Description
Learn about pension, profit-sharing and 401(k) plans, as well as IRAs, Keoghs, and nonqualified deferred compensation. This course explains qualification and tax rules for each type of plan and examines each plan’s design from the perspective
of both employers and employees. Plan installation, administration, and termination are fully explained.
Learning Objectives
1. Distinguish between qualified, government, non-qualified, and private tax-advantaged retirement plans.
2. Describe the characteristics of the various types of defined benefit, defined contribution and individual retirement accounts.
3. Identify the opportunity to provide non-qualified benefits for business owners and key executives.
i. Section 162 Executive Bonus Plan
ii. Non-Qualified Deferred Compensation
4. Explain the tax implications of qualified plans to the employer and employee.
5. Explain the rules of qualified retirement plans including eligibility, coverage and discrimination, funding and contribution, distribution, vesting, and termination of plans.
6. Explain the fiduciary responsibilities of employers with respect to the investments in their firm’s qualified plan under ERISA.