lease use the case: Cheryl when responding to this question. Cheryl has never heard of a Supplemental Executive Retirement plan and is looking to you for an explanation of this type of plan. What would be appropriate points to include in providing a brief overview to Cheryl of this plan type? Only pays a benefit at retirement They are taxed to employee and employers in the same manner as qualified plans Employers often use life insurance to informally fund plans Plans are limited to a select group of senior employees