20. Mike contributed to $80,000 of his own money to a defined contribution pension plan. In addition, his employer contributed $120,000 on Mike's behalf. His employer followed the "Graded 6-year" vesting rule. If Mike left employment today, after working two years for this employer, which of the following amounts is he allowed to roll over into another qualified plan?

a. $200,000

b. $104,000

c. $80,000

d. $0; Mike left too soon

21. The Pension Benefit Guaranty Corporation (PBGC) has the authority to terminate an employer's pension plan under which of the following circumstances?

a. Nominal and inconsistent profit-sharing payments

b. Investment returns favor the owner of the company

c. Expectation of unreasonable increase in loss to PBGC

d. No indication of enterprise risk management practices