2019 PROFESSIONAL DEVELOPMENT

Transcription

1 2019 PROFESSIONAL DEVELOPMENT EOB For more information, contact

2 2019 PROFESSIONAL DEVELOPMENT INTRODUCTION ASPPA: AMERICAN SOCIETY OF PENSION PROFESSIONALS & ACTUARIES ASPPA is a part of the American Retirement Association, the premier national organization for retirement plan professionals with more than 20,000 members. Based in the Washington, D.C. area, ASPPA is a non-profit professional organization with two major goals: to educate retirement plan professionals, and to create a framework of public policy that gives every working American the ability to have a comfortable retirement. ASPPA offers extensive educational opportunities, including credentialing, certificate and continuing education programs, conferences, networking opportunities, and research resources. CONTACT INFORMATION TEAM SAMteam@asppa.org JAKE LINNEY Director, Key Accounts x MIRANDA FERNANDO Director, Key Accounts x184 mfernando@usaretirement.org jlinney@usaretirement.org 2

3 INTRODUCTION 2019 PROFESSIONAL DEVELOPMENT EDUCATIONAL PATH STAGE 4 CPC Advanced credential. Practical application of technical skills through developing consulting and research techniques Intermediate credential. Advanced technical skills for all types of plans. QPA STAGE 3 The QKA, QPA, and CPC require continuing education credits to further supplement and refine your employees knowledge. Webcasts will help you earn CE. EOB Resource and research companion for all pension experts. STAGE 2 QKA Intermediate credential. Recordkeeping, testing, administration of plans, and 401(k) technical skills. STAGE 1 RPF Beginning certificate. Concepts & Language 3

4 2019 PROFESSIONAL DEVELOPMENT TRAINING ROADMAP BEGINNING CERTIFICATE PROGRAM RPF The RPF course is for people starting in the 401(k) industry and teaches how retirement plans work and lays the foundation for a successful career as a 401(k) professional. The RPF course is an online open-book course full of real-life examples, printable resources and interactive practice activities. RPF MODULES The RPF Modules is an online, interactive course divided into 6 easy to navigate modules. The course material is open book and study time is approximately hours. What it s about: Foundational knowledge and the groundwork of retirement plan terminology and requirements. Who it s for: Individuals who are new to the retirement industry or who want to start their path to earning a credential. What it takes: Pass six online modules. Exam details: Open-book, online, untimed questions per module Multiple choice and multiple response questions Module 1: The Lifecycle of a Plan Benefits of offering and participating in employer- sponsored retirement plans Plan provisions and features Module 2: Contributions Determining eligibility and entry dates Enrollment Contribution types Module 3: Distributions Distributable events Notices and consents Taxation and reporting Module 4: Participant Loans Laws that govern participant loans Requirements for written loan provisions Determining loan eligibility Calculating the maximum loan amount Module 5: Testing Highly compensated employees Minimum coverage testing Annual contribution limits Nondiscrimination testing Top-heavy testing Module 6: New Business Conversion types & timelines Coordinating responsibilities Blackout period and blackout notice RPF MODULE PACKAGE PRICING 1-50 Modules $495 each Modules $450 each Modules $420 each 200+ Modules $400 each Unlimited Access Custom 4

5 TRAINING ROADMAP 2019 PROFESSIONAL DEVELOPMENT The DC 1&2 courses help your staff develop the technical skills that make 401(k) plans easier to work with and advance their expertise as a 401(k) professional. The DC-1 and 2 course study guides are developed from the ERISA Outline Book which is the authoritative resource for retirement plans - and enhanced with practical examples that show how the techniques are applied every day. Each course is has a 65-question exam where they receive feedback of what topics they excel in and what areas need improvement. INTERMEDIATE CREDENTIALS QKA QKA What it s about: Technical skills used to administer and operate 401(k) plans. Who it s for: Plan account managers, junior compliance testers, and team leaders. What it takes: Earn the RPF Certificate first. Then pass two proctored exams, DC-1 and DC-2 The DC-2 proctored examination focuses on contribution allocation methods, ADP/ACP testing, and 401(k) distributions. Exam details: 65 multiple-choice questions 2.5 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade What s in DC-1 and DC-2: The DC-1 proctored examination focuses on HCEs, eligibility, coverage testing, and top heavy testing. EXAM DETAILS Exam Completion Time Grade Notification Test Type DC Hours Immediate Proctored DC Hours Immediate Proctored PROCTORED EXAMINATION PRICING 1-25 Non-Member Rate $ Member Rate $ Rate $245 STUDY GUIDE PRICING Exam Unlimited Distribution PDF DC-1 Study Guide $2300 DC-2 Study Guide $2300 PRACTICE EXAM PRICING Exam Unlimited PDF Distributable Unlimited 3-attempt online DC-1 Practice Exam $585 $870 DC-2 Practice Exam $585 $870 5

