Identify the nonqualified deferred compensation arrangement in which an employer places assets into an irrevocable trust where they remain subject to the claims of the employer's general creditors. Rabbi trust Surety bond * Secular trust Qualified plan 15) 15 (1pts) ^ Select the situation(s) in which informal funding of a nonqualified plan may create taxation to the sponsoring employer. I. If the type of asset used to fund the plan is an employer-owned annuity, the set-aside reserve may create an additional tax consequence to the employer. II. Any earnings generated from the underlying assets are always tax-deferred to the employer. I only II only Both I and II Neither I nor II 16) 16 (1pts) ^ All of the following statements regarding an informally funded nonqualified plan are correct EXCEPT the underlying assets funding the plan are owned by the employer the plan may defer taxation on the executive's current compensation * the most popular type of an informally funded nonqualified plan is the rabbi trust the underlying assets funding the plan are not subject to the claims of the employer's general