Test Your Knowledge

Question 1 of 1
What are the maximum required hours of service an employee must have to participate in a qualified plan that bases participation on hours of service? 
a)500 hours on service in the 12 month period beginning on the employee’s hire date
b)1000 hours of service in the 12 month period beginning on the employee’s hire date
c)1200 hours of service in the 12 month period beginning on the employee’s hire date
This information is provided as general guidance, Voya Financial® does not provide legal or tax advice. Plan sponsors should contact their legal and/or tax advisors regarding the facts and circumstances around their own retirement plan and the applicability of the issues discussed here.