In Order to Obtain and Retain Qualified Status,a Pension or Profit-Sharing

question 107

Multiple Choice

In order to obtain and retain qualified status,a pension or profit-sharing plan must not discriminate in favor of highly compensated employees which include:

• A) Employees who own more than 5% of the corporation's stock.
• B) Employees who received over $85,000 compensation in the previous year.
• C) Employees who were in the top 25% of employees based on compensation.
• D) None of these.