Which of the following is the same between between nonqualified deferred compensation plans (NQDC) and qualified retirement plans?
O Employers are NOT required to fund liabilities of the plans and, thus, only deduct the actual payments rather than the expense accrued by employees.
O Employee contributions to the plans are tax deductible (i.e. paid with before-tax dollars).
O Both plans can be discriminatory and are often only provided to more highly compensated employees.