Speedy Production Company, Inc maintains a profit sharing 401(k) plan for eligible employees. The following information relates to the plan during the current plan year. Stan Fulton, the owner, age 52, is paid a salary of $100,000, and the following amounts have been added to his profit sharing plan account this year: Salary deferrals $19,500 Catch-up contribution $5,500 Investment earnings $ 9,000 Forfeiture allocations $ 2,000 Employer contributions $12,000 Overall, Speedy's employee elective deferrals amounted to 6% of covered payroll and the employer contribution was 12% of covered payroll. Plan investments are allocated as follows. Growth mutual funds 35% Balanced mutual funds 25% Corporate bond funds 20% Company stock 20% Given the above information about Stan Fulton and Speedy, is the plan in compliance of the statutory limits related to employer stock held by the plan? O A. Yes, company stock holdings are less than the legal maximum of 259. B. Yes, company stock holdings are less than the legal maximum of 100% C. No, company stock holdings exceed the legal maximum of 10%. OD. No, company stock holdings exceed the legal maximum of 15%