Problem: Sebastian, age 26, has worked part-time (600 hours per year) for Bash's Vegan Express for the past five years. Bash's offers a 401(k) plan with a dollar-for-dollar match on employee contributions up to four percent of compensation for all nonexcludable employees who meet the standard eligibility rules. Which of the following best describes Sebastian's ability to participate in the 401(k) plan in 2024? Sebastian may participate by making employee contributions to the plan; however, Bash's is not required to match his contributions. Sebastian may participate by making employee contributions to the plan, and Bash's is required to match his contributions at the same rate as other participants. Sebastian may not participate by making employee contributions to the plan; however, if Bash's makes a profit-sharing contribution, Sebastian must be included as a participant. Sebastian is not eligible to participate in the plan in any capacity because he does not meet the standard eligibility criteria of age 21 and one year of service in which he worked at least 1,000 hours.