Disclosures for a defined benefit pension plan should include which of the following? I. number of beneficiaries
II. reconciliation of the ending value of the projected benefit obligation
III. reconciliation of the ending fair value of the plan assets
IV. the composition of plan assets
V. the discount rate used
VI. expected long-term rate of return on plan assets

Question

Quizplus · Accepted Answer

II, III, V, VI are correct because they are essential elements for understanding a defined benefit pension plan's obligations, assets, and assumptions. The reconciliation of the projected benefit obligation and plan assets provides insight into the plan's status and changes over time. The discount rate and expected rate of return are critical assumptions that affect the plan's financial health.

Disclosures for a Defined Benefit Pension Plan Should Include Which