Explains the Internal Revenue Code (IRC) requirements for qualified retirement plans. Describes the two categories of qualified plansdefined 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: