The following information relates to the pension plan for the employees of Cullumber Company: 1/1/25 12/31/25...

 

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The following information relates to the pension plan for the employees of Cullumber Company: 1/1/25 12/31/25 12/31/26 Accum. benefit obligation $10440000 $10860000 $13800000 Projected benefit obligation 10965000 11658000 15207000 Fair value of plan assets 10125000 12120000 13254000 AOCI net (gain) or loss 0 (1632000) (1800000) Settlement rate (for year) 10% 10% Expected rate of return (for year) 7% 6% Cullumber estimates that the average remaining service life is 16 years. Cullumber's contribution was $1445000 in 2026 and benefits paid were $1107000. The actual return on plan assets in 2026 is The following information relates to the pension plan for the employees of Cullumber Company: 1/1/25 12/31/25 12/31/26 Accum. benefit obligation $10440000 $10860000 $13800000 Projected benefit obligation 10965000 11658000 15207000 Fair value of plan assets 10125000 12120000 13254000 AOCI net (gain) or loss 0 (1632000) (1800000) Settlement rate (for year) 10% 10% Expected rate of return (for year) 7% 6% Cullumber estimates that the average remaining service life is 16 years. Cullumber's contribution was $1445000 in 2026 and benefits paid were $1107000. The actual return on plan assets in 2026 is