Defined Benefit Plans
Stay ahead of retirement planning challenges with the Defined Benefit Plans eLearning course. This essential program provides an in-depth look at the structure, administration, and benefits of defined benefit pension plans. Learn about plan design, funding requirements, and key regulatory guidelines that ensure compliance. Ideal for HR professionals, benefits managers, and pension plan administrators, this course will equip you with practical tools to navigate the complexities of defined benefit plans. Gain the expertise to manage retirement plan risk and deliver reliable benefits to employees. Stay compliant, reduce risks, and strengthen your retirement strategy.
Topics Covered
- Introduction to Defined Benefit Plans
- Key Features of Defined Benefit Plans
- Funding Defined Benefit Plans
- Regulatory Requirements and Compliance
- Administration and Recordkeeping
- Managing Plan Risks
- Recent Trends and Changes
Course Outline
Introduction
- Retirement Options for Plan Sponsors
Defined Benefit Plan Formulas
- Income Replacement Ratios
- Benefit Formulas
- Career Average Pay Formula
- Final Pay Formula
- Integrating Pay-Related Formulas With Social Security Benefits
- Excess Formula
- Offset Formula
- Service-Related Formulas
Estimated Time to Complete: 30 minutes
Funding Defined Benefit Plans
- Cost of a Defined Benefit Plan
- Actuarial Assumptions
- Contributions to Defined Benefit Plans
- Former Funding Methods for Defined Benefit Plans
- Advance Funding
- Advance Funding Vehicles
- Minimum Funding Requirements
- Investment Risk in Defined Benefit Plans
- Investment Options
- Other Investment Considerations for Plan Sponsors
Estimated Time to Complete: 30 minutes
Defined Benefit Plan Distributions
- Life Annuity Payments
- Qualified Joint and Survivor Annuities (QJSAs)
- Certain and Life Annuities
- Taxation of Distributions
- Lump-Sum Payments
- Required Minimum Distributions (RMDs)
- Early Retirement Options
- Consequences of Early Retirement
- In-Service Distributions Upon Attaining the Age of 59½
- Terminated Participants
- Accounting Requirements for Defined Benefit Plans
- Balance Sheets
Estimated Time to Complete: 30 minutes
Defined Benefit Plan Termination
- Pension Benefit Guaranty Corporation (PBGC)
- Single Employer Insurance Program
- Standard Termination
- Plan Freeze
- Distress Termination
- PBGC-Initiated Termination
- Termination Premiums
- Multiemployer Insurance Program
- Multiemployer Pension Reform Act of 2014 (MPRA)
Estimated Time to Complete: 30 minutes
NOTE: The estimated time to complete each lesson is based on word count and assumes uninterrupted consumption of the course. Actual time to complete each lesson can vary widely based on familiarity with the topics and other factors. Time required to complete the course final exam is not counted in these estimates.
Course Applies To
Questions?
Contact us at (888) 334-3327, option 3 or [email protected].
Why Choose E-Learning?
Self-Paced
Navigate the course at a pace that fits your learning style.
Convenient
Learn on your schedule—without the inconvenience of time away from the office.
Expert-Created Content
Take a deep-dive into a topic with content developed by industry leaders.
Cost-Effective
Save when you choose affordably-priced training with no additional travel costs.