Multiple Choice
This type of executive retirement plan is unfunded and can be issued upon retirement,termination,or death,but the assets must be released to creditors if the company files for insolvency or bankruptcy.(Rabbi Trusts)
A) Employee-owned annuities
B) Secular trusts
C) Rabbi trusts
D) Corporate-owned life insurance
Correct Answer:
Verified
Correct Answer:
Verified
Q13: With unfunded plan,executives may forfeit retirement benefits
Q14: A funding mechanism is synonymous with funded
Q15: Executive retirement plans adhere to ERISA's nondiscrimination
Q16: A company may choose to add to
Q17: Corporate-owned life insurance can be used by
Q19: According the Internal Revenue Code,this person was
Q20: Which is not a factor associated with
Q21: Top hat plans are unfunded plans.(Supplemental Executive
Q22: Under SERP,nonexecutive employees earn an annual retirement
Q23: This provides income to executives at the