Defined-benefit pension plan

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Reference no: EM131211587

Kasper, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.

Service cost $210,000

Contributions to the plan $190,000

Actual return on plan assets $165,000

Projected benefit obligation (beginning of year) $2,600,000

Fair value of plan assets (beginning of year) $1,800,000

The expected return on plan assets and the settlement rate were both 8%. The amount of pension expense reported for 2013 is

$210,000.00.

$253,000.00.

$274,000.00.

$418,000.00.

Reference no: EM131211587

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