Marcus has 20 employees and wishes to start a qualified plan. Who can he exclude from plan participation?

Question

Quizplus · Accepted Answer

Employers starting a qualified plan may exclude employees under the age of 21. Employers may also exclude employees who are covered by a collective bargaining agreement, non-resident aliens, part-time employees who have worked less than 1,000 hours per year, and employees who have worked less than on year.

Marcus Has 20 Employees and Wishes to Start a Qualified