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Angelo s Bakery has 1 0 5 employees. 9 0 of the employees are nonexcludable and 1 5 of those are highly compensated ( 7

Angelos Bakery has 105 employees. 90 of the employees are nonexcludable and 15 of those are highly compensated (75 are nonhighly compensated). The companys qualified profit sharing plan benefits 8 of the highly compensated employees and 40 of the nonhighly compensated employees. Does the profit-sharing plan sponsored by Angelos Bakery meet the coverage test?

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