Which is not a factor associated with the decision to fund a nonqualified plan? $($Funding Status$)$

Question $1$ options:

Shareholder expectations

Costs

Liability management

Press coverage

Question $2(2$ points$)$

$$

Which one of the following is a funded plan?$$

Question $2$ options:

General asset approach

Secular trusts

Corporate life insurance

Rabbi trusts

Question $3(2$ points$)$

$$

Which one of the following is not a characteristic of employee owned annuities? $($Employee$-$Owned Annuities$)$

Question $3$ options:

Offers financial security

Third party vendors are involved

Employee pays the cost of the annuity

Not subject to ERISA provisions

Question $4(2$ points$)$

$$

Nonstatutory stock options are characterize by which one of the following features? $($Stock Options$)$

Question $4$ options:

They qualify for favorable tax treatment

They are awarded at discounted prices

Executives do not have any ownership control over the disposition of the stock for $5$ to $10$ years

Executives pay taxes in the future when they choose to exercise their nonstatutory stock options

Question $5(2$ points$)$

$$

According the Internal Revenue Code, this person was a five percent owner at any time during the year or the preceding year; or$,$ for the preceding year, the employee had compensation in excess of $$130,000$ in $2021$ and was in the top$-$paid group of employees.$$

Question $5$ options:

Highly compensated employee

Key Employee

Bona fide executive

High policymaker