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

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, while his employer contributes 3%. What amount will vest immediately, if any?

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