Bolstering Expertise: 403(b) and 457(b)

Learning Objectives

• To discuss the unique features and distinctions between 403(b) and 457(b) plans compared to traditional 401(k) offerings.
• To analyze the regulatory landscape governing 403(b) and 457(b) plans, exploring compliance requirements and recent updates.
• To explain advanced investment strategies tailored to optimize participant outcomes within 403(b) and 457(b) plans.
• To discuss and foster participant engagement through innovative educational approaches, empowering informed decision-making for better retirement readiness.
• To equip 401(k) administrators with comprehensive insights and skills to become industry leaders in managing 403(b) and 457(b) plans effectively.

Course Description

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

Embark on an exciting exploration into the world of retirement planning with our exclusive webinar designed specifically for 401(k) administrators. Throughout this CPE course, we will delve deeply into the complexities of 403(b) and 457(b) plans, offering invaluable insights that will bolster your expertise and provide a comprehensive understanding of these unique retirement vehicles. We aim to equip you with strategies that optimize participant outcomes and position you as a frontrunner in this dynamic field.

The learning journey begins by uncovering the distinctive features and structures of 403(b) and 457(b) plans, providing an in-depth understanding of how these plans differ from the traditional 401(k) offerings. We'll explore the nuances that make these plans powerful tools in the retirement savings landscape, empowering you to leverage their unique advantages for enhanced participant benefits.

Navigating the regulatory landscape governing 403(b) and 457(b) plans can often be daunting. Our webinar aims to demystify this terrain by delving into compliance requirements, recent updates, and best practices. By gaining a comprehensive understanding of the evolving legal framework, you'll be well-equipped to ensure seamless plan administration.

This Finance CPE Webinar will also dive into advanced investment strategies meticulously tailored to suit the unique characteristics of 403(b) and 457(b) plans. You'll learn to navigate these plans' intricacies strategically, optimizing investment options and aligning portfolios with long-term retirement goals to enhance participant outcomes significantly.

Major Topics Covered:

• Introduction to 403(B) and 457(B) Plans
• Understanding Early Withdrawal Penalties
• Contribution Limits 403(B) and 457(B)
• Compliance Requirements for 403(B) Plans
• Case Study 401K - Microsoft

Lastly, discover innovative approaches to participant education and engagement within the realm of 403(b) and 457(b) plans. Equipping yourself with tools to empower participants in making informed decisions will foster better retirement readiness and overall financial wellness. This online course by Drew Stevens promises to be a transformative experience, providing essential knowledge and skills to elevate your role as a proficient 401(k) administrator.

Overview

• Introduction to 403(B) and 457(B) plans

  5 mins
• Unveiling investment options in 403(B) and 457(B) plans

  19 mins
• Understanding distributions from 403(B) and 457(B) plans

  25 mins
• Rollover flexibility in 403(B) and 457(B) plans

  33 mins
• Case study - Mayo clinic

  48 mins