George has been employed by SEC Corp. for the last 3 years. George participates in SEC's 401(k) plan. During his employment, George has contributed $8,000 to the 401(k) account. SEC has contributed $4,000 to George's 401(k) account (it matched 50 cents for every dollar contributed). George is considering quitting his job with SEC, calculate his vested benefit in the 401(k) account , assume the account balance is $15,000?

1. SEC uses a three-year cliff vesting schedule .

b2. SEC uses a 6- year graded vesting schedule .

575.000 $200.000 Rad 10 pts Question 21 George has been employed by SEC Corp. for the last 3 years Georpo participates in SEC 40100 p During his employment, George has contributed $8,000 to the 401 account SEC contbuted $4.000 to George's 4011 account matched 50 cents for every do contributed George is considering quitting his job with SEC. calculate this vested benefit in the 40100ccount, assume the account balance h $15.000 1. Enes a three-year diff vesting schedule 2. SEC uses a 6-year traded ting schedule > Et Viewe Format Tools 135 PBA 21 nd Call LG MacBook Pro * 4 5 6 7 B 9 20 T Y U 1 O 2 F G H J K C V B N M 575.000 $200.000 Rad 10 pts Question 21 George has been employed by SEC Corp. for the last 3 years Georpo participates in SEC 40100 p During his employment, George has contributed $8,000 to the 401 account SEC contbuted $4.000 to George's 4011 account matched 50 cents for every do contributed George is considering quitting his job with SEC. calculate this vested benefit in the 40100ccount, assume the account balance h $15.000 1. Enes a three-year diff vesting schedule 2. SEC uses a 6-year traded ting schedule > Et Viewe Format Tools 135 PBA 21 nd Call LG MacBook Pro * 4 5 6 7 B 9 20 T Y U 1 O 2 F G H J K C V B N M