Retirement Accounts
Under ERISA, a qualified retirement plan may require employees to meet which maximum eligibility requirements before participating?
ERISA max eligibility: age 21 + 1 year service (1,000 hours). Plans can be more generous.
Complete Analysis & Legal Rationale
ERISA permits plans to require employees to reach age 21 and complete 1 year of service (at least 1,000 hours) before becoming eligible. Plans cannot impose stricter requirements than these maximums.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
While more permissive, this is not the maximum permitted under ERISA.
Age 25 and 2,000 hours exceed the ERISA maximum requirements.
The service requirement is typically 1 year (1,000 hours), not 6 months.
Matches the verified teaching point in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA Series 7 outline.