John owns Mid?Atlantic Lobster and provides a defined contribution (DC) for its employees. Upon review, an auditor has determined the following: John's plan has 65% of the balance of the plan held by key employees. John has come to his adviser for guidance. Please review advice that John can utilize for his plan. Group of answer choices John's plan is in compliance as less than 70% of the aggregate of the plan for key employees exceeds the aggregate of all employees. John's plan is out of compliance and can be corrected by providing each nonkey employee at least a 1% contribution to his/her plan. If key employees received a 2% contribution, in order to correct this plan, nonkeys should receive a 3% contribution. If key employees received a 2% contribution, in order to correct this plan, nonkeys should receive a 2% contribution