefit obligation Accumulated benefit obliga Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2014 Contributions (funding in 2014) Benefits paid in 2014 January 1, 2014 $3,060 2,230 2,030 1,190 December 31, 2014 $2,230 4,570 3,260 2,610 10% tion 840 420 860 290