Description
CPFA was created by retirement plan advisors for advisors. NAPA advisors wanted a course and designation that focused on ERISA issues, from fiduciary requirements to plan design to investment and fiduciary best practices. The exam cram is a four (4) hour live session led by a NAPA instructor, covering content from the Certified Plan Fiduciary Advisor Online Course in the form of relevant case studies.
Learning Objectives
Explore the roles and responsibilities of a fiduciary under ERISA.
Identify actions that might establish a fiduciary relationship.
Identify required documentation for maintaining plan records.
Identify elements of fiduciary best practice and fiduciary oversight.
Explore the goals and objectives of the Plan Sponsor based on their business structure, plan design, budget, and other factors.
Understand plan types and provisions, participant outcomes, and service provider selection.
Understand the fiduciary’s role in the area of plan investment, such as risk/return, asset classes, diversification of investments, QDIA rules, and allocation funds models.
Understand the investment policy statement; its creation, maintenance, and best practice.
Identify plan investment oversight strategies and procedures.
Learn about liaison services – the daily activities required by plan administrators while interacting with service providers;
Identify the duties, processes, and best practices as they relate to the retirement plan committee.
Describe an advisor’s role in coordinating timeline and service providers during conversions.