Final answer:
Compensation includes surrender charges, trailing commissions, and non-trivial economic benefits but not trivial economic benefits.
Step-by-step explanation:
Compensation, by definition, refers to the total package of benefits and rewards that an employee receives in exchange for their work. It can include various forms of financial and non-financial benefits.
In the context of the given options, all of the choices mentioned except for trivial economic benefit can be considered components of compensation.
Surrender charges are fees associated with canceling financial products such as insurance or annuity contracts.
Trailing commissions are ongoing fees paid to financial intermediaries, such as brokers or advisors, for their role in selling and servicing financial products.
Non-trivial economic benefit [12(b)1 fees] refers to fees associated with mutual funds, typically deducted from the funds' assets to cover distribution and marketing expenses.