Which of the Following Is Not a Feature of Excess

question 49

Multiple Choice

Which of the following is not a feature of excess benefits plans? (Excess Benefit Plans)

• A)Extended provisions of existing qualified plans.
• B)Increased retirement benefits by the amount lost due to contribution and annual addition limits set by the Internal Revenue Service
• C)Funded excess benefit plans are subject to ERISA regulations
• D)Unfunded excess benefit plans are subject to some ERISA regulations

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Definitions:

Assets

Economic resources owned or controlled by a business, expected to produce future benefits.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Equity

The residual interest in the assets of a business after deducting its liabilities, representing the ownership interest of shareholders.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.