The Motley Fool Discussion Boards

Previous Page

Financial Planning / Foolish 401(k)s

URL:  http://boards.fool.com/so-if-your-employees-dont-hit-all-3-1000-hours-30149488.aspx

Subject:  Re: Business 401k or not? Date:  7/15/2012  11:05 AM
Author:  W401K Number:  24921 of 25619

So,
If your employees dont hit all 3, 1,000 hours, 1 year of service, and 21 years of age, they can be excluded. If any of your employees hit any of those, they will be eligible. The concern as AJ pointed out is discrimination testing which will limit your ability to contribute