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If Ashley left Woodridge Preparatory School today after 5 years of service, what would be her vested retirement balance? Hint: Vesting is based on years

If Ashley left Woodridge Preparatory School today after 5 years of service, what would be her vested retirement balance? Hint: Vesting is based on years of service, NOT years of participation. The plan has a 2- to 6 year graduated vesting schedule and she has been a participant for 4 year, the total balance of her account is $16,500.

Years of service Vesting for Nonmatch Contributions Vesting for matching Contributions/Top-Heavy Plans
1 0% 0%
2 20 20
3 40 40
4 60 60
5 80 80
6 100 100

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