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Will the plan passes the ratio percentage test

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Acme Inc. has 200 total employees, 150 of which are nonexcludable employees. Ten employees are highly compensated. Seven of the 10 highly compensated and 100 of the 140 nonhighly compensated employees are covered under Acme's qualified plan. The average accrued benefit for the highly compensated is 3% and the average accrued benefit for the nonhighly compensated is 1.5%.

Problem 1: Will the plan passes the ratio percentage test?

Problem 2: Will the plan passes the average benefits test?

Reference no: EM132740468

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