Upon completion of this chapter, the student should be able to:
1. have a basic understanding of factors relating to retirement plan design
2. understand key advantages of retirement plans for employers
3. identify major types of qualified retirement plans
4. identify key factors affecting plan selection
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of retirement income needs
2. identify key aspects of retirement needs analysis
Upon completion of this chapter, the student should be able to:
1. have an understanding of Social Security eligibility
2. know the significance of being fully insured or currently insured for Social Security
3. have a basic understanding of Social Security (OASDI) benefits
4. understand how to determine Social Security benefits
5. have a basic understanding of how Social Security benefits are taxed
Upon completion of this chapter, the student should be able to:
1. identify basic benefits under each part of Medicare coverage
2. have a basic understanding of Medicare eligibility and enrollment criteria
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the traditional IRA, including advantages, disadvantages, and tax implications
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the Roth IRA, including advantages, disadvantages, and tax implications
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of qualified plan requirements
2. identify key qualification rules for qualified plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of qualified plan distributions and loans
2. identify key plan provisions regarding spousal benefits and qualified domestic relations orders (QDROs)
3. understand provisions relating to defined benefit and defined contribution plan distributions
4. have a basic understanding of tax issues related to qualified plan distributions, including premature withdrawal and minimum distributions requirement penalties
5. have a basic understanding of retirement plan rollovers
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of estate and retirement planning with qualified plans and IRAs, including advantages, disadvantages, and tax implications
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the steps involved when installing a qualified retirement plan
Upon completion of this chapter, the student should be able to:
1. identify key factors relating to qualified plan investments
2. have a basic understanding of fiduciary requirements for qualified plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of ERISA reporting and disclosure requirements for pension plans
2. have a basic understanding of ERISA reporting and disclosure requirements for welfare plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of using life insurance to fund a qualified plan
2. understand ways in which life insurance may be used in defined benefit plans
3. understand ways in which life insurance may be used in defined contribution plans
4. identify key tax-related factors when using life insurance to fund a qualified plan
Upon completion of this chapter, the student should be able to:
1. have a general understanding of defined benefit pension plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of cash balance pension plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of money purchase pension plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of profit sharing plans
2. identify key tax-related factors for profit sharing plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of stock bonus plans and ESOPs
2. identify key issues related to the use of an ESOP/Stock bonus plan for estate planning for shareholders of closely held businesses
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of savings/match (thrift) plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of 401(k) plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of cross-tested age-weighted plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of HR 10 (Keogh) plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the SIMPLE IRA
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the simplified employee pension (SEP).
Upon completion of this chapter, the student should be able to:
1. identify basic features and applications of tax deferred annuities
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of nonqualified deferred compensation
2. identify key methods of arranging and funding nonqualified deferred compensation
3. identify key tax-related issues with nonqualified deferred compensation plans
Upon completion of this chapter, the student should be able to:
1. identify key factors related to Section 457 plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of the process of employee benefit planning
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of life insurance plan design considerations for executives
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of group health benefit plan design
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of cash compensation planning
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of employee and executive bonuses
Upon completion of this chapter, the student should be able to:
1. identify key factors involved with severance pay plans
Upon completion of this chapter, the student should be able to:
1. identify key factors of golden parachute plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of employee stock options
Upon completion of this chapter, the student should be able to:
1. describe key factors related to incentive stock options
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of Employee Stock Purchase Plans
Upon completion of this chapter, the student should be able to:
1. discuss key factors related to restricted stock plans
Upon completion of this chapter, the student should be able to:
1. identify key facts related to cafeteria plans
Upon completion of this chapter, the student should be able to:
1. understand key factors related to flexible spending accounts
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of group-term life insurance
2. identify key issues related to a group life insurance carve-out for executives
Upon completion of this chapter, the student should be able to:
1. have a general understanding of split dollar life insurance arrangements
2. identify key differences between equity split dollar and reverse split dollar arrangements
3. discuss tax implications related to various split dollar life insurance arrangements
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of key employee life insurance
Upon completion of this chapter, the student should be able to:
1. understand death benefit only plans
Upon completion of this chapter, the student should be able to:
1. have a general understanding of group health care plans
2. know key aspects of continuation of health care coverage under COBRA
3. understand issues related to continuing health coverage for retirees
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of health maintenance organizations
Upon completion of this chapter, the student should be able to:
1. identify essential facts related to health savings accounts (HSAs)
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of health reimbursement arrangements
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of group long-term care plans
Upon completion of this chapter, the student should be able to:
1. discuss key facts related to sick pay and short term disability plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of group long term disability insurance
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of employee fringe benefits
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of company car and car expense reimbursement plans
Upon completion of this chapter, the student should be able to:
1. identify key facts related to dependent care assistance plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of educational assistance plans
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of legal services plans
Upon completion of this chapter, the student should be able to:
1. understand tax and other implications of loans to executives
Upon completion of this chapter, the student should be able to:
1. have a basic understanding of moving expense reimbursements
Upon completion of this chapter, the student should be able to:
1. Identify key issues related to VEBAs