Mouse Emporium sponsors a single employer defined benefit pension plan that is covered by the PBGC and a qualified profit-sharing plan. Mouse’s annual covered compensation is $2,000,000 and the actuary has determined that a $600,000 contribution must be made to the defined benefit plan for the year. If Mouse would like to contribute the maximum to their defined contribution plan, how much could Mouse contribute to the defined contribution plan in 2025?
A
$0.
B
$70,000.
C
$120,000.
D
$500,000.