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:

Act of State Doctrine

A principle in international law that allows a country to disregard foreign judgments that violate its own nation's sovereignty.

Space Resources

Natural materials found outside of Earth's atmosphere that can be extracted and utilized, such as water ice on the moon or minerals on asteroids.

Antidumping Duty

A tariff imposed by a government on foreign imports believed to be priced below fair market value to protect domestic industries.

United Nations Guidelines

Frameworks, principles, or standards adopted by the United Nations to guide member states in various areas including human rights, economic development, and environmental protection.