Which of the Following Is Not a Benefit of Nonqualified

question 106

Multiple Choice

Which of the following is not a benefit of nonqualified deferred compensation plans?

• A) Nonqualified plans may discriminate in favor of highly compensated executives.
• B) There is no limit on the amount of nonqualified deferred compensation that can be provided to an employee.
• C) Nonqualified deferred compensation plans are less risky for participating employees than qualified retirement plans.
• D) Employers do not have to expend cash to fund a nonqualified plan.

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Definitions:

Oscar Micheaux

A pioneering African American filmmaker and author, known for his work in the silent and early sound film eras, highlighting the complexities of race and social issues.

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Films or movies; a sequence of images projected onto a screen, creating the illusion of movement.

James P. Johnson

An influential American jazz pianist and composer, known as the "Father of the Stride Piano."

Runnin' Wild

A popular song and dance from the 1920s, known for introducing the Charleston dance to a wider audience.