SJ, Inc. covered the following employees under a qualified plan. 1. Joan, a 9% owner and employee with compensation of $30,000. 2. Lind, a commissioned salesperson with compensation of $160,000 last year 3. Reilly, the chief operating officer, who had compensation of $185,000 last (in the top 20% of paid employees). year but was not in the top 20% of paid employees. 4. Garner, the president, who was in the top 20% of paid employees with Assume that SJ, Inc. also has three additional employees who are not covered under the compensation of $195,000. qualified plan. 5. Michelle, the CFO, had compensation of $165,000 last year, placing her in the 6. Thomas is a commissioned salesperson with compensation of $50,000 last top 20% of paid employees. 7. Jesus, who had compensation of $170,000 last year, placing him in the top year. 20% of paid employees. Assuming that no election is made by the company, and based only on the information ivailable, which of the following statements is correct? Use 2023 levels for determining ighly compensated and key employees. a. The plan meets the qualification standards for this year because it passes the ratio percentage test. b. The plan does not meet the qualification standards for this year because it does not pass the Safe Harbor test and the Ratio Percentage Test. c. The plan meets the qualification standards for this year because it passes the safe harbor test. d. The plan does not meet the qualification standards for this year because it