If the Peytons had earned an average return equal to that of the XYZ Balanced Fund (13.6%) on the ABC Company profit-sharing plan contributions to the Peytons' plan accounts, how much better off would Archie's account be as of 2022 (answer in $ amount)?

Both Elaine and Archie plan to retire when Elaine turns 65. They expect their retirement portfolio to earn a 10% pretax average annual rate of return. They also expect their retirement period to last 30 years. Social Security retirement benefits for Archie are expected to be $26,000 annually at age 67, while Elaine's Social Security benefit will be $9,600 annually at age 67. Archie has not contributed to the traditional IRA in several several years. ABC Company sponsors a profit-sharing plan with a Section 401(k) feature. The Section 401(k) component of the plan allows participants to defer up to 25% of salary. The plan also matches $0.50 for every dollar contributed, up to 6% of salary. Neither Archie nor Elaine has ever made deferrals to the plan, but both have vested balances in the plan, as follows. Vested Balance as of January 1, 2022 $80,000 $12,000 The plan allows participants to self-direct their retirement plan assets through the choice of various mutual funds. Archie Elaine