The Advisors Guide to 401(k) Plans

Course Description

This course has been developed to enhance the Advisor's 401(k) knowledge and provide updates on the most recent 401(k) plan guidance. With recent tax law changes, Department of Labor requirements and court settlements, this course extends beyond the basics to cover special 401(k) testing rules and design options, as well as, ERISA and fiduciary responsibilities of the "parties of interest."

Learning Objectives

Upon completion of this course the student will be able to:

  • Identify the various elements in setting up and operating 401(k) plans including the advantages and disadvantage for both the employer and the employee
  • Describe the contribution limits, the minimum participation requirements and vesting requirements
  • Manage the nondiscrimination rules and testing procedures for a 401(k) plan compliance
  • Recognize the various Safe-Harbor plans, their designs and benefits
  • Know the differences between a traditional 401(k) and a Designated Roth Account (DRAC)
  • Know the various distribution rules and how to calculate required minimum distributions for 401(k) plans
  • Outline the various ERISA and Fiduciary responsibilities
Price:  $19.95
Updated:  February 2020
CFP Credit
Credit Hours: 5
Credit Type: General Financial Planning Principles
Provider: Broker Educational Sales & Training, Inc.
Provider #: 2155
Study Level: Advanced
Exam Details
Monitored: No
Questions: 50
Passing Score: 70%
Retakes: Unlimited