According to ERISA guidelines,companies can deduct benefit costs when they meet its nonqualification rules.(The Employee Retirement Income Security Act of 1974)

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ERISA guidelines pertain to the regulation of minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans. Companies can deduct benefit costs when they meet its qualification rules, not nonqualification rules. Nonqualified plans do not meet all ERISA stipulations and thus do not receive the same tax benefits as qualified plans.

According to ERISA Guidelines,companies Can Deduct Benefit Costs When They