Statements concerning retirement plan service

Reference no: EM1340262

Which of the following statements concerning retirement plan service requirements for qualified plans is NOT correct?

A. The term "year of service" refers to an employee who has worked at least 1,000 hours during the initial 12-month period after being employed.

B. If an employee is hired on October 5, 2013 has worked at least 1,000 hours by October 4, 2014, he has acquired a year of service the day after he worked his 1,000th hour.

C. An employer has the option of increasing the one-year of service requirement to 2-years of service.

D. Once an employee attains the service requirement of the plan, the employer cannot make the employee wait more than an additional six months to be considered eligible to participate in the plan.

Reference no: EM1340262

Questions Cloud

Discuss comment on the current issue of exporting jobs : In light of the theory of comparative advantage, "Are Any Restrictions On Free International Trade Advantageous. Discuss comment on the current issue of "Exporting Jobs".

Creating plan to adjust termination time of project : Create a plan to adjust the termination time of the project to accommodate the issues presented.

Find out the number of triplet codons feasible : Find out the number of triplet codons feasible

How will a scientist predict the relative frequencies : How will a scientist predict the relative frequencies

Statements concerning retirement plan service : Determine statements concerning retirement plan service requirements for qualified plans is NOT correct

Remain competitive in a very competitive marketplace : Sprint acted as a well-managed business that takes the actions necessary to remain competitive in a very competitive marketplace.

Preserving their native culture in communities : Many Europeans settled the Great Plains in the 1860s and 1870s. However, these settlers often went to great lengths to preserve their native culture within their communities.

Explain postdated check and holder in due course right : Explain Postdated Check and Holder in Due Course Right- Check and Funds Transfer Case and David refused to pay claiming this was improper because he was protected as a holder in due course.

Explain why does the united states have : Explain why does the United States have an absolute advantage in both goods. Which country enjoys a comparative advantage in food.

User Account

All Pages