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Which of the following statements concerning rules that apply to 401(k) plans is (are) correct? I. The results of the ADP test can limit the

Which of the following statements concerning rules that apply to 401(k) plans is (are) correct? I. The results of the ADP test can limit the available salary deferrals for the highly compensated employees. II. A plan must pass both the 1.25 ADP and the 2.0 ADP tests in order to not be in violation of regulations.

Group of answer choices

II only

I only

Neither I not II

Both I and II

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