A defined benefit retirement plan covers 72% of the non-highly compensated individuals.The plan benefits 48 of the 131 employees.Which is true?
A) The 70% coverage requirement is not met.
B) The plan meets the minimum participation test.
C) The plan meets the 70% coverage requirement,but fails the minimum participation test.
D) The plan does not meet the 70% coverage requirement,but does meet the minimum participation test.
E) None of these is true.
Correct Answer:
Verified
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