Employer Retirement Plans — Quiz Answers

An employee has a salary of $⁢60,000 and contributes 7% of their salary to a 401(k) retirement plan. The employer matches 50% of the employee's contribution, up to 6% of their salary. How much will the employer contribute annually?

Arielle earns $⁢75,000 annually. Her company offers a 401(k) plan with a 75% match on her contributions up to 6% of her salary. The vesting schedule is cliff vesting over 4 years. If Arielle contributes 6% of her salary, how much will the employer contribute annually, and how much will be vested after 2 years?

Leora is a new graduate who just started her first full-time job at a private company. Her employer offers a 401(k) plan with a long vesting schedule but a generous employer match of 100% up to 6% of her salary. Given that Leora has limited savings, what would be the best course of action for her to maximize her retirement savings?

Alicia earns $⁢45,000 annually and works at a company that matches 100% of her 401(k) contributions up to 4% of her salary. The company's vesting schedule is graded: 20% per year over 5 years. Alicia contributes 4% of her salary. After 3 years, how much of the employer contributions are vested?

An employee earns $⁢90,000 annually and contributes 8% of their salary to a 401(k) plan. The employer matches 50% of contributions up to 5% of the employee's salary. How much will the employer contribute to the employee's plan?

Mykaela has an annual salary of $⁢55,000 from a company that offers a 401(k) plan. The employer matches 50% of her contribution up to 6% of her salary. If Mykaela contributes 6% of her salary, how much will the employer contribute?

An employee earns $⁢75,000 per year and contributes 5% of their salary to a 401(k) retirement plan. The employer matches 75% of the employee's contribution up to 5% of the employee's salary. How much will the employer contribute annually?

Miley has a salary of $⁢48,000 , and her company offers a 401(k) with a 50% match up to 4% of her salary. The company uses a 2 -year cliff vesting schedule. Miley contributes 4% of her salary. How much will be vested after 1 year?

Sunny works for a company that offers a 401(k) with a 50% match on employee contributions up to 5% of their salary. Sunny has a salary of $⁢65,000 The company has a 3 -year cliff vesting schedule. If Sunny contributes 5% of their salary, how much will the employer contribute annually, and how much will be vested after 2 years?

Ronaldo has an annual salary of $⁢60,000 from a company that offers a 401(k) plan. The employer matches 50% of employee contributions up to 5% of an employee's salary. If Ronaldo contributes 5% of his salary, how much will the employer contribute?