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Coach Faucheuxs 401(k)/profit sharing plan (PSP) has standard graded vesting. Consider the following: (Ch. 5) $200,000 Total balance for his account $60,000 PSP contributions $40,000

Coach Faucheuxs 401(k)/profit sharing plan (PSP) has standard graded vesting. Consider the following: (Ch. 5)

$200,000 Total balance for his account

$60,000 PSP contributions

$40,000 Earnings on PSP contributions

$39,000 Deferrals

$21,000 Earnings on deferrals

$40,000 Match and earnings on the match

Years of Service

All Employer Contributions

2 to 6 Year Graduated

1

0

2

20%

3

40%

4

60%

5

80%

6

100%

If Faucheux leaves four weeks before his four-year anniversary, how much is vested?

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