Problem one: SSJ, Inc. received the following reports from the company's actuary and pension plan trustee (all dollars are in millions): Actuary Report-YR5 Projected Benefit Obligation Balance as of 1/1/YR5 Service Cost Interest Cost Actuarial Gain due to Unusal Turnover Prior Service Aware YR5---Percent / YR increaed (on 12/31/YR5) Pension benefits paid Balance 12/31/YR5 $ 1,000 200 40 (100) 200 (60) $ 1,280 Plan Trustee Report-YR5 Plan Assets as of 1/1/YR5 $ 700 Actual Return on Plan assets (Loss) (10) YR5 Funding 100 YR5 Benefits Paid (60) Plan Assets as of 12/31/YR5 $ 730 The general ledger accounts pertinent to the pension plan have the following balances as of the end of YR4 (beginning of YR5): General Ledger Account Balances 12/31/YR4 DR (CR) Plan Assets Projected Benefit Obligation AOCI-PSC AOCI-G/L 700 (1,000) 200 400 At the time prior service was awarded ten years ago the average remaining service life of the employee pool was 20 years. At the beginning of YR5 the average remaining service life for any gain or loss amortization is 10 years. The CFO has established an expected return on plan assets of 10%. The pension formula was modified as of 12/31/YR5 to provide additional retirement income to all employees retroactive for up to ten years of service. Required: 4. What is the end of YR5 balances in: a. Plan Asset. b. Projected Benefit Obligation. C. AOCI-PSC. d. AOCI-G/L Problem one: SSJ, Inc. received the following reports from the company's actuary and pension plan trustee (all dollars are in millions): Actuary Report-YR5 Projected Benefit Obligation Balance as of 1/1/YR5 Service Cost Interest Cost Actuarial Gain due to Unusal Turnover Prior Service Aware YR5---Percent / YR increaed (on 12/31/YR5) Pension benefits paid Balance 12/31/YR5 $ 1,000 200 40 (100) 200 (60) $ 1,280 Plan Trustee Report-YR5 Plan Assets as of 1/1/YR5 $ 700 Actual Return on Plan assets (Loss) (10) YR5 Funding 100 YR5 Benefits Paid (60) Plan Assets as of 12/31/YR5 $ 730 The general ledger accounts pertinent to the pension plan have the following balances as of the end of YR4 (beginning of YR5): General Ledger Account Balances 12/31/YR4 DR (CR) Plan Assets Projected Benefit Obligation AOCI-PSC AOCI-G/L 700 (1,000) 200 400 At the time prior service was awarded ten years ago the average remaining service life of the employee pool was 20 years. At the beginning of YR5 the average remaining service life for any gain or loss amortization is 10 years. The CFO has established an expected return on plan assets of 10%. The pension formula was modified as of 12/31/YR5 to provide additional retirement income to all employees retroactive for up to ten years of service. Required: 4. What is the end of YR5 balances in: a. Plan Asset. b. Projected Benefit Obligation. C. AOCI-PSC. d. AOCI-G/L