Course Overview
This
intermediate-level course presents an overview of
objectives, principles, practices, rules and regulations
in retirement planning. It provides the foundation on
which qualified retirement plans are designed,
implemented and managed. This course does not cover
multi-employer, government, 403(b), or nonqualified
retirement plans in depth.
Who
Should Attend
This course is designed specifically for
compensation and benefits professionals seeking an
overview of qualified retirement plans. It is also
appropriate for those preparing to assume responsibility
for the detailed administration and management of these
plans, and for benefits practitioners whose specialized
knowledge is in areas other than pension management.
Course B2
is not designed to serve as a fundamental overview of
the entire field of employee benefits. It is recommended
that participants attend Course B1 prior to attending
B2.
Those with
no prior experience in the benefits field, or those who
do not understand and are not comfortable with the
information covered in Course B1, will find this course
too advanced.
What You
Will Learn
Retirement Income Needs and Sources
- Phased
retirement
- Social
Security overview
- Social
Security and employer-sponsored retirement plans
Employer-sponsored Retirement Plans
- Shift in
accountability
- Why
employers sponsor them
- Common
design considerations
-
Qualified vs. nonqualified plans
-
Responsibilities of individuals who operate the plan
-
Communication guidelines
Legal,
Regulatory and General Nondiscrimination Rules
- Legal
and regulatory entities
- Other
retirement plan guidance
- Tax
aspects of qualified and nonqualified plans
- DB & DC
nondiscrimination rules
Defined
Contribution (DC) Plan Design
- Types of
defined contribution plans
- DC plan
design
-
Exceptions to ADP/ACP testing
-
Automatic enrollment
-
Administrative considerations
- ADP/ACP
nondiscrimination rules
Defined
Benefit (DB) Plan Design
- Defined
benefit plan design
- Effect
of job change
- Social
Security integration
-
Administrative requirements
Hybrid
Plans
-
Comparative features of DC and DB plans
- Why
offer hybrid plans
-
Portability of retirement plans
- Cash
balance plans
- Pension
equity plans
Tax Laws
and Fiduciary Responsibilities
-
Deductibility of contributions
- Tax Law
Limits
- Plan
Distributions
-
Fiduciary issues and standards
Plan
Investment and Financing Issues
-
Objectives and components of an investment policy
- Role of
investment committee
- General
investment management guidelines
-
Financial education
- DB
funding and accounting
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