Alicia earns $⁢45,000 annually and works at a company that matches 100% of her 401(k) contributions up to 4% of her salary. The company's vesting schedule is graded: 20% per year over 5 years. Alicia contributes 4% of her salary. After 3 years, how much of the employer contributions are vested?

Question

Revolt · Accepted Answer

3 dollars comma 240

Pretest

Alicia earns $⁢45,000 annually and works at a company that matches 100% of her 401(k) contributions up to 4% of her salary. The company's vesting schedule is graded: 20% per year over 5 years. Alicia contributes 4% of her salary. After 3 years, how much of the employer contributions are vested?

Explanation

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