Which of the following situations might convince an employer to choose a nonqualified

retirement plan over a qualified profit-sharing plan?

(a)

The employer, a closely held C Corporation, is in the 15% income tax

bracket and the sole owner of the employer is in the 35% income tax

bracket.

(b)

The employer only wants to meet the organizations objectives of

attracting executives, retaining executives, and providing for a graceful

transition in company leadership. The employer is not concerned with

providing retirement benefits to the rank and file employees.

(c)

The employer is not willing to pay high administrative costs.

(d)

All of the above.