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1. What makes nonqualified deferred compensation "nonqualified"?

2. What is one advantage that NQDC has over qualified deferral plans, such as 401(k)s?

3. Which of the following cannot be deferred under a nonqualified deferred compensation plan?

4. Which of the following can participate in NQDC plans?

5. As long as your company allows it, what is the maximum percentage of salary and bonus you can defer through NQDC plans?

6. Which of the following forms of payout is not available with NQDC?

7. When do you make a deferral election for salary?

8. If you change your deferral election, how many years must the distribution date be from the original distribution date?

9. Which of the following can be used to hold deferred amounts in a way that offers tax deferral and separation of money from other corporate uses, though only limited protection in corporate bankruptcy?

10. Which of the following is not generally used to informally fund NQDC plans?

11. What happens to deferred money upon job loss?

12. Can deferred amounts be distributed to me for certain financial goals or life events before retirement without incurring a penalty under Section 409A?

13. Which of the following does not potentially pose a risk to nonqualified deferred compensation?

14. Which section of the Internal Revenue Code provides the rules for elections and distributions of nonqualified deferred compensation?

15. Is NQDC protected under the Employee Retirement Income Security Act (ERISA)?