Participating in an Employer-Sponsored Nonqualified Deferred Compensation Plan Is Potentially

question 136

True/False

Participating in an employer-sponsored nonqualified deferred compensation plan is potentially risky because employers are not required to fund nonqualified plans. If the employer is not able to pay the employee when the payment is due, the employee usually becomes an unsecured creditor of the employer.

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Definitions:

Nonverbal Communication

The process of conveying a message without the use of words, e.g., through facial expressions, body language, and gestures.

Frustrating

Causing feelings of annoyance or discouragement because of obstacles or difficulties that prevent progress or achievement.

Adaptive Coping Skill

Strategies or techniques used to manage or overcome stress and emotional distress in a constructive and healthy manner.

External Distractions

Involve environmental stimuli such as noises or visual cues that detract from one's focus or concentration.