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reports that the employer owes $231,796 in contributions to the
plan which are more than 3 months overdue.
The Schedule B4 of Form 5500 for the Defined Benefit Plan
for the plan year ended October 31, 1989, reports the current
value of the assets accumulated in the Defined Benefit Plan as of
the beginning of the plan year as $368,279, which includes a
prior year funding deficiency of $188,983.5 In addition, the
Schedule B reports the total present value of vested benefits as
of the end of the plan year for participants as $335,384.
Furthermore, the amount of contribution certified by the actuary
as necessary to reduce the funding deficiency to zero is
$231,796.6
4The Schedule B contains Actuarial Information for the
Employee Benefit Plan and is attached to the Form 5500.
5$368,279 - $188,983 = $179,296.
6Funding standard account statement for plan year ending
Oct. 31, 1989:
Charges to funding standard account:
Prior year funding deficiency $188,983
Employer's normal cost for plan
year as of 11/1/88 25,643
Interest 17,170
Total charges 231,796
Credits to funding standard account: -0-
Funding deficiency 231,796
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Last modified: May 25, 2011