Michael has worked at TechCorp for 4 years already. His empl…

Michael has worked at TechCorp for 4 years already. His employer sponsors a 401(k) defined contribution plan with the following vesting schedule: 0-2 years of service: 0% vested 2-3 years of service: 20% vested 3-4 years of service: 40% vested 4-5 years of service: 60% vested 5-6 years of service: 80% vested 6+ years of service: 100% vested Michael’s total account balance is $120,000, consisting of $80,000 in his own contributions and $40,000 in employer matching contributions. Michael decides to leave TechCorp today. How much of his account balance is he entitled to receive?