Nonqualified Plans

Nonqualified Plans

Nonqualified Plans examines the four popular nonqualified selective benefit plans being sold in the marketplace. Accordingly, the course considers the nature, use and tax treatment of split dollar plans, executive bonus plans, deferred compensation plans, and group carve-out plans.

Upon completion of this course, a student should be able to:

  • Discuss the nature of nonqualified plans and how they differ from qualified plans
  • Explain the particular employer and executive needs met through nonqualified plans
  • Describe the types of deferred compensation plans and the principal business motives for establishing them
  • Explain the use of rabbi and secular trusts in deferred compensation plans and the consequences of their use
  • Identify the basic characteristics of and prospects for split dollar plans
  • Describe the income tax treatment of split dollar plans, executive bonus plans, group carve out plans, and deferred compensation plans.
  • Recognize the benefits to employers and participating executives of a group carve out plan

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