Which of the following is NOT considered an Employee Benefit Plan?

In the context of employee benefit plans, key person insurance is distinctly different from the other options listed. Employee benefit plans are typically arrangements that provide various benefits to employees as part of their compensation package, often focused on enhancing employee welfare or securing their financial future.

Key person insurance functions primarily as a means for a business to protect itself against the loss of crucial personnel, such as executives or highly skilled employees. The policy is owned by the business, which pays the premiums and is the beneficiary of the policy in the event of the key person's death. This type of insurance is not structured as a benefit available to the employee; rather, it serves the interests of the employer, making it fundamentally different from benefits that are designed to be provided to employees, such as deferred compensation, split dollar plans, or salary continuation plans.

In contrast, the other options are types of plans that confer direct benefits on employees. Deferred compensation plans allow employees to postpone receiving a portion of their income, key for tax planning and savings. Split dollar plans involve the sharing of a life insurance policy's benefits between the employer and employee. Salary continuation plans provide income to employees if they become incapacitated or unable to work for a certain period.

Thus, key person insurance stands out as the option