At January 1, 2014, Hennein Company had plan assets of $287,000 and a projected benefit obligation of the same amount.

At January 1, 2014, Hennein Company had plan assets of $287,000 and a projected benefit obligation of the same amount. During 2014, service cost was $31,640, the settlement rate was 10%, actual and expected return on plan assets were $27,890, contributions were $23,760, and benefits paid were $20,820.

pension worksheet for Hennein Company for 2014