LO.4 Shyam is a participant in a SIMPLE 401(k) plan. He elects to contribute 4% of

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LO.4 Shyam is a participant in a SIMPLE ยง 401(k) plan. He elects to contribute 4% of his $40,000 compensation to the account, while his employer contributes 3%. What amount will not vest immediately, if any?

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