Minimum Age Requirements

[Guest caddieadmin]

I know this is a very basic question, but I can't seem to verify it anywhere else.

Hypothetical: A qualified plan is started with automatic enrollment and no age or eligibility service requirements. Would it be possible for an individual under 18 years old to participate?

I know custodial IRA's can be set up for this purpose. Or perhaps 529 savings plans. I know you can't require an individual to be older than 21 in order to participate, but is it possible for minors to participate?

Every possible answer to this question I've found simply states that having "no" age requirements is "not recommended," but nothing else is said about it.

Any thoughts?

[Mike Preston]

It is allowable.