NIPA APR Practice Questions - NIPA APR Accredited Pension Representative Exam

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For a cross-tested DC plan to use the average benefits test on an equivalent benefits basis, what minimum gateway allocation must each NHCE receive?

At least 5% of compensation OR 1/3 of the highest HCE allocation rate, whichever is less At least 3% of compensation regardless of HCE allocation At least 7.5% of compensation in all cases No gateway is required if all rate groups pass the ratio percentage test

Correct Answer:

At least 5% of compensation OR 1/3 of the highest HCE allocation rate, whichever is less

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