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330

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Law

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Jan 9, 2024

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docx

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Question 10 1 out of 1 points Which of the following statements concerning rabbi trusts is(are) correct: Selected Answer: Answers: rust is a trust established and sometimes funded by the employer that is subject to the claims of the employer's creditors, butany funds in the trust cannot generally be used by or revert back to the employer. 91 Arabbi trust is a trust established and sometimes funded by the employer that is subject to the claims of the employer's creditors, butany funds in the trust cannot generally be used by or revert back to the employer. 2. Arabbi trust can only be estabiished by a religious organization. 3. Arabbi trust cals for an irevocable contribution from the employer to finance promises under a nonqualified plan, and funds held within the trust cannot be reached by the employer's creditors. 4. Arabbi trust can only be established for a member of the clergy. v 5. All of these choices are correct
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