Q&A: Who can participate in a 401(k)?

Before the SECURE Act, if someone worked less than 1,000 hours per year, they were generally ineligible to participate in their company’s 401(k) plan.
The law now requires employers maintaining a 401(k) plan to offer one to any employee who worked over 1,000 hours in one year, or 500 hours over 3 consecutive years and at least 21 years old (except in the case of collectively bargained plans).

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