6 2019 PROFESSIONAL DEVELOPMENT TRAINING ROADMAP DEFINED CONTRIBUTION ONLINE MODULES The Defined Contribution Online Modules provide training that allows students to fill gaps in their existing knowledge with topic-related curriculum. Plus, you will receive CE for the completion of every module. DC-1 AND DC-2 MODULES What it s about: Technical skills used to administer and operate 401(k) plans. Who it s for: People who have completed RPF, also credential holders that need a refresher in DC-particular topics and need CE. What s in the new modules: Each module includes content designed by retirement plan experts, practice activities, printable resources, and practice questions! DC-1 MODULES Module 1: Plan Qualification Requirements Module 2: Types of Plans Module 3: Requirements for Eligibility and Participation Module 4: Highly Compensated Employees Module 5: Key Employees and Top-Heavy Plans Module 6: Requirements for Coverage Module 7: Defined Contribution Plans: Contributions and Allocations Module 8: Deductions Module 9: Requirements for Vesting Module 10: Plan Amendments and Terminations Module 11: Annual Reporting Requirements DC-2 MODULES Module 1: 401(k) Basics Module 2: 401(k) Coverage and Nondiscrimination Module 3: Correction of Failed ADP/ACP Tests Module 4: Special Coverage and ADP/ACP Testing Module 5: Safe Harbor 401(k) and 401(m) Plans Module 6: Participant Investment Direction Module 7: Allocation Methods Module 8: Distributions Module 9: Taxation Module 10: Participant Loans Common Module for DC-1 and DC-2: Code of Professional Conduct DEFINED CONTRIBUTION MODULE PACKAGE PRICING Modules $35 each Modules $30 each 250+ Modules $25 each 6

7 TRAINING ROADMAP 2019 PROFESSIONAL DEVELOPMENT The DC-3 course develops the advanced technical skills that all 401(k) experts use daily, and builds on the competencies presented in DC-1 and 2, providing the complete picture on how to work with all sorts of defined contribution plans. The DB course teaches how to administer defined benefit pension plans in an easy non-actuarial manner. This course presents the skills necessary for day-to-day administration without overcomplicating defined benefit plans. INTERMEDIATE CREDENTIALS QPA QPA What it s about: Technical administration, compliance and reporting functions for all types of qualified plans. Who it s for: Large plan account managers, project managers, compliance testers, ERISA researchers, DB benefit team leaders, and DC team leaders. What it takes: Earn the QKA first. Then pass the DB & DC-3 proctored exams. What s in DC-3 and DB: The DC-3 proctored examination focuses on types of employers, employee-employer relationships, compensation testing, average benefits trust, general non-discrimination testing, and distributions. QPA Exam Details: 50 multiple-choice questions 2 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade The DB examination focuses on DB administration. DB Exam Details: 60 multiple-choice questions 2.5 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade EXAM DETAILS Exam Completion Time Grade Notification Test Type DC-3 2 Hours Immediate Proctored DB 2.5 Hours Immediate Proctored PROCTORED EXAMINATION PRICING 1-25 Non-Member Rate $ Member Rate $ Rate $245 STUDY GUIDE PRICING Exam Single Copy Unlimited Distribution PDF DC-3 Study Guide $345 $2300 DB/DB-A Study Guide $345 $2300 PRACTICE EXAM PRICING Exam Unlimited PDF Distributable Unlimited 3-attempt online DC-3 Practice Exam $585 $870 DB Practice Exam $585 $870 7

