Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2020................................$2,400,000
Fair value of pension plan assets, December 31, 2020...........................2,725,000
Contributions to the plan in 2020.................................................................280,000
Benefits paid retirees in 2020........................................................................350,000

Instructions

From the data above, compute the actual return on the plan assets for 2020.