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5) Your client works for a company that offers a 401(k) profit-sharing plan, which provides a profit-sharing contribution and match on their contributions. The plan

5) Your client works for a company that offers a 401(k) profit-sharing plan, which provides a profit-sharing contribution and match on their contributions. The plan uses a 2-to-6 year graduated vesting schedule. Your client has just completed five (5) years of service with the company and has participated in the qualified plan for three-and-a-half (3.5) years. If your client left the company today, what would their total combined vested balance be in their 401(k) profit-sharing plan based on the following? Contributions Earnings a. $152,000 b. $165,000 c. $178,000 d. $190,000 Employer (match & Profit-Sharing) $40,000 $20,000 Employee $85,000 $45,000
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5) Your client works for a company that offers a 401(k) profit-sharing plan, which provides a profit-sharing contribution and match on their contributions. The plan uses a 2-to-6 year graduated vesting schedule. Your client has just completed five (5) years of service with the company and has participated in the qualified plan for three-and-a-half (3.5) years. If your client left the company today, what would their total combined vested balance be in their 401(k) profit-sharing plan based on the following? a. $152,000 b. $165,000 c. $178,000 d. $190,000

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