LO.2 Blonde Corporation has a total of 1,000 employees, of whom 700 are non-highly compensated. The retirement

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LO.2 Blonde Corporation has a total of 1,000 employees, of whom 700 are non-highly compensated. The retirement plan covers 300 non-highly compensated employees and 200 highly compensated employees. Does this plan satisfy the minimum coverage test?

Explain.

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