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16 January, 19:35

For which reason does the IRS use the term "key employees"?

a. non-discrimination rules in retirement benefits

b. non-discrimination rules in health insurance

c. benefits top-heavy provisions in employer-sponsored qualified retirement plans

d. top-heavy provisions in employer-sponsored health insurance plans

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Answers (1)
  1. 16 January, 21:49
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    Option C, top-heavy provisions in employer-sponsored qualified retirement plans, is the right answer.

    Explanation:

    The Internal Revenue Service of the United States uses a terminology, Key employee, to signify a classification of employees while determining the conditional retirement plans sponsored by the organisation, which involves 401 (a) established benefit plans and 401 (k) s recognized as "top-heavy". In simple terms, weighted towards the highly compensated employees of a company.
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