AIB Retirement Plan Services - Laws & Regulations
Course Code: 8202
Length: 6 Weeks
Audience: This course is designed for entry to mid level retirement services and benefit services professionals who provide client service, operational support, or investment management to corporations sponsoring retirement plans. Also suitable for client plan sponsors.
Description: This course discusses the various laws, regulations, governing bodies, and legal documentation required in the sponsorship and servicing of qualified plans. A practical look at ERISA as it applies to fiduciary responsibilities, what is permitted, what types of reporting are required, and general nondiscrimination rules in the daily operation of qualified plans are reviewed. The various documents required to setup a plan and a trust, defining the various duties and responsibilities are reviewed. Internal Revenue Service requirements regarding contribution and benefit limits, nondiscrimination testing, participant recordkeeping and distributions are discussed. Other regulatory agencies, such as the OCC, SEC, and the PBGC and their requirements will be discussed to a lesser extent.
Objectives: After successfully completing this program, you will be able to:
- Describe the practical application of ERISA and the IRC.
- Identify when certain activities are exempt from prohibited transaction rules.
- Review and understand a trust document.
- Identify what documentation is required to establish a plan.
- Describe, testing requirements, in general terms.
- Describe how distributions from qualified plans work.
- Explain the governance of the OCC and SEC with respect to qualified plans.
- Define the rules and filings required by the PBGC.
Text Book: All reading materials are delivered online.
Recommended Course Credits: AIB: 1.0
Prerequisites: Understanding of qualified and nonqualified retirement and benefit plans
Required software: Microsoft Internet Explorer Browser 6.0 or higher or Netscape Browser 6.2 or higher
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.