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Wanka Factory has 100 non excludable employees. 9 of the 10 highly compensated and 60 of the 90 non highly compensated are covered under Wanka's
Wanka Factory has 100 non excludable employees. 9 of the 10 highly compensated and 60 of the 90 non highly compensated are covered under Wanka's qualified plan. Which of the following statements is TRUE?
1. The plan passes the general safe harbor coverage test.
2. The plan passes the ratio percentage coverage test.
A. 1 and 2
B. 1 only
C. Neither
D. 2 only
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