Mark's financial planner has recommended a retirement plan for implementation at Mark's business. He tells Mark that the plan must cover all employees who are at least age $21$ and have worked for Mark for three of the last five years $($part$-$time counts$).$ Contributions must be made for employees who earned at least $$750(2025)$ in the prior year. The plan can exclude union members if they have their own retirement plan.

Which type of plan has Mark's planner recommended?

A$)$

Profit$-$sharing plan

B$)$

Simplified employee pension $($SEP$)$ plan

C$)$

SARSEP plan

D$)$

SIMPLE IRA plan