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Stephen began working at Freedom LED, LLC on 2 Jan of 2016. He became eligible for the 401k plan and the company match immediately. The

Stephen began working at Freedom LED, LLC on 2 Jan of 2016. He became eligible for the 401k plan and the company match immediately. The company has a generous match of dollar for dollar up to 6% of salary. The vesting schedule is a 6 year graded match with the following schedule:

Years of service Vesting

1 0%

2 20%

3 40%

4 60%

5 80%

6 100%

Stephen began making salary contributions in June of 2017 at the rate of $500 per month. Stephen resigned effective 31 Dec 2019. His account balance is $22550 consisting of $11,275 of Stephen's deferrals and $11,275 of company match. What will Stephen's total vested account balance be?

$11,275

$15,785

$18,040

$22,550

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