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1:28
MSN
Money Talks News
The Defined Benefit Plan: a Powerful Retirement Savings Tool for High Earners
Learn about the advantages and considerations of defined benefit plans for high-earning professionals and business owners.
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Duster Corporation is a private company with a defined benefit pension plan. The following information is available for Duster Corporation for 2017: Opening balance, DBO 210,000 Opening balance, plan assets 200,000 Service cost 58,000 Employer contributions paid evenly through 2017 77,000 Applicable interest or discount rate 10 % Actual return on plan assets 25,000 Actuarial loss due to change in actuarial assumptions 14,000 Assuming
numerade.com
Aug 31, 2023
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