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How can I check my 401(k) plan’s eligibility requirements?

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To check your eligibility requirements, which determine when employees can start participating in the 401(k) plan, follow these steps:

  1. Check the Plan Highlights: The first two pages of the plan document typically contain a summary of eligibility rules.
  2. Review the Adoption Agreement: The Eligibility section (Section B) of the Adoption Agreement provides details on:
    • Age and service requirements for 401(k) plan participation.
    • Entry dates (when employees can start contributing after meeting eligibility).
    • Excluded employee groups (e.g., union employees or non-resident aliens).
    • Break-in-service rules (which may impact eligibility for rehires).

To locate this information:

  • Navigate to Resources > Documents.
  • Open your plan document and find the Adoption Agreement.
  • Go to Section B: Eligibility to review the specific requirements for your 401(k) plan.