Most nonqualified plans:
A)are designed to benefit the majority of employees in an organization.
B)are designed for lower level employees and temporary workers.
C)allow employer funding contributions to be deducted as a business expense.
D)are intended to obtain tax benefits rather than employee satisfaction.
E)are for executives and designed to benefit only a small group of highly paid executives.

Question

Quizplus · Accepted Answer

Most nonqualified plans are specifically designed for executives and are intended to benefit only a small group of highly-paid individuals within an organization, rather than the majority of employees. These plans offer benefits beyond those in standard qualified retirement plans and are tailored to meet the unique needs of the organization's top executives.

Most Nonqualified Plans