Question

What is the annual value of a 401(k) plan in which the employer agrees to match 3.5% if the employee contributes $10,000?

Answer 1

$10,350

Explanation:

%3.5 * 10000 = 350

350+10000 =10350

Answer 2

Explanation:

i Can't give you annual "value" without more information, but the annual contributions are YOURS formula:$10,000 + employer match (10,000 * 0.035 = 350) = $10,350.