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B2: Retirement Plans — Design Considerations and Administration (U.S.)

Retirement Plans — Design Considerations and Administration
Certification Exam: B2*

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 intermediate-level 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.

Who Should Attend

This course is 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.

What You Will Learn

Introduction to Retirement Plans

  • Retirement – income needs and sources
  • Employer-sponsored retirement plans
  • Qualified and nonqualified plans
  • Aligning retirement plans with organizational strategies
  • Objectives of employer-sponsored retirement plans

Employer-Sponsored Plans

  • Characteristics of defined contribution plans
  • Types of defined contribution plans
  • Portability of retirement plans
  • Hybrid plans – Target benefit and cash balance

Defined Contribution Plan Components

  • Retirement plan regulations
  • Design components of DC plans
  • Contributions
  • Taxation and timing of distribution

Nondiscrimination Tests

  • Plan qualification requirements
  • ADP/ACP nondiscrimination tests
  • Corrective actions for ADP or ACP test failure

Fiduciary Responsibilities and Plan Investment and Financing

  • Fiduciary issues
  • Financial education vs. financial advice
  • Role of retirement plan committee
  • Investment policy
  • General investment management

Audits and Evaluation

  • Why benefits professionals collect and use data
  • Plan assessment
 

Implementing Changes in Retirement Plans

  • Advising management of trends and developments
  • Obtaining management approval
  • Integrating retirement plans following a merger or acquisition


Credits 
CBP: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
CFP: 16 credits
PHR/SPHR/GPHR recertification hours: 16 (classroom); 14 (live online)

Faculty/Course Contributors
Course book amendments
Test your knowledge

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

Fees and Registration Registration Policies

Go Green! E-binder option now available. See below for pricing and details.
 
Instructor-Led Traditional Classroom
Two-day Instruction
Course & Computer-based Certification Exam: $1,645 USD*  |  Member $1,125 USD
Note: Participants may schedule their exam through Computer-Based Testing.
Schedule/Registration
Course Only: $1,480 USD * | Member $990 USD
Schedule/Registration
Self-Paced E-Learning and Certification Exam
Online Course, Binder & Certification Exam
About this option
30-day Access:  $1,655 USD  |  Member $1,175 USD
Add to Cart
60-day Access:  $1,880 USD  |  Member $1,350 USD
Add to Cart
120-day Access:  $2,365 USD  |  Member $1,700 USD
Add to Cart
Self-Paced E-Learning and Certification Exam – Green Option
Online Course, e-Binder & Certification Exam
About this option
30-day Access:  $1,540 USD  |  Member $1,095 USD
Add to Cart
60-day Access:  $1,755 USD  |  Member $1,260 USD
Add to Cart
120-day Access:  $2,200 USD  |  Member $1,585 USD
Add to Cart
Self-Paced Study Material and Certification Exam About this option
Course Binder Only: $690 USD * | Member $460 USD (Plus shipping & handling.)
Add to Cart
Course Binder and Computer-Based Certification Exam:
$1,400 USD * | Member $995 USD (Plus shipping & handling.)
Add to Cart
Computer-Based Certification Exam Only: $880 USD * | Member $625 USD
Add to Cart

*WorldatWork Society of Certified Professionals, an affiliate of WorldatWork, administers the exams required for attaining the prestigious Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), Global Remuneration Professional (GRP),  Work-Life Certified Professional (WLCP), Certified Sales Compensation Professional (CSCP) and Certified Executive Compensation Professional (CECP) designations. The Society is a separate not-for-profit legal entity with its own Board of Directors appointed by the WorldatWork Board of Directors and was formed to provide a focus on certification. Certification exams are administered and designations are issued by the Society; all educational courses/self study are administered by WorldatWork.

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 binder and all e-learning product purchases are nonreturnable.

WorldatWork classroom locations offer e-binder technology to participants. Your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-binder PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.

Live instructor-led class registrants, you will receive your course binder prior to the first day of class. Self-paced e-learning course purchasers now have the option of print or e-binders. Those who choose the e-binder option will receive the binder electronically for the length of your e-learning program. Those who choose the print version of the course binder will receive it  5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.

Please visit www.worldatwork.org/seminars to download course binder amendments, view class rosters and to find out what to bring to your class.

*Join now and receive the best value. This includes both a one-year WorldatWork Premier membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.