ERISA Best Practices Course
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- Non-member - $499
- Member - $399
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There has been a proliferation of financial professionals helping their clients manage and advise their "held away" 401(k) accounts. When a financial professional does so, they may unknowingly become an ERISA Fiduciary. As such, the financial professionals need to follow ERISA law and the rules set forth by the Department of Labor (DOL). This course provides a financial professional everything they need to know about working as an ERISA Fiduciary. It covers the fascinating history of ERISA all the way through the changes made by the Biden Administration. It also covers the duties required by every ERISA Fiduciary and Best Practices for keeping their firm compliant.
Earn 6.5 CFP CE Credit (reported by FPA) and 6 Hours of IAR "Ethics" Credit (reported by Plan Confidence Corp)
- The financial professional will be able to identify when they must operate as an ERISA Fiduciary when working with their client's employer sponsored retirement plans.
- The financial professional will be able to create their own written prudent process for working with "held away" 401(k) accounts by the end of the course.
- The financial professional will be able to determine when they need to use a Prohibited Transaction Exemption (PTE) by the end of the course.
- The financial professional will be able to modify/create their own PTE 2020-02 form in compliance with the most recent rules from the Department of Labor (DOL).
- The financial professional will be able to describe the changes the Biden Administration has made to the definition of ERISA covered advice and the Prohibited Transaction Exemptions (PTEs) by the end of the course.
Key:
Complete
Next
Failed
Available
Locked
Quiz - Introduction
4 Questions | Unlimited attempts | 0/4 points to pass
4 Questions | Unlimited attempts | 0/4 points to pass
Legal Acceptance - MUST COMPLETE
Agree to terms to continue.
Agree to terms to continue.
I have read all of the Legal Information and the Court Stay Disclosure.
I understand that by clicking "I Agree" below, I will have access to this course and no refunds will be given after this point.
I understand that by not clicking "I Agree" below will prevent me from continuing this course.
I also understand that I must email learning@onefpa.org to request a refund for this course after if I do not click "I agree"
Quiz - What is an ERISA Covered Account?
4 Questions | Unlimited attempts | 0/9 points to pass
4 Questions | Unlimited attempts | 0/9 points to pass
Quiz - Penalties for Non-Compliance
3 Questions | Unlimited attempts | 0/3 points to pass
3 Questions | Unlimited attempts | 0/3 points to pass
Quiz - How to Become an ERISA Fiduciary
8 Questions | Unlimited attempts | 0/10 points to pass
8 Questions | Unlimited attempts | 0/10 points to pass
Quiz - Requirements Under ERISA
9 Questions | Unlimited attempts | 0/12 points to pass
9 Questions | Unlimited attempts | 0/12 points to pass
Quiz - Self Dealing & PTEs
5 Questions | Unlimited attempts | 0/7 points to pass
5 Questions | Unlimited attempts | 0/7 points to pass
Quiz - Advice VS Education
2 Questions | Unlimited attempts | 0/2 points to pass
2 Questions | Unlimited attempts | 0/2 points to pass
Quiz - Best Practices - One Time Items
16 Questions | Unlimited attempts | 0/16 points to pass
16 Questions | Unlimited attempts | 0/16 points to pass
Quiz - (New) Retirement Security Rule - Introduction
2 Questions | Unlimited attempts | 0/2 points to pass
2 Questions | Unlimited attempts | 0/2 points to pass
Quiz - (New) Retirement Security Rule - Details
2 Questions | Unlimited attempts | 0/2 points to pass
2 Questions | Unlimited attempts | 0/2 points to pass
Quiz - Working with IRAs after 9/23/2024
2 Questions | Unlimited attempts | 0/2 points to pass
2 Questions | Unlimited attempts | 0/2 points to pass
Biden Administration's Amendment to PTE 2020-02
Open to download resource.
Open to download resource.
Quiz - New Changes to PTE 2020-02
5 Questions | Unlimited attempts | 0/5 points to pass
5 Questions | Unlimited attempts | 0/5 points to pass
Sample: Non-Discretionary Advice: Written Prudent Process
Open to download resource.
Open to download resource.
Sample: Non-Discretionary Advice: Written Fiduciary Acknowledgement
Open to download resource.
Open to download resource.
Sample: Non-Discretionary Advice: ADV Language
Open to download resource.
Open to download resource.
Sample: Non-Discretionary Advice: Compliance Manual Language
Open to download resource.
Open to download resource.
Sample: Discretionary Advice: Written Prudent Process
Open to download resource.
Open to download resource.
Sample: Discretionary Advice: Written Fiduciary Acknowledgement
Open to download resource.
Open to download resource.
Sample: Discretionary Advice: Compliance Manual Language
Open to download resource.
Open to download resource.
Bonus: Plan Confidence: ERISA Fiduciary Checklist
Open to download resource.
Open to download resource.
Bonus: Interpretive Bulletin 96-1 (IB 96-1): Participant Investment Education
Open to download resource.
Open to download resource.
Bonus: Ruling Allows Individuals to Recover Individual 401(k) Losses
Open to download resource.
Open to download resource.
Sample: Plan Confidence Corp - Terms & Conditions (Legal Info for Participants)
Open to download resource.
Open to download resource.
