B2: Retirement Plans — Design Considerations and Administration (U.S.)
Retirement Plans — Design Considerations and Administration
Drill Down into Retirement Principles
With retirement plan offerings, today’s HR professionals have the burden of minimizing their organization’s risks while ensuring employees are benefiting from and contributing to their plan. This course provides an introduction to retirement plans and focuses on the design and administration of defined contribution plans from a strategic perspective. Fiduciary responsibilities and plan investment and financing are discussed along with plan auditing and evaluation.
Examine the alignment of retirement plan objectives with organizational strategy.
Discuss defined contribution plan types.
Learn key aspects of 401K plans.
Review fiduciary requirements for retirement plans and understand general investment and financing guidelines.
Discuss auditing retirement plans to evaluate the effectiveness, financial performance and plan delivery.
Learn considerations for integrating retirement plans in the case of a merger or acquisition.
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Aligning retirement plans with organizational strategies
Objectives of employer-sponsored retirement plans
Retirement income needs and sources
Employer-sponsored retirement plans
Qualified vs. nonqualified plans
Qualified plans
Employer-Sponsored Retirement Plans
Evolution of employer-sponsored retirement plans
Characteristics of defined contribution (DC) plans
Types of DC plans
Hybrid plans
Plan Design Considerations
Plan design considerations
Retirement plan regulations
Compensation
Design components of DC plans
Contributions
Vesting
Distributions
Comparison of the characteristics of various elective contributions
Nondiscrimination Tests
Nondiscrimination rules — terminology
Nondiscrimination rules
Nondiscrimination testing
Social Security integration
New comparability plans
Fiduciary Responsibilities, Plan Investment and Financing
Stakeholder responsibilities
Fiduciary issues
Financial education vs. financial advice
ERISA Section 404(c) regulations
Role of retirement plan committee
Plan Administration
Assessing needs of the workforce
Assessing plan competitiveness
Auditing
Implementing Changes in Retirement Plans
Advising management of retirement plan trends
Obtaining management approval
Retirement plan merger options
Considerations for integrating plans
Integration of assets and contributions
Protected benefits
Unprotected benefits
More considerations or integrating plans
Who Should Register
This course contains U.S specific content designed specifically for human resources professionals seeking an overview of defined contribution retirement plans and those preparing to assume responsibility for the detailed administration and management of these plans.
Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $150 USD fee when purchased before the original access expires. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study materials and all e-learning product purchases are nonreturnable.
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Course Credits
