Tad is a participant in Yum Tasty Goode, Inc.'s ESOP and is 2 years away from retirement (at age 65). The ESOP only holds employer securities. He has worked at the company for 10 years and participated in the plan for the last 8 years. Which of the following is true: Tad must take a distribution of employer securities and reinvest if he wants to diversify his portfolio. Tad must wait 15 years before he can require the ESOP diversify up to 25% of his portfolio. Tad can require that the ESOP diversify his portfolio since it currently holds 100% employer securities. The ESOP can only hold up to 25% employer securities