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:

Continuous Improvement

An ongoing effort to enhance products, services, or processes to increase efficiency and quality.

Stated Objective

A clearly defined goal or target that an individual or organization aims to achieve.

Efficiency

The ability to achieve a desired outcome with the minimum expense of time, effort, or resources.

Derailed Managers Study

Research focused on examining the factors and situations that lead to the failure or underperformance of individuals in managerial positions.