Question: Under the rules of the General Safe Harbor Coverage Test, an employer consists of 7 0 non - highly compensated ( NHC ) employees and

Under the rules of the General Safe Harbor Coverage Test, an employer consists of 70 non-highly compensated (NHC) employees and 80 highly compensated employees. Of the 70 NHC employees, 50 are nonexcludable. 35 of the nonexcludable, NHC employees benefit from the company retirement plan. Does this plan pass the General Safe Harbor Coverage Test? Select True for "Yes, it passes." Select False for "No, it does not pass.
Group of answer choices
True
False

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