QKA Practice Questions - ASPPA Qualified 401(k) Administrator (QKA) Exam

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A 401(k) plan uses the 1,000-hour rule for one year of service. An employee works 950 hours during her first 12-month eligibility computation period. What is her eligibility status?

She has not yet completed a year of service and remains ineligible She is immediately eligible because she crossed 900 hours She is eligible on a pro-rata basis for 95% of contributions She is eligible as a long-term part-time employee for matching contributions

Correct Answer:

She has not yet completed a year of service and remains ineligible

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