Comprehensive Learning Assessment 1 1. XYZ covered the following employees under its qualified plan. 1. Rob, a 4% owner and employee with compensation of $32,000. 2. Robin, Rob's cousin, a commissioned salesperson with compensation of $195,000 last year (the highest paid employee). Robin owns 2% of the company stock. 3. Randi, the chief operating officer, who had the compensation of $160,000 last year, but was not in the top 20% of paid employees. Assuming the company made the 20% election when determining who is highly compensated, who is the key employee? Explain your answer.