Advanced Plan Design Options

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Eligibility and coverage rules

1 mins
Compensation measuring period

28 mins
Allocation to active / Terminated employees

35 mins
Class allocation profit sharing plan

46 mins
Self directed investments, What is a brokerage window

57 mins
Hardship distributions

74 mins
Life insurance in defined contribution plans

83 mins

Course Description

An employee retirement program is essential and costly at the same time. It is one of the heftiest endeavors that an employer has to put money on. But such programs are one of the virtual channels towards employee engagement in your organization. The benefits you offer will make or break your employee's decision to work for you.

So, investing in such a program is vital, or you can say it will form an essential part of your organization's foundation. On the other hand, employers offering these plans typically benefit from tax breaks. Also, sponsoring benefits is seen as a way to recruit and retain valuable employees

This year, more than ever before, employers see investments in health and retirement as an integral part of workforce strategy, increasing from 36% in 2019 to 45% in 2020. This is spurred in part by the COVID-19 pandemic, shining a light on the connection between employee health and well-being and overall business performance.

When you choose a retirement plan for your firm, you want flexibility in plan design that addresses your needs as a plan sponsor, as well as the needs of your plan participants.

This program will address the various options for retirement planning plan design including eligibility variations, carve out plans, identifying the employer(s), in addition to other useful alternatives in plan design to satisfy the goal of the plan sponsor.

Major Topics covered in this online Finance CPE webinar:

Eligibility and coverage rules
Compensation measuring period
Allocation to active/terminated employees
Two plan combinations
Leveraged defined benefit plan
Class allocation profit sharing plan
Top heavy provisions
Self-directed investments
Hardship distributions
In-service distributions
Life insurance in defined contribution plans
Life insurance in defined benefit plans

Attendees of this online continuing education course will learn what is behind the plan design options so they are able to suggest effective alternatives for their clients. It will put them a step ahead of most advisors that may be familiar with the basics but not the intricacies of those basics.

This CPE course will prove to be another tool in the toolbox!

Learning Objectives

To identify the employer
To determine common ownership and attribution rules
To identify the employees
To discuss two-plan combination
To determine unknown responsibilities of the plan administrator
To identify facts and circumstances for eligibility options

Recommended For

This CPE webinar is recommended for CPA, CMA, PFS, CSA, and Other Finance Professional who wishes to suggest unique solutions for client’s needs for sponsor retirement plans.

Who Should Attend?

Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Finance Pros
Personal Financial Specialist (PFS)
Wealth Management Advisor
Wealth Planner
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
2 CPD Credit of Retirement and Financial Independence Planning for Personal Financial Specialist (PFS)
2 CE Credit for Certified Senior Advisor (CSA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookeeper
2 PL Credit for Chartered Financial Analyst (CFA)
2 PL Credit for Certificate In Investment Performance Measurement (CIPM)
2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
2 CPE Credit for Chartered Financial Consultant (ChFC)
2 CPE Credit for Financial Services Certified Professional (FSCP)
2 CPE Credit for Chartered Advisor in Senior Living (CASL)
2 CPE Credit for Chartered Special Needs Consultant (ChSNC)
2 CPE Credit for Retirement Income Certified Professional (RICP)
2 CPE Credit for Wealth Management Certified Professional (WMCP)
2 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CPD Credit for Trust and Estate Practitioners (TEP)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Steve Abramson, CPC, CLU, ChFC

President, APS Pension and Financial

Stephen Abramson is the President and founding partner of APS Pension & Financial Services established in 1977, a mid-size consulting and actuarial firm employing twenty-two professional and support staff specializing in pension and pension-related services. For over 40 years, APS has been providing closely held businesses with financial services including pension design and administration, business succession planning, and wealth preservation planning. In 2015 APS Investment Management was established to provide fiduciary services to 401(k) and 403(b) plans and in 2018 APS Wealth Management, a Registered Investment Advisor (RIA), was established to provide investment management services to individual clients and retirement plans replacing his previous relationship with a Broker/Dealer. Steve has taught professional level education programs for the American Society of Pension Actuaries; lectured to various professional groups, including the National Conference of CPA Practitioners, The NYS Society of CPAs, Nassau Bar Association, the C.W. Post Tax Institute, and the National Institute of Pension Administrators; and conducted continuing education seminars for Certified Public Accountants for the past 35 years. He is co-author of Plan Smart, Retire Rich published by McGraw Hill in 1998; author of Advisor’s Guide to Qualified Plans originally published by Aspen Publishing in March, 2002 and recently in the process of being updated with the 8th edition, and Retirement Financial Management for Clients Approaching Retirement published by Aspen Publishing in August, 2002. A less technical version of Advisor’s Guide to Qualified Plans entitled Guide to Qualified Retirement Plans: A Plain Language Primer was published by the International Association of Employee Benefits in March 2005. The second edition of this book was released in 2008.

Steve graduated from Cornell University in 1964, earned the designation of Chartered Life Underwriter in 1967 from the American College, Certified Pension Consultant in 1970 from the American Society of Pension Professionals and Actuaries and Chartered Financial Consultant from the American College in 1972.

About Company

APS Pension and Financial

www.apspension.com

APS Pension & Financial Services Inc. (APS) is pleased to present our proposal to perform the annual administration for the Inck Consulting, Inc. Defined Benefit Plan and the Inck Consulting, Inc. Incentive Savings Plan.

APS was founded in 1977 exclusively as a Third Party Administrator (TPA). Today, APS Pension & Financial Services is a financial services consulting firm specializing in Retirement Plan Design, ERISA Fiduciary Services and Wealth Management. We are a certified Center for Fiduciary Excellence (CEFEX®) firm and adhere to the global fiduciary standards of the American Society of Pension Professionals & Actuaries (ASPPA) and CEFEX. Our staff all have long tenure with the firm and extensive knowledge in the retirement plan space. After 40+ years of working with businesses and individuals, we have likely seen most, if not all, issues as well as the solutions and strategies to improve outcomes.

APS is a full service actuarial and benefit consulting firm for hundreds of defined benefit and defined contribution plans. With a staff of 17 employees, APS offers a wide range of services including plan design and installation, plan administration, participation in IRS audits, and plan terminations.

Faq

FAQs content

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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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