Merrill Is a Participant in a SIMPLE § 401(k) Plan

question 77

Multiple Choice

Merrill is a participant in a SIMPLE § 401(k) plan, and he elects to contribute 4% of his $40,000 compensation to the account, and his employer contributes 3%.What amount, if any, will vest immediately?

• A)$0
• B)$1,200
• C)$1,600
• D)$2,800
• E)None of these

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