What was the SHOP participation rate for Pecans Unlimited if 8 out of 10 FTEs enroll in SHOP coverage?

To determine the SHOP participation rate for Pecans Unlimited, you calculate the percentage of full-time equivalents (FTEs) enrolled in the SHOP coverage. In this scenario, 8 out of 10 FTEs have chosen to enroll.

To find the participation rate, you divide the number of FTEs that enrolled (8) by the total number of FTEs (10), and then multiply by 100 to convert it to a percentage:

(8 FTEs enrolled / 10 total FTEs) * 100 = 80%

This result shows that the correct participation rate is 80%. Therefore, the correct answer is 80%, indicating that 80% of the FTEs participated in the SHOP coverage.