Basic 401(k) Plans

This course provides an overview of 401(k) plans including the parties involved, the contribution types and annual limits that apply to contributions, investment vehicles available to 401(k) plans, eligibility and vesting requirements. It discusses the required forms, when distributions are permitted or required and the tax consequences. It examines the participant loan rules, plan document requirements, summary plan descriptions, form 5500, and the summary annual report. The course concludes with discussion on the financial professional’s role during a plan conversion.

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