A Retirement Plan Covers 72% of the Non-Highly Compensated Individuals

Multiple Choice

A retirement plan covers 72% of the non-highly compensated individuals.The plan benefits 48 of the 131 employees.Which is true?

A) The 70% coverage requirement is not met.
B) The plan meets the minimum participation test.
C) The plan meets the 70% coverage requirement, but fails the minimum participation test.
D) The plan does not meet the 70% coverage requirement, but does meet the minimum participation test.
E) None of the above is true.