How much did the firm pay into their plan

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Reference no: EM133170058

Question - Harley-Davidson, Inc. reported the following pension footnote (in thousands):

 

2017

Change in benefit obligation:


Benefit obligation, beginning of period

1,986,435

Service cost

31,584

Interest cost

85,076

Actuarial losses (gains)

195,444

Plan participant contributions

-

Plan amendments

(13,227)

Benefits paid

(84,291)

Benefit obligation, end of period

2,201,021

Change in plan assets:


Fair value of plan assets, beginning of period

1,899,889

Actual return on plan assets

322,287

Company contributions

25,000

Plan participant contributions

-

Benefits paid

(84,291)

Fair value of plan assets, end of period

2,162,885

Required -

a. Does this pension lead to a net asset or a liability on the 2017 Balance Sheet and in what amount?

b. How much did the firm pay into their plan in 2017?

c. How much did the plan pay to retirees in 2017?

d. Suppose the only actuarial assumption that changed is the discount rate. Did it go up or down?

Reference no: EM133170058

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