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All of the following are advantages to implementing a nonqualified deferred compensation plan, except A) the NQDC is offered in lieu of the qualified plan.

All of the following are advantages to implementing a nonqualified deferred compensation plan, except A) the NQDC is offered in lieu of the qualified plan. B) it allows employers to attract and retain key employees. C) the NQDC can be offered to a select group of employees. D) qualified plans are generally more expensive and more complicated to administer

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