_____ do not adhere to strict tax regulations, cover only select groups of employees, and do not receive favorable tax treatment.

A) Qualified retirement income plans
B) Administered benefit packages
C) Cafeteria incentive plans
D) Nonqualified retirement income plans
E) Nonparticipative retirement income plans

Qualified Retirement

A retirement plan that meets requirements set by the Internal Revenue Code, offering tax benefits such as tax-deferred growth on earnings.

Tax Regulations

Comprise the laws and rules governing how taxes are assessed, collected, and managed by governmental entities.

Favorable Tax Treatment

Tax policies or practices that are advantageous to businesses or individuals, reducing the amount of tax they have to pay.