or makes custodial accounts available to employees, as of such date. (2) Notice requirements A plan or arrangement shall be treated as meeting the notice requirements of this paragraph with respect to an employee if the plan or arrangement meets notice requirements similar to the notice requirements of section 401(k)(13)(E). (3) Eligibility requirements (A) In general The requirements of this paragraph shall be treated as met if all employees of the employer are eligible to participate in an automatic contribution plan or arrangement maintained or facilitated by the employer. (B) Certain exclusions The following employees may be excluded from consideration in determining whether the requirements of this paragraph are met: (i) Individuals less than 21 years old Any employee who has not attained age 21. (ii) Certain other employees Any employee described in section 410(b)(3). (iii) Service requirements Any employee who has completed neither of the following periods of service with the employer maintaining or facilitating the plan or arrangement: (I) The period permitted under section 410(a)(1) (determined without regard to subparagraph (B)(i) thereof). (II) A period of 2 consecutive 12-month periods during each of which the employee has at least 500 hours of service. For purposes of subclause (II), 12-month periods shall be determined in the same manner as under the last sentence of section 410(a)(3)(A). (iv) Certain students in case of a 403(b) plans In the case of an annuity contract described in section 403(b), employees who are students, but only to the extent such employees may be excluded under the last sentence of 403(b)(12)(A). (C) Special rules for controlled groups All eligible employees of an employer need not be eligible to participate in the same automatic contribution plan or arrangement. For purposes of this subsection, the term employer shall include all employers treated as a single employer under subsection (b), (c), (m), or (o) of section 414. (D) Entry dates Rules similar to the rules of