Which of the following statements correctly describe(s) one of the three tests for qualified plans set 21. forth under the 410(b) rule? A retirement plan meets the percentage test if the plan benefits 70 % of the eligible employees who are not highly-compensated. A retirement plan meets the ratio test if the plan benefits 50% of the eligible non-highly compensated employees, when 80% of the eligible highly-compensated employees benefit from the plan. A defined-benefit retirement plan meets the average-benefit test if the eligible highly compensated employees have average benefits that are 60% of their final-average earnings and the eligible non-highly-compensated employees have average benefits that are 40 % of their final-average earnings. I III I only I and II only II and III only I, II, and II (A) (B) (C) (D)