Which of the following is false regarding eligibility of employees within qualified retirement plans? Employers can elect to require employees to complete three years of service before becoming eligible in the plan as long as they become immediately 100% vested An employer may hold off allowing an eligible employee to participate in a plan as long as the next plan entrance date is no more than six months away Tax-exempt educational institutions can delay eligibility in its qualified plans until the employee attains age 26 and completes 1 year of service The standard eligibility requirements state that an employee must be considered eligible in a plan no later than once they turn age 21 and complete 1 year of service