Leroy decides to contribute 12% of his monthly salary of $5,000 to his 401(k) plan. His company matches the first 5% of his contribution dollar for dollar ( 100% match). The company matches the next 5% of his salary 50 cents on the dollar ( 50% match). How much is the total contribution to his 401(k) plan each month (employee contribution plus employer match)? $600.00 $250.00 $975.00