401(k) and age discrimination?????? Please help!
I'm 19 years old, working as a programmer/analyst for a company. We have a matching 401(k) plan in place at our company that I wish to participate in once I am eligible (after one year of service, which is coming up shortly) unfortunately one of the eligibility requirements of our 401(k) plan states "First day of the mnth following completion of one Year of Service in which you work 1,000 hours and attainment of age 21." My question is this, is the age limit of 21 a federal or state requirement? Or is this grounds for an age discrimination case? Please advise.
1 Answer from Attorneys
Age Discrimination -- Age 19
Federal age discrimination covers individuals from age 40 and up only, which means discrimination because you are too young is not a violation. Some states protect other age groups. For example, Oregon law protects individuals starting at age 18.
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