401(k) Plans

Overview

Financial professionals who work with 401(k) plans understand what a powerful tool they are in promoting the financial security of the U.S. workforce at retirement. Specializing in the 401(k) marketplace, typically called the 401(k) “space,” can open the door to a steady stream of clients.
 
This course provides an overview of 401(k) plans and the information required to help financial professionals in their efforts to be considered a trusted partner by their clients,  Knowledge of 401(k) plans – what they are, how they work, and how they can be used – will enable financial professionals to help their clients meet their retirement income needs and goals. 

Learning Objectives

Upon the completion of this course, students will be able to:

  • identify the parties involved in establishing and maintaining a 401(k) plan
  • demonstrate an understanding of the different contribution types and the annual limits that apply to contributions
  • detail the rules for participants seeking to take a loan from their accounts
  • cite the investment vehicles available to 401(k) plans
  • explain permissible eligibility and vesting requirements
  • know when participant distributions are permitted and or required; as well as any tax implications

Designed For

Life and health insurance producers; financial planners and advisors.
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