Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(k) plan and for every $1 an employee contributes (up to 9 percent of the employee’s salary) LANL contributes $3 (a 3 to 1 match). The plan provides a six-year graded vesting schedule. Alex is now in his fifth year working for LANL, and his current year salary is $150,000. Alex’s marginal tax rate is 28 percent in 2014. Answer the following questions relating to Alex’s retirement savings in 2014.