Financial Planner

Answer: D - Nonqualified vesting schedules pertain to executives within a company. These plans have few design restrictions regarding benefit structure, vesting requirements, or coverage, they are designed to defer the payment of income taxes by employees until benefits are paid out, employer deduction is deferred to the time of payout and deduction is matched to employee income, assets must be available to pay claims of creditors in order to avoid current taxation, and there is limited benefit security for participants.