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Retirement Plan / 401(k) Training

Need Retirement Plan Training / 401(k) Training?

Do you need 401(k) training, Defined Benefit training, or other type of Retirement Plan training? If so, then you've come to the right place.Retirement Plan Training

Our Retirement Plan training courses help you to become familiar with the rules, regulations, and requirements of selling, setting up, and/or administering a plan.

AB Training Center offers Retirement Plan Certification training and 401(k) Training and Certification programs for both organizations and individuals in a variety of training formats.

For instance, we offer the following Retirement Plan education: online Retirement Plan training, in-person Retirement Plan seminars and workshops, and Retirement Plan audio conferences, webcasts and webinars.

What Is A Retirement Plan?

A retirement plan is a financial arrangement that provides income upon retirement. These plans may be set up by employers, insurance companies, or other institutions.

Essentially, a retirement plan allows individuals to pay no income tax on any money deposited into a qualified retirement plan until the money is withdrawn.

To be a "qualified" retirement plan, the plan must comply with specific government guidelines to maintain the tax preferences given to them. These guidelines are typically handled by the Retirement Plan Administrator, and have various requirements depending upon whether the plan is a 401(k) Plan, a Defined Benefit Plan, A Cash Balance Plan, or any other type of retirement plan.

What Are The Duties And Responsibilities Of A 401k Or Retirement Plan Administrator?

A Retirement Plan Administrator has specific fiduciary administrative duties to ensure the plan stays in compliance with ERISA, DOL and IRS regulations.

What Does A Retirement Plan Administrator Do?

A Retirement Plan Administrator manages the day-to-day affairs of the plan. This includes:
  • Working with legal documents
  • Determining and/or working with investment options
  • Communicating with plan beneficiaries
  • Calculating permissible contributions
  • Handling retirement plan distributions
  • Working with plan loans and rollovers
  • Performing analyses and IRS compliance testing
  • Monitoring plan operations
  • Complying with recordkeeping, reporting, and disclosure requirements
  • Filing required forms and documents with the IRS or Department of Labor
  • Helping to prepare tax returns
  • Preventing penalties
  • Properly amending the plan when required
Note: Due to the complexity of the administrative and fiduciary requirements, many organizations outsource retirement plan administration to a third party (TPA). Even if you outsource the administration duties or hire an employee to handle these duties, your organization is ultimately responsible for any errors, so make sure that you are properly educated and apply proper oversite if you use a TPA.

How Do I Become A Retirement Plan Administrator?

In addition to having a fine eye for working with many details, you need to know the rules and requirements for the type of retirement plan you want to administer. As such, we suggest you review the various plan types listed below and take the course to get trained!

401k training B\Defined Benefit Training Plan Loans Training Required Minimum Distributions Training

Become A Certified Administrator Or A Certified TPA!

If your job responsibilities include dealing with 401(k) Plans, Pension Plans, or Retirement Plans, then you/your company should become a Certified Third Party Administrator (TPA)!

AB Training Center offers 401(k) certification, Defined Benefit, and other Training and Certification programs that show your clients and prospects that you have received in-depth training in your specific administrative area.

And being certified allows you to use a "Certified TPA" seal on your website, business cards, and other marketing materials in order to gain retirement plan business.

We offer Training & Certification Programs for:

Find Other Retirement Plan Training Courses

Listed below are some of our most-popular retirement plan training courses and materials. Either select one of these recommended courses or select "Retirement Plans" from the "Professional Development" section of the search box below.
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