Under ERISA a Key Employee Is Someone Who Is

question 1

Multiple Choice

Under ERISA a Key employee is someone who is:

• A)A one-percent or more owner (current plan year).
• B)A five-percent or more owner (current plan year).
• C)An employee earning in excess of $120,000 in the preceding year.
• D)An officer of the company (current plan year).

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Definitions:

Emotional

Pertaining to one's feelings or affective states, often influencing mood, behavior, and cognitive processes.

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct answer to a problem.

Divergent Thinking

An intellectual strategy or procedure aimed at developing original ideas through the examination of various options.

Transformational Logic

A theory or process of changing one structure into another, often used in linguistic and mathematical contexts to describe systematic changes.