Program Description:
This AIB course discusses the various types of qualified
and nonqualified retirement and benefit plans. It
reviews the evolution of defined contribution plans,
government mandates for establishing these plans,
client suitability and basically how these types of plans
work. The following defined contribution plans are
covered: profit sharing, cash or deferred arrangements/401(k), ESOP, stock bonus, 403(b), and
SIMPLE. Defined benefit type pension plans, including:
defined benefit, target benefit, cash balance, and 457
government plans, are reviewed as well. Regulatory
requirements for establishing these types of plans and
client suitability will be reviewed. In addition, to a lesser
extent, this course covers the various types of Individual
retirement Accounts, and Section 125 Cafeteria plans
and VEBAs and how they may be established and used
by clients and individuals as tax saving vehicles.
After successfully completing this course, the student will be able to:
- Describe the makeup of various types of defined
contribution plans and how they work
- Describe the makeup of various types of defined
benefit pension plans and how they work
- Explain why qualified and nonqualified plans
are established
- Describe the differences between qualified and
nonqualified plans
- Understand the various types of IRAs and how they
work
- Explain the basics about how welfare benefit
plans operate
- Discuss the distinguishing characteristics of qualified
and nonqualified plans and client suitability
Who Should Attend:
Entry to mid-level retirement and benefit services
professionals who provide client service, operational
support or investment management to corporations
sponsoring retirement plans. Also suitable for client
plan sponsors.
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