List and define each of the five pension expense components (in your own words) and discuss how each component is calculated. (0.4 points per pension expense component)
Explain of the impact of contributions to the pension plan and distributions to retirees on the PBO, Pension Asset balance, and pension expense. (1 point)
Based on a sample of nonprofit organizations with defined benefit plans, Calabrese and Searing (2018) find the following:
Nonprofit organizations increase pension contributions to decrease excessive/unexpected profits and decrease pension contributions to enhance profitability in years they fail to meet profit expectations.
Evaluate the finding and explain why the finding is or is not reasonable.