5 Brilliant Defined Benefit Plan Tax Deduction Strategies [ Limit]

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