Available in:

OnDemand Course

Automatic Retirement Enrollment: The New Norm for Benefits?

Find out if an automatic enrollment retirement plan is right for your company.

Many retirement plans are encouraged to implement automatic enrollment with vendors ensuring it is the 'new norm'. However, many companies are unaware of the potential fiduciary pitfalls and operational hurdles automatic enrollment can introduce. This topic will outline types of automatic contribution arrangements, address common errors in implementation, and introduce frequently overlooked considerations regarding the provision. This material will also provide guidance on the determination of the appropriateness of automatic contribution arrangements for your group and give Plan Sponsors and HR professionals tools to review or implement processes to ensure compliance with regulations. There may be a place for automatic enrollment, but not at the cost of jeopardizing your Plan's operational integrity or your fiduciary duty.

88 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Automatic Enrollment History and Types

  • ACA
  • EACA
  • QACA
  • Automatic Escalation

When They Go Right

  • Good Candidates for Auto Enroll Features
  • Benefits of Automatic Enrollment

When They Go Wrong

  • Operational Hurdles
  • Fiduciary Breaches
  • Unforeseen Side Effects

The Bigger Worry... Retirement Readiness

  • Participant Perceptions
  • Premature Withdrawals
  • Increased Participant and Administrative Costs
  • Investor Confidence
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on June 20, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Genelle Brakefield, ERPA, QKA, TGPC, QPFC

Genelle Brakefield, ERPA, QKA, TGPC, QPFC

Ekon Benefits

  • Vice president at Ekon Benefits
  • Enrolled Retirement Plan Agent and has awarded credentials of Qualified 401(k) Administrator, Tax Exempt and Governmental Plan Consultant, and Qualified Plan Financial Consultant
  • Has served as the instructor for many retirement seminars focusing on fiduciary responsibilities and investment prudence
  • M.B.A. degree and a B.S. degree in business administration, University of Tulsa
  • Can be contacted at 314-367-6555 or [email protected]
Keith Kowalczyk, ASA, MSPA, AAA, EA

Keith Kowalczyk, ASA, MSPA, AAA, EA

Ekon Benefits

  • President at Ekon Benefits
  • Practice emphasizes all aspects of group retirement plans including defined benefit, defined contribution, ESOPs, 401(k), 403(b), and 457 Plans
  • Conducts regular seminars and workshops on numerous topics related to group retirement plans
  • Associate of the American Society of Actuaries
  • Has served as the instructor for several pension seminars including Bar Association, Washington University School of Law Regional and National conferences for the American Society of Pension Professionals and Actuaries
  • B.S. degree in physics, Eastern Illinois University
  • Can be contacted at 314-367-6555 or [email protected]
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 400349
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!