HCEs
The rule that examines last year's compensation
What is the lookback rule?
Name of the most popular coverage test
What is ratio percentage test?
The name of a typical ownership structure
Minimum number of employees to maintain a SLOB
What is 50?
Name of testing method performed on one specific day each year
What is snapshot testing?
The ownership threshold that makes you an HCE
What is 5%?
Minimum % needed to pass ratio test
What is 70%?
The rule that imputes ownership by immediate relatives
What is attribution?
Name of the form needed to file with the IRS
What is a Form 5310-A
Frequency of testing where there are no significant changes
What is every three years?
An election that can narrow the group of HCEs
What is a top paid group election?
A plan that only covers non-HCEs
What is a plan that automatically passes?
Ownership percentage that is considered related under ERISA
What is 80%?
Name of the approval document requested from the IRS
What is a determination letter?
The rule that allows a reliable substitute of precise data
What is best available data?
The dollar amount for determining an HCE in 2026
What is $160,000?
Coverage test you want to avoid
What is the average benefit percentage test?
What is 414(b) & (c)?
Name of the test a QSLOB must pass
What is the gateway test (or nondiscriminatory classification)?
Substantiation guidelines are inapplicable to this test
What is the ADP/ACP test?