Austin Corporation is proposing the establishment of a pension plan that will cover only employees with salaries

Question:

Austin is proposing the establishment of a pension plan that will cover only employees with salaries in excess of $150,000. No other employees are covered under comparable qualified plans. What problems (if any) do you envision regarding the plan’s qualification with the IRS?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...