6:43 4 Expert Q&A Done Tom Crady cans S100,000 per year as a rketing eecutve at rmot Marketing, Inc. He has a 401-profit sharing plan with the company and he wants you to caleulate his vested balance. He has provided you wih the folliowing information Mr. Graty's plan is cn2 t 6 gaduted vesting schedule . Hle has completed 4 years ef service. He has ened ectly S100.000 ench yer with ao adjustments for inflation Mr. Grady has elected the following defeals over the following oer the past 4 years: ) S15,000 2) S16.000 3) S17,000 4)812.000 n of The copany matched 50 cents on every dollar esch yenr up to a i of his salary per year The company provided 52.000 peefit staring contributions each yea over the last 4 years to Mr. Grady's secount . Mr. Grady's account eaned the foliowing investme the last a yeas for each of the following etums in dollars) over Mr. Grady's Eective defeals S12000 Company matcling and profit-ing coibution SA00 20 / PSP loan amet at Mtr. Grady can 3. What is the maximam 401 takr? 3. What is the maximam 100 lean that Mr. Grady can take based on your calcalations? Tom Grady earns $100,000 per year as a marketing executive at Patrior Marketing, Inc. He has a 401(k)-profit sharing plan with the company and he wants you to calculate his vested balance. He has provided you with the following information: Mr. Grady's plan is on a 2 to 6 graduated vesting schedule He has completed 4 years of service. He has earned exactly $100,000 each year with no adjustments for inflation. Mr. Grady has elected the following deferrals over the following over the past 4 years: 1) $15,000 2) $16,000 3) $17,000 4) $12,000 The company matched 50 cents on every dollar each year up to a maximum of 6% of his salary per year. The company provided $2,000 profit sharing contributions each year over the last 4 years to Mr. Grady's account. Mr. Grady's account earned the following investment returns (in dollars) over the last 4 years for each of the following: Mr. Grady's Elective deferrals $12,000 Company matching and profit-sharing contributions $3,500 DFocus 3. What is the maximum 401(k) / PSP loan amount that Mr. Grady can take? 3. What is the maximum 401(k) loan that Mr. Grady can take based on your calculations? 6:43 4 Expert Q&A Done Tom Crady cans S100,000 per year as a rketing eecutve at rmot Marketing, Inc. He has a 401-profit sharing plan with the company and he wants you to caleulate his vested balance. He has provided you wih the folliowing information Mr. Graty's plan is cn2 t 6 gaduted vesting schedule . Hle has completed 4 years ef service. He has ened ectly S100.000 ench yer with ao adjustments for inflation Mr. Grady has elected the following defeals over the following oer the past 4 years: ) S15,000 2) S16.000 3) S17,000 4)812.000 n of The copany matched 50 cents on every dollar esch yenr up to a i of his salary per year The company provided 52.000 peefit staring contributions each yea over the last 4 years to Mr. Grady's secount . Mr. Grady's account eaned the foliowing investme the last a yeas for each of the following etums in dollars) over Mr. Grady's Eective defeals S12000 Company matcling and profit-ing coibution SA00 20 / PSP loan amet at Mtr. Grady can 3. What is the maximam 401 takr? 3. What is the maximam 100 lean that Mr. Grady can take based on your calcalations? Tom Grady earns $100,000 per year as a marketing executive at Patrior Marketing, Inc. He has a 401(k)-profit sharing plan with the company and he wants you to calculate his vested balance. He has provided you with the following information: Mr. Grady's plan is on a 2 to 6 graduated vesting schedule He has completed 4 years of service. He has earned exactly $100,000 each year with no adjustments for inflation. Mr. Grady has elected the following deferrals over the following over the past 4 years: 1) $15,000 2) $16,000 3) $17,000 4) $12,000 The company matched 50 cents on every dollar each year up to a maximum of 6% of his salary per year. The company provided $2,000 profit sharing contributions each year over the last 4 years to Mr. Grady's account. Mr. Grady's account earned the following investment returns (in dollars) over the last 4 years for each of the following: Mr. Grady's Elective deferrals $12,000 Company matching and profit-sharing contributions $3,500 DFocus 3. What is the maximum 401(k) / PSP loan amount that Mr. Grady can take? 3. What is the maximum 401(k) loan that Mr. Grady can take based on your calculations
