AIB Retirement Plan Services - Plan, Type & Design
Course Code: 8201
Length: 6 Weeks
Audience: This course is designed for entry 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 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.
Objectives: After successfully completing this program, you 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.
Text Book: All reading materials are delivered online.
Recommended Course Credits: AIB: 1.0
Prerequisites: None
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.