Education and Training Solutions

This course presents a thorough overview of 401(k) plans and their features. Topics include: who may adopt a 401(k) plan; the 4 types of contributions that can be made to a 401(k) plan; contribution limits and employer deduction limits; salary reduction agreements; negative elections and 5 issues sponsors must consider when using negative elections; the two nondiscrimination tests specific to 401(k) plans; investments and ERISA 404(c); loans and hardship withdrawals. Students who complete this course will gain a solid understanding of these plans.

3 hours of Continuing Education credit