Business, 18.03.2021 01:40, chiquita77

Frank works for American Airlines as a plane mechanic. He make $92,568 per year and contributes 6% of his gross salary into the company's 401k plan. The company matches 50 cents per dollar up to 6% of employee contributions. The company uses a 2 to 6 graduated vesting schedule. Frank just finished his 5th year as an employee and has made contributions for 4 years. His salary has not changed and he has averaged an investment return of 11%. Now Frank is considering taking an offer from Southwest Airlines to become their lead mechanic. He wants to know how much money he will be able to rollover to the 401k at Southwest. What % of the employee contributions and investment return will Frank be able to rollover

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Frank works for American Airlines as a plane mechanic. He make $92,568 per year and contributes 6% o...