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6 Cards in this Set

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  • Back
Salary Reduction Plan
The employee agree to give up a specified portion of current compensaton, in turn, the employer promises to pay a benefit in the future benifit.
Supplemental Plan
A employer makes the commitment to provide a specific deferred benifit, the employee does not have to forgo the current compensation to fund the plan.
Excess Benefit Plan
Providing the benifit to employees in excess of the specified qualified plan limitations. It is tied to one or more qualified plan.
Supplemental Excutive retirement Plan
Only available to the selective excutives. not tied to a qualified retirement plan.
rabbi Trust
later
Secular Trust
later