Individuals can begin participation either January 1st or July 1st of every year after the requirements are met. The deadline for submitting enrollment applications is the 15th of the month proceeding the enrollment date.
The following requirements must be satisfied to participate in the 401(k) plan:
(1) You must work with Update for 12 months and a minimum of 1000 hours within that time.
(2) You must be at least 21 years of age.