Answer: Jason's balance is now $13,440.
Explanation: To calculate Jason's 401,000 balance, we need to find a match between his total donation and company.
First, let's calculate Jason's contribution each year.
Year 1: His 4% of $80,000 salary is 4% * $80,000 = $3,200.
Year 2: His 5% of $80,000 salary is 5% * $80,000 = $4,000.
Year 3: 7% of $80,000 salary is 7% * $80,000 = $5,600.
Year 1: Jason's 5% of his 4% contribution is his 5% * $3,200 = $160
Year 2: Jason's contribution for his 5% is 5% * $4,000 = $200
Year 3: Jason's 5% of his 7% contribution is 5% * $5,600 = $280.
Now you can add Jason's contribution and each year's company grant to get his total contribution. Year 1: $3,200 + $160 = $3,360 Year 2: $4,000 + $200 = $4,200 Year 3: $5,600 + $280 = $5,880
Finally, we can add up Jason's total donations for all his three years to get a balance of 401,000.
$3,360 + $4,200 + $5,880 = $13,440
Since Market Earnings is 0, Jason's 401,000 balance will be his $13,440, which can be carried over to his 401,000 plan at the new company if he changes jobs.