Donate
Description
This course is designed to teach the basic requirements for a retirement plan to be qualified including the tax benefits and the ramifications of losing tax qualified status. The course covers required plan language as well as discretionary options a plan sponsor may choose to include in a plan. In addition the course illustrates the various types and features of qualified plans including employer eligibility, plan establishment, contributions/benefits, and vesting. The course also demonstrates the maximum contribution limits available for the various types of qualified plans.
Learning Objectives
-List the benefits of plan qualification.
-Differentiate between a prototype plan and a custom designed plan.
-Demonstrate an understanding of plan provisions which are mandated by law or regulation.
-Identify which plan provisions can be considered as options, and the implications of selecting each to be included in a plan’s design.
-List the various types of qualified plans and available features.
-Demonstrate an understanding of the maximum contribution limits.