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Employees participating in unfunded nonqualified deferred compensation plans are likely to seek ways to increase the security of their promised benefits without eopardizing the tax
Employees participating in unfunded nonqualified deferred compensation plans are likely to seek ways to increase the security of their promised benefits without eopardizing the tax deferral that is at the heart of such plans. Which of the following devices is LEAST appropriate for such purposes? Select one: a. A secular trust b. A rabbi trust c. An employer-maintained reserve account fully accessible by the employer and its creditors
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