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:

Million

A numerical unit representing one thousand thousands, or 10^6.

Ageist

Having prejudice or discrimination on the grounds of a person's age.

Dementia

A category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting a person's daily functioning.

Major Neurocognitive Disorder

A significant decline in cognitive function, including memory, attention, learning, and others, that interferes with everyday independence and activities, previously known as dementia.