Rabbi trusts are characterized by which one of the following features? (Rabbi Trusts)

Question

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Rabbi trusts are characterized by the fact that the employer maintains ownership of the trust assets, which are set aside to provide certain benefits to employees. The rabbi trust is typically an irrevocable grantor trust, but the employer retains ownership until the payment obligations are met. The trust assets are not considered to be part of the employer's general assets and are therefore insulated from the employer's creditors. Financial lending institutions may or may not be involved, depending on the terms of the trust arrangement. Rabbi trusts are not funded plans, since they do not require the employer to make contributions to the trust.

Rabbi Trusts Are Characterized by Which One of the Following