BN345 - Percentage Test
Run Percentage Test (BN345) to determine whether defined contribution
or defined benefit plans satisfy the percentage test, also called the 70percent test. The report is based on participation on the system date.
For each eligible employee, the report lists: date of birth, hire date,
and whether the employee is a plan participant. For employees enrolled in
a defined contribution or defined benefit plan, the report also lists: the
plan in which the employee is a participant, the benefit start date, and the
benefit stop dates.
**Processing Effect
The percentage test compares the number of employees who are eligible
for the plan with the number of participants. To determine which employees
are eligible, the test uses the eligibility requirements of each benefit plan.
The report totals the number of eligible employees and the number of
plan participants and calculates the percentage of eligible employees who
are participants.
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File created: Thu Jun 09 11:10:39 2016
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