Tony Soprano, age 45, has just resigned from his current job as a garbage truck driver at All Waste Management, LLC (dba AWM). He worked for AWM, which sponsors a cash balance plan and a standard 401(k) plan. Each of the plans uses the longest permitted vesting schedule, and both plans are top-heavy. Tony has a balance of $50,000 in the cash balance plan, has deferred $30,000 into the 401(k) plan, and has employer-matching contributions of $15,000. If he has been employed for five years but only participated in the plans for the last four years, how much does he keep if he leaves today?

Answer rating: 100% (QA)

To calculate how much Tony Soprano keeps if he leaves today we need to consider his balances in the ... View the full answer