The Cash Balance Certification Course, powered by October Three and the Retirement Learning Center, is a robust educational program crafted specifically for financial advisors and retirement planning specialists. Cash Balance Plans have more than $1 trillion in assets nationwide. This certification explores the basic to advanced concepts of Cash Balance Plans, arming advisors with the knowledge needed to capitalize on the potential of the fastest-growing sector in the retirement planning market.
Cash balance plans are an increasingly popular retirement plan option for many organizations. For IRS compliance purposes cash balance arrangements are frequently set-up in conjunction with 401(k) plans. This course focuses on when cash balance plans can be an effective retirement plan for an organization and how such plans are evaluated and established. In addition, the interplay between the cash balance and 401(k) plans is explored along with the distribution rules and potential PBGC premiums and coverage requirements.
Learning Objectives
The student, upon the completion of the course, will have broad understanding of the following cash balance concepts:
- When a cash balance plan may be suitable for an organization
- How cash balance and 401(k) plans can be coordinated for better compliance outcomes
- What is PBGC overage, when it is required and the costs for the coverage
- How investment strategies for cash balance plans are determined and why these strategies are different than 401(k) investment approaches
*If you requested CE for CFP® or CIMA®,CPWA®, CIMC®, and RMA® certifications, the credit will be reported to the appropriate board on your behalf and a certificate will be emailed to you from Retirement Learning Center certificates@simplecert.net.
