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Jacques works for Miramar Services, Inc., and earns $120,000 per year. Miramar Services sponsors a 401k plan with a 50% match of employee deferrals up
Jacques works for Miramar Services, Inc., and earns $120,000 per year. Miramar Services sponsors a 401k plan with a 50% match of employee deferrals up to a maximum of 6%, and a 2 to 6 graded vesting schedule. Jacques defers $10,000 in each of the last three years and has received matching contributions over that same time. Assume that there has been no investment growth on the deferred/contributed assets in this time. If he leaves today after completing three years with Miramar Services, what is the answer to the following: (1) total plan account balance for Jacques' (2) percentage of Jacques' deferral that is vested to Jacques (3) dollar value of Jacques' deferral that is vested to Jacques (4) percentage of employer contribution that is vested to Jacques (5) dollar value of employer contribution that is vested to Jacques (6) total dollar value of Jacques' vested balance Jacques works for Miramar Services, Inc., and earns $120,000 per year. Miramar Services sponsors a 401k plan with a 50% match of employee deferrals up to a maximum of 6%, and a 2 to 6 graded vesting schedule. Jacques defers $10,000 in each of the last three years and has received matching contributions over that same time. Assume that there has been no investment growth on the deferred/contributed assets in this time. If he leaves today after completing three years with Miramar Services, what is the answer to the following: (1) total plan account balance for Jacques' (2) percentage of Jacques' deferral that is vested to Jacques (3) dollar value of Jacques' deferral that is vested to Jacques (4) percentage of employer contribution that is vested to Jacques (5) dollar value of employer contribution that is vested to Jacques (6) total dollar value of Jacques' vested balance
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