Rogers Sugar Inc. is headquartered in Vancouver, but has operations in Alberta, Ontario, Quebec, and New Brunswick. The company is the largest producer of refined sugar in Canada and also packages and markets sugar products. Note 19 to the company’s 2016 financial statements, dealing with employee benefits, is presented in Exhibit 10.13 (amounts in thousands of dollars).

EXHIBIT 10.13 Excerpt from Rogers Sugar Inc.’s 2016 Annual Report

19. Employee Benefits
The Company sponsors defined benefit pension plans for its employees (“Pension benefit plans”), as well as health care benefits, medical plans and life insurance coverage (“Other benefit plans”).
The following table presents a reconciliation of the pension obligations, the plan assets and the funded status of the benefit plans:

Required

a. What types of pension plans does Rogers Sugar have?

b. What was the total plan obligation for Rogers Sugar’s defined benefit plans as at October 1, 2016?

c. What was the fair value of the defined benefit plan assets for Rogers Sugar as at October 1, 2016?

d. Were Rogers Sugar’s defined benefit plans underfunded, overfunded, or fully funded? If they were underfunded or overfunded, by what amount?

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October 1, October 3, 2016 2015 Fair value of plan assets: Pension benefit plans 97,033 126,707 Other benefit plans 97,033 126,707 Defined benefit obligation: Pension benefit plans 126,972 150,837 Other benefit plans 22,994 21,005 149,996 171,842 Funded staus: Pension benefit plans (29,939) (24,130) Other benefit plans (22,994) (21,005) (52,933) (45,135) Experience adjustment arising on plan liabilities (785) 525 Experience adjustment arising on plan assets 5,348 (335)