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Which of the following statements concerning nonqualified deferred compensation plans is true?

Which of the following statements concerning nonqualified deferred compensation plans is true?

A.

They are governed by ERISA rules.

B.

Such plans must be reviewed with the IRS.

C.

The deferred compensation must be held in escrow at a bank.

D.

A failure of the business could lead to nonpayment of the deferred compensation.

FINRA SIE Summary

  • Vendor: FINRA
  • Product: SIE
  • Update on: Jan 2, 2026
  • Questions: 188
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