Designing Qualified Plans - WA
Insurance Continuing Education in Washington
3 credit hours
If purchased today, this course must be completed by:
July 31, 2023 (303 Days)
CFP Certification Continuing Education
Professional Continuing Education
Designing Qualified Plans to Meet Employer Objectives introduces students to the elements of qualified plan design to meet the needs of business owners. It discusses qualified plan design issues as they apply to both large and small companies. The emphasis, however, is on small company plans—specifically, qualified plans for those employers who have fewer than 25 employees.
The treatment of qualified plan design begins with a discussion of the characteristics of particular qualified plans in order to provide a foundation for the student to understand, in a general way, what they can accomplish for an employer. The focus of the course then changes to an examination of the three areas that employers need to address in deciding on the right plan. Those three areas involve:
- What the plan should accomplish for the company
- Who the plan should favor
- How much can be allocated to pay for the plan
Following a discussion of these three general areas of employer concern, the course looks at how to identify employer objectives. Finally, the student’s attention is focused on the more analytical aspects of plan design: matching the common employer objectives with the appropriate qualified plan. At the conclusion of this course, the student can be expected to understand:
- The basis of suitable qualified plan recommendations
- The benefits that employers normally seek by establishing qualified plans
- The ways that plan design may differ for employers based on their size
- The basic characteristics of qualified plans
- How qualified plans meet specific employer needs
- How modifications to basic plans help qualified plan sponsors achieve their goals
- The importance of qualified plan data gathering
Rules for Washington Insurance Continuing Education
- This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
- Exam is open book.
- You must review the entire course before viewing or completing the exam. Access to the comprehensive final exam will be granted only after reaching the final page of the course material where you will be provided a secure material verification code that will grant you access to the exam.