The following information relates to the pension plan for the employees of Blossom Co.:
1/1/17 12/31/17 12/31/18
Accum. benefit obligation $10240000 $10660000 $13600000
Projected benefit obligation 10765000 11458000 15007000
Fair value of plan assets 9925000 11920000 13054000
AOCI – net (gain) or loss -0- (1612000 ) (1780000 )
Settlement rate (for year) 9% 9%
Expected rate of return (for year) 9% 6%
Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1423000 in 2018 and benefits paid were $1087000.