Designing Qualified Plans - MN
Insurance Continuing Education in Minnesota
3 credit hours
If purchased today, this course must be completed by:
February 29, 2024 (148 Days)
CE for CFP® Professionals
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 Minnesota Insurance Continuing Education
- Courses approved for online learning will have material that may not be downloaded. Correspondence courses will have materials available as PDF and/or a physical textbook.
- Exam is closed book.
- License education credit will not be awarded for taking a course after it loses its status as an approved course.
- For Online interactive courses there is no proctor required. For Correspondence courses, this state requires a proctor. Correspondence courses will display that a proctor is required on the details page of the course and also upon entering the learning platform you will see "Proctor Required" on the bottom right of your navigation screen.
- If required - Who May Proctor Your Exam: the exam must be proctored by a DISINTERESTED THIRD PARTY WITH NO CONFLICT OF INTEREST.