Small Business Retirement Plans and Ethical Practices


Course Description

Small businesses constitute an essential element of the U.S. economy. Approximately 30 million small businesses operate in the United States, making up the vast majority of employer firms in the country. Collectively, these small businesses employ nearly 80 million workers or approximately half of all private sector employees.

This course provides a comprehensive overview and analysis of small business arrangements and the retirement benefit plans available to each. It examines the characteristics and advantages of employer sponsored IRAs, Payroll Deduction IRAs, Qualified Retirement Plans, Defined Contribution/Benefit Plans, 401(k) plans, Keogh Plans. The course concludes with a section discussing ethics, regulation of the insurance industry and unfair trade and marketing practices.

Learning Objectives

Upon completion of this course, you will be able to:

  • Identify Small Business structures recognized by the IRS
  • Understand the pros and cons of purchasing life insurance in a 401(k) plan
  • Identify all applicable rules and fiduciary responsibilities
  • Compare 401(k) plans, Simplified Employee Pension IRAs and Simple IRAs
  • Recognize appropriate tax advantaged investments
  • Apply the Suitability Model Regulation when recommending and selling annuities
  • Describe insurance industry regulations
  • Cite unfair marketing practices
  • Outline ethical dilemmas
  • Summarize the provisions of the Secure Act
Price:  $54.95
Updated:  February 2020
CFP Credit
Credit Hours: 10
Credit Type: Retirement Savings and Income Planning
Provider: Broker Educational Sales & Training, Inc.
Provider #: 2155
Study Level: Advanced
CIMA Credit
Credit Hours: 10/2/1
Credit Type: Wealth Management, Ethics and Tax Regulation
Provider: Broker Educational Sales & Training, Inc.
Provider #: 114861
Study Level: Advanced
Exam Details
Monitored: No
Questions: 100
Passing Score: 70%
Retakes: Unlimited