Question: Pension data for Barry Financial Services Incorporated include the following: ( $ in thousands ) Discount rate, 7 % Expected return on plan assets, 1

Pension data for Barry Financial Services Incorporated include the following:
($ in thousands)
Discount rate, 7%
Expected return on plan assets, 10%
Actual return on plan assets, 9%
Service cost, 2024 $ 310
January 1,2024:
Projected benefit obligation 2,300
Accumulated benefit obligation 2,000
Plan assets (fair value)2,400
Prior service costAOCI (2024 amortization, $25)325
Net gainAOCI (2024 amortization, $6)330
There were no changes in actuarial assumptions.
December 31,2024:
Cash contributions to pension fund, December 31,2024245
Benefit payments to retirees, December 31,2024270

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