Generally, a Qualified Plan Must Cover a Broad Spectrum of Employees

Generally, a qualified plan must cover a broad spectrum of employees on a nondiscriminatory basis. Specifically, the plan may qualify if it covers at a minimum:

A) All full-time employees who are age 25 and over
B) 70 percent of all nonhighly compensated employees
C) All full-time employees over age 21 with at least three years of service
D) All full-time employees earning in excess of the FICA limit