Coverage Test - Classification (BN350)

Run Coverage Test - Classification (BN350) to determine whether a qualified pension plan satisfies the classification test.

For each $5,000.00 pay classification, eligible employees list along with their birthdate and hire date. The report lists the plans in which the employee is enrolled, including start and stop dates. The report shows the total number of eligible employees and plan participants for each classification.

Processing Effect

BN350 compares the number of eligible employees with the number of enrolled employees by classifications based on compensation. Each classification is a $5,000.00 increment, using the rate of pay in HR11.1 (Employee) for each employee.

Employees are eligible if they meet the employee group and benefit postal code requirements defined in BN15.1 (Benefit Plan). BN350 uses the system date to determine active participants.