Imagine that you are an employer trying to decide whether to sponsor a “qualified” retirement plan or a “nonqualified” deferred compensation plan for your employees. What are the tax and nontax consequences of each plan? Based on what you know about the different plans, what would be your justification for selecting the one you choose?

Answer rating: 100% (QA)

Sponsoring Employee Compensation Plans A qualified retirement plan is a plan in which an employer de... View the full answer