Qualified Retirement Plans

Course Number: ABA

Course Code: ABA

Explains the Internal Revenue Code (IRC) requirements for qualified retirement plans. Describes the two categories of qualified plans—defined benefit plans and defined contribution plans. Describes the features and benefits of defined contribution plans. Explores common types of defined contribution plans offered by small businesses and large organizations. Explains the tax treatment of qualified plan benefits, the methods and requirements for distributing retirement resources in a timely and tax-effective manner, the impact on the estate plan of naming various beneficiaries, and the post mortem payout requirements.

What You’ll Learn

After completing this course, students will be able to:

  • Explain the two categories of qualified retirement plans, general plan requirements, and requirements for participation and coverage, contribution and benefit limits, vesting, and distributions
  • Describe features and benefits of defined benefit plans
  • Describe features and benefits of defined contribution plans and common types of these plans
  • Explain the favorable tax treatment of qualified retirement plans and common related administrative issues

Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

Prerequisites: None

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Member Price: $135.00
Non-Member Price: $185.00
Textbook Charge: $0.00

Credits: 1.00 CISP, CRSP, CTFA

Length: Approximately 50 minutes

ABA Training