Scenario A$\mathrm{.}3.$

Pradip just got hired as a consultant at a company with an extensive benefits package that includes healthcare and dental insurance, paid vacation and parental leave, flexible work arrangements, and access to a retirement account.

Refer to Scenario A$\mathrm{.}3.$ Pradip is especially excited about the retirement account. To encourage employees to save, his company will add a bonus payment to any company$-$sponsored retirement account based on the total that the employee contributes, up to $6\%$ of that employee's paycheck. Pradip plans to contribute $6\%$ of his earnings every month so that he can maximize the benefit.

$457$ plan

company matching

IRA

vesting period