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Discuss the actual and expected projected benefit obligation

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Reference no: EM131813593

Hudson Company's actuary has provided the following information concerning the company's defined benefit pension plan at the end of 2013:

Fair value of plan assets (1/1/2013) $350,000
Actual projected benefit obligation (1/1/2013) 360,000
Expected projected benefit obligation (1/1/2013) 424,000
Average remaining service life of employees 10 years

The difference between the actual and expected projected benefit obligation first occurred in 2012.

Reference no: EM131813593

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