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Contribution Profit-Sharing Plan Assignment | Homework For You

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February 20th, 2020

Sally, age 26, who has worked for a XYZ company in the past 4 years. XYZ has a defined contribution profit-sharing plan using the least generous graduated vesting. Sally’s account balance reflects the following:Homework For You

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Total Contributions Plus Earnings

Employee Deferral          Employer Contribution

$3,000                                $2,400

Reviewing the account, and assuming that Sally terminated employment now when the account balance was as above, how much could she take with her?

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