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Managing Your 401(k) Plan: A Day in the Life of a Healthy 401(k)

Understand the complexities involved in maintaining a 401(k) plan for your employees and what role your service providers play.

Ensure all parties are fulfilling their obligations under ERISA and that your organization's 401(k) program is running smoothly. Are you overwhelmed by the complexities involved in maintaining a 401(k) plan for your employees and confused as to what role your service providers play and wondering why at certain times, it feels like your 401(k) plan is taking over your life? This course will help you understand what role you, your organization, and the plan's third-party service providers play in the maintenance of a 401(k) plan. The information also provides guidance through discussion of best practices to enable you to improve your management of your 401(k) plan and its third-party service providers. This topic is critical for employers so they can ensure that all parties are fulfilling their obligations under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. It will also give you tips to use so that you can plan for the regular, ongoing duties you must fulfill to ensure your organization's 401(k) runs smoothly and serves the goals of your organization.

64 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Learn How to Identify Your Role and Fulfill Your Obligations

  • Determine Who Are the Plan Fiduciaries and What that Means
  • What Should You Be Doing to Meet Your Obligations
  • What Actions Should You Be Taking With Respect to the Plan's Service Providers

Learn How to Really Understand How Your Plan Should Operate

  • Learn to Read and Understand the Plan's Legal Document(s)
  • Understand Why the Details Matter and What You Can Do to Help Ensure Compliance
  • Identify Plan Design Options That May Add Value for Your Organization and Employees

Learn to Plan for the Constant Attention Your Plan and Service Providers Need

  • Tips for Making a Compliance Calendar for Your Plan
  • Tips for Avoiding Surprises With Respect to Your Plan
  • Tips for Communicating With Your Employees
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Why Lorman?

Over 35 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 8, 2022.

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

  • ASA 1.0
     
  • This program qualifies for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected] Please retain proof of attendance in the event your CE record is audited.
     
  • HR Certification Institute 1.0
     
  • This E-Learning program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

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

MP3 Download

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

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Why Lorman?

Over 35 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

Patricia Beaty

Patricia Beaty

Taft Stettinius & Hollister, LLP

  • •Partner in the office of Taft Stettinius & Hollister, LLP focusing exclusively on employee benefit matters
  • •Practice emphasizes all aspects of employee benefits and executive compensation of both retirement and health and welfare plans
  • •Conducts regular client training, seminars, and workshops on ERISA, fiduciary duties, the Affordable Care Act, IRS and DOL audits, 401(k) plans, defined benefit plans, cash balance plans, health and welfare plans, VEBAs, Medicare Secondary Payer rules, litigation, mergers and acquisitions, 403(b) plans, 457(b) plans, 457(f) plans, and new comparability (cross-tested) plan designs
  • •Certified employee benefits specialist (CEBS), American Bar Association Committee on Employee Benefits, Indiana Benefits Conference (past chairperson), Indianapolis Bar Association, and current President of the Indiana Chapter of the International Society of Employee Benefit Specialists
  • •J.D. degree, Indiana University, Robert H. McKinney School of Law; B.S. degree, Ball State University
  • •Can be contacted at 317-713-3533 or [email protected]
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Why Lorman?

Over 35 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.

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  • State Specific Credit Tracker
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Product ID: 409807
Published 2022
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