Fur & Feаthers spоnsоrs а 401(k) plаn that matches dоllar for dollar any employee elective deferrals up to 6% of compensation and follows the least generous graded vesting schedule. The company has not made the top 20% election for the determination of who is highly compensated. It is January 2025. The company has the following employee information: Employee Ownership Compensation Elective Deferral Deferral % Clark 93% $ 200,000 $ 14,000 7.0% Lois 5% $ 165,000 $ 15,345 9.3% Bruce 2% $ 155,000 $ 13,950 9.0% Albert 0% $ 40,000 $ 4,000 10.0% Vicki 0% $ 30,000 $ - 0.0% Robin 0% $ 30,000 $ 1,800 6.0% Danny 0% $ 30,000 $ - 0.0% Which of the following statements is correct?