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
Correct Answer:
Verified
Correct Answer:
Verified
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