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Which of the following statement is not correct? Employers use nonqualified plans to provide additional financial benefits that are not, or cannot be, provided in
- Which of the following statement is not correct?
- Employers use nonqualified plans to provide additional financial benefits that are not, or cannot be, provided in qualified retirement plans.
- Nonqualified plans can reward employees (usually key executives) on a more selective basis than qualified retirement plans that require broad participation, coverage, and nondiscrimination.
- Nonqualified plans can be only used for high-level employees.
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