Imagine your employer asks you to assist in determining whether their proposed stock bonus plan $($a defined contribution plan$)$ meets several of the criteria to be considered a qualified plan. For each of the following plan features, please indicate whether or not the plan meets the requirements. If so$,$ explain why. If not, please explain how the plan can be changed to ensure that the plan complies. Do not worry about plan qualification requirements that are not listed $.($Hint: This question is similar but NOT identical to a question in the previous assignment $)$ a$.$ Eligibility criteria $.$ The plan requires individuals to work for $6$ months and be age $22$ or older before becoming eligible $.$ b$.$ Coverage Tests $.$ The employer has $300$ employees $,30$ of whom are considered highly compensated $.29$ of the highly compensated employees are covered by the plan. $180$ of the non$-$highly compensated employees are covered by the plan $.$ Highly compensated employees receive an average benefit of $6\%$ and non$-$highly compensated employees receive an average benefit of $4\mathrm{.}8\%..$ Vesting Schedule. After this many years of service Employee is vested with this $\%$ of employer contributions $123254505675100$ Question $2.$ Your CEO worried about employee retention and recruitment and is considering offering some fringe benefits for that purpose $.$ Outline $3$ possible fringe benefits the company could add and what restrictions the company to for