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#1
07-13-2005, 07:38 PM
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401(k)
Today I received a job offer. In it they said that I am not eligible for the company's 401(k) plan because I'm 18 and have to be 21 to be eligible. Is this a federal law or just the company's policy?
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2001 Honda S2000 New Formula Red Mods: Engine: Comptech Air Intake Box, miscellanous chrome dress up pieces Suspension: Comptech front strut tower bar Exterior: Grillcraft grill, lots of wax Interior: Rick's leather console cover, Muz one-piece luxury floormats, Rick's windscreen, Electronics/Audio: Polk speakers Wheels/tires: 18" SSR Competition wheels with 225/40 and 255/35 tires 
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#2
07-13-2005, 08:24 PM
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According to this site. Yes they can. it states "The company sets the eligibility requirements, within certain guidelines, at the time the plan is established" That sucks. BT>W that site also has a forum that might answer more specific questions relating to 401ks.
TS out
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#3
07-13-2005, 09:15 PM
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Re: 401(k)
Thanks. So it's a company policy, not a federal law, right?
__________________
2001 Honda S2000 New Formula Red Mods: Engine: Comptech Air Intake Box, miscellanous chrome dress up pieces Suspension: Comptech front strut tower bar Exterior: Grillcraft grill, lots of wax Interior: Rick's leather console cover, Muz one-piece luxury floormats, Rick's windscreen, Electronics/Audio: Polk speakers Wheels/tires: 18" SSR Competition wheels with 225/40 and 255/35 tires
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#5
07-14-2005, 10:03 AM
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Yes - its company policy. Its also good to know that you're interested in your retirement already. To many people wait to damn long before even giving it a thought.
__________________
Resistance Is Futile (If < 1ohm)
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#7
07-15-2005, 08:28 AM
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Re: 401(k)
 on starting early!Right. So figure out how much you could contribute to the 401(k) and send the same amount each payday to a solid mutual fund or other investment. That way you won't miss out entirely on it, and will be used to saving that amount when you do become eligible.
__________________
Ours: 2020 Jeep Wrangler 2.0, 53k 2013 Toyota FJ Cruiser, 84k Kids: 2005 Honda CRV, 228k
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#8
07-19-2005, 11:31 AM
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Re: 401(k)
That sucks that you aren't eligible. i wonder if they match once you are?
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