SFAS

[§#$%!]

Took over a frozen plan and the plan has $1.231M in prepaid and loss of $1.491M.

EOY PBO is $1.243M and assets are $0.983M.

Shoud we continue carrying those liabilities forward? The accountant didn't like the suggestion to have it expensed.

[SoCalActuary]

With a frozen plan, what is a reasonable period for amortization?

1 year? 5 years? 7 years?

Discuss that with the accountant. Some portion of this issue is a misallocation between operating expense and AOCI, and that is an issue between the accountant, plan sponsor, and creditors.

[Andy the Actuary]

Took over a frozen plan and the plan has $1.231M in prepaid and loss of $1.491M.

EOY PBO is $1.243M and assets are $0.983M.

Shoud we continue carrying those liabilities forward? The accountant didn't like the suggestion to have it expensed.

What you mean "we" Kimmosabe? FASB is governed by plan sponsor with blessings of auditor and you are no more than a dutiful Boy Scount. If they say "no," then you may wish to comment that doing so is not in accord with FASB as you understand it. However, you will not find the word "actuary" in FASB87.