Question: Timothy's company has a retirement plan with a 100% match on employee contributions up to 5% of income, with a 3-year cliff vesting provision. Timothy

Timothy's company has a retirement plan with a 100% match on employee contributions up to 5% of income, with a 3-year cliff vesting provision. Timothy earns $100,000 annual salary and contributes 5% of his income for two years to get the maximum match. Then he quits to take a job at another company. He wants to move the money from his prior company retirement plan to the new company retirement plan. How much money from the first account is Timothy able to rollover to his new company retirement plan

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