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4) Mary's company has decided on a 2-to-6 year graduated schedule for it's 401(k). Mary has contributed $4200 each year during each of the four

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4) Mary's company has decided on a 2-to-6 year graduated schedule for it's 401(k). Mary has contributed $4200 each year during each of the four years she was employed, which the company matched at 50%. In addition, the company has made profit-sharing contributions totaling $27,500 for Mary's benefit while she has been employed. Along with the contributions, Mary's 401(k) has the following earnings: $12,700 on Mary's contributions; $6,350 on the employer match; $14,750 on the profitsharing contributions. Two months after she achieves 4 years of service, Mary leaves to take a position at a new company. How much of her retirement balance is vested? Show your work. (15 points) BONUS: If Mary's company utilizes a 3-year cliff vesting schedule instead of a 2-to-6 year graduated, how much of her retirement (in dollars) would be vested. ( 5 points) 4) Mary's company has decided on a 2-to-6 year graduated schedule for it's 401(k). Mary has contributed $4200 each year during each of the four years she was employed, which the company matched at 50%. In addition, the company has made profit-sharing contributions totaling $27,500 for Mary's benefit while she has been employed. Along with the contributions, Mary's 401(k) has the following earnings: $12,700 on Mary's contributions; $6,350 on the employer match; $14,750 on the profitsharing contributions. Two months after she achieves 4 years of service, Mary leaves to take a position at a new company. How much of her retirement balance is vested? Show your work. (15 points) BONUS: If Mary's company utilizes a 3-year cliff vesting schedule instead of a 2-to-6 year graduated, how much of her retirement (in dollars) would be vested. ( 5 points)

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