8 2019 PROFESSIONAL DEVELOPMENT TRAINING ROADMAP ADVANCED CREDENTIAL CPC The Certified Pension Consultant (CPC) is the culminating designation for the non-actuary ASPPA member. The CPC courses teach how to research and consult on the most complex retirement plan issues. Whether it is designing plans, fixing plans or explaining how or why a plan works, the CPC designation shows that an ASPPA member is at the top of their field professionally. CPC What it s about: Expert level knowledge in qualified plans developed through research and consulting practices Who it s for: Consultants, relationship managers, ERISA attorneys, ERISA research leads, technical specialists, and project managers. What it takes: Earn the QPA first. Then pass the CPC Proctored exam and 6 online modules (4 core and 2 elective). Core Modules (must complete): 1. Distributions & Loans 2. Investments 3. Fiduciary Topics 4. Related Groups Elective Modules (must complete two): CPC Module Details: Study material and online examination included in each module Multiple choice questions that reflect real-life situations from consulting practice Complete modules at your own pace; updated and offered semi-annually CPC Examination Details: Test consulting skills through real life plan scenarios Essay exam 4.5 hours to complete Proctored, delivered at Prometric testing centers Results mailed to candidates 8-10 weeks after exam 1. ESOPs 2. Governmental & Tax-Exempt Plans 3. Nonqualified Plans 4. Cash Balance CPC MODULE PRICING Member Core Module Package $484 CPC Elective Modules $160 CPC Exam $440 CPC Practice Exam $60 CPC Distributable Practice Exam $585 8

9 TRAINING ROADMAP 2019 PROFESSIONAL DEVELOPMENT ERISA OUTLINE BOOK (EOB) ONLINE LICENSES THE ERISA OUTLINE BOOK ONLINE LICENSES The ERISA Outline Book is the resource and research companion for all ERISA items.the online edition of The EOB is a fully searchable and cross-referenced website with all the Print Edition s information. Each Online Edition subscription provides 12 months of full access to the website. Benefits of the Online Edition: Updated quarterly Easy to navigate Take notes and bookmark content Print easily Sal L. Tripodi, J.D., LL.M. EOB PRICING 3-User $1,830 5-User $3, User $6,940 Unlimited User $18,995 Regular Ground Shipping (per book) $35 Unlimited includes the option for print copies at $200 each 9

10 2019 PROFESSIONAL DEVELOPMENT WEBCASTS WEBCASTS WEBCAST TOPICS INCLUDE: ASPPA hosts around 30 webcasts each year covering robust topics such as: technical areas, general administration, law and regulation changes, ethics, and more. Each webcast is worth up to 2 hours of CE. Recorded webcasts are available for a year after the recording date. Top Webcasts from 2017 Rules and Timing of Death Distributions Taking the Perspiration Out of Compensation Ethics: Doing the Right Thing in Difficult Situations Form 5500 Update Rehired Employees: How to Safely Work with Boomerangs Ethics, Fiduciary Duty, Errors, and Omissions Terminating 401(k) and Other Defined Contribution Plans Say it Ain t So: Real Life EPCRS Case Studies You Just Can t Make Up! Advanced Testing: 410(b) Coverage Testing of Combo Plans, ESOPs, and 403(b) Plans Advanced Testing II: Coverage and Non-Discrimination Testing Webcasts help your employees EARN CE to stay credentialed. They will keep informed on law changes, new regulations, advanced tech skills, best practices, and more! WEBCAST PRICING 20-CE Webcast Package $11,850 Unlimited Webcast Package $27,320 10

11 PRICING SUMMARY 2019 PROFESSIONAL DEVELOPMENT RPF MODULE PRICING 1-50 Modules $495 each Modules $450 each Modules $420 each 200+ Modules $400 each Unlimited Access Custom PROCTORED EXAMINATION PRICING 1-25 Non-Member Rate $ Member Rate $ Rate $245 STUDY GUIDE PRICING Exam Single Copy Unlimited Distribution PDF DC-1 Study Guide $2300 DC-2 Study Guide $2300 DC-3 Study Guide $345 $2300 DB/DB-A Study Guide $345 $2300 Unlimited Distributable Study Guide Package Including all PDF Study Guides above - available for $8,250 PRACTICE EXAM PRICING Exam Unlimited PDF Distributable Unlimited 3-attempt online DC-1 Practice Exam $585 $870 DC-2 Practice Exam $585 $870 DC-3 Practice Exam $585 $870 DB Practice Exam $585 $870 CPC $ Unlimited PDF Distributable Package $2, Unlimited 3-Try Online Distributable $3, DEFINED CONTRIBUTION MODULE PACKAGE PRICING Modules $35 each Modules $30 each 250+ Modules $25 each 11

12 2019 PROFESSIONAL DEVELOPMENT PRICING SUMMARY CPC MODULE PRICING Product Member Core Module Package $484 CPC Elective Modules $160 CPC Exam $440 WEBCAST PRICING 20-CE Hour Webcast Package $11,850 Unlimited Webcast Package $27,320 EOB PRICING 3-User $1,830 5-User $3, User $6,940 Unlimited User $18,995 Unlimited includes the option for print copies at $200 each 12

13 NOTES 2019 PROFESSIONAL DEVELOPMENT 13

14 For more information, contact