00:01
Which of the following satisfy 401k statutory eligibility requirements.
00:06
So we should start by stating these requirements.
00:13
So if a company has a pension plan, they are required to make sure that if their employees are enrolled if the employee is 21 or older and has at least one year of service.
00:30
You can set your requirements lower than this.
00:32
You can be more generous to employees and enroll them sooner.
00:35
You cannot exceed these requirements.
00:38
These are as strict as it could be.
00:41
As strict as permissible.
00:46
So let's have a look at our options here.
00:50
1.
00:50
Age 21, one year of service, that is the strictest thing allow, but it is definitely allowed.
00:55
It is the requirements.
00:59
18 with no service requirement.
01:01
So that's more lax...