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ANSWER ALL PARTS!!!! 2. Joe has been working for Company A for a total of four years. Company A offers Joe a 401(k) plan. At
ANSWER ALL PARTS!!!! 2. Joe has been working for Company A for a total of four years. Company A offers Joe a 401(k) plan. At the end of the fourth year of working at Company A, Joe leaves and begins working for another employer - Company B. Company B also offers a 401(k) plan. When Joe leaves Company A, his 401(k)-account balance is $ 108,000, of which: Company A's contribution = $60,000 . Joe's contribution = $40,000 Interest earnings = $8,000. a. Upon leaving Company A, how much of the 401(k)-account balance can Joe take with him at a minimum? (3 points) b. If Company A uses a three-year cliff vesting schedule, how much of the 401(k)-account balance can Joe take with him in total? (2 points) C. If Company A uses a graded 2-6 vesting rule, how much of the 401(k)-account balance can Joe take with him in total? (3 points)
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