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 benefits
C)top-heavy provisions in employer-sponsored qualified retirement plans
D)top-heavy provisions in employer-sponsored health insurance plans

Question

Quizplus · Accepted Answer

The term "key employees" is used by the IRS in the context of top-heavy provisions in employer-sponsored qualified retirement plans. These provisions are designed to ensure that the benefits under the plan do not disproportionately favor the company's higher-earning employees, including officers, owners, and certain highly compensated employees.

For Which Reason Does the IRS Use the Term "Key