Multiemployer Plan Structure and Administration
The Multiemployer Plan Structure and Administration eLearning course equips professionals with the essential knowledge to navigate the unique complexities of multiemployer plans. Participants will explore how these plans are structured, the key regulations and fiduciary responsibilities involved, and the roles of plan advisors such as administrators, actuaries, and legal counsel. The course covers critical areas like internal controls, written policies, and fraud detection. Designed for HR professionals, accountants, and fiduciaries, this interactive course ensures you understand multiemployer plan operations and how to manage them effectively. Get the tools you need to succeed in administering these plans with confidence.
Topics Covered
- Introduction to Multiemployer Plans
- ERISA and Plan Fiduciaries
- Prohibited Transactions
- Key Plan Advisors in a Multiemployer Plan
- Plan Policies
- Plan Committees
- Internal Controls
- Multiemployer Plan Fraud
Course Outline
Introduction to Multiemployer Plans
- What Is a Multiemployer Plan?
- How Were Multiemployer Plans Established?
- Who Benefits from Multiemployer Plans?
- Types of Multiemployer Plans
- Multiemployer Plan Descriptions
Estimated Time to Complete: 15 minutes
ERISA and Plan Fiduciaries
- What Is ERISA and Why Did It Become Law?
- ERISA Retirement Plan Requirements
- Additional ERISA Requirements
- Who Is a Plan Fiduciary?
- What Are the Responsibilities of a Fiduciary?
- Five-Part Test to Determine Fiduciary Status of Other Investment Professionals
Estimated Time to Complete: 15 minutes
Prohibited Transactions
- What Is a Prohibited Transaction?
- Prohibited Transactions for Fiduciaries
- Exemptions for Transactions That Would Otherwise Be Prohibited
- Penalties for Committing Prohibited Transactions
Estimated Time to Complete: 15 minutes
Key Plan Advisors in a Multiemployer Plan
- Establishing Advisors
- Administrator
- Actuary
- Accountant
- Legal Counsel
- Investment Consultant
- Investment Custodian
- Investment Manager
- What Procedures Should Be Followed in Hiring Professional Advisors?
- What Procedures Should Be Followed in Monitoring Professional Advisors?
Estimated Time to Complete: 15 minutes
Plan Policies
- Why Should a Multiemployer Plan Have Written Policies?
- What Policies Does a Multiemployer Plan Need?
Estimated Time to Complete: 15 minutes
Plan Committees
- Committees
Estimated Time to Complete: 10 minutes
Internal Controls
- Internal Control Systems
- Elements of Internal Controls
- Common Internal Control Issues
- Management Letter
Estimated Time to Complete: 15 minutes
Multiemployer Plan Fraud
- Where Is Fraud Likely in a Multiemployer Plan?
- Fraud in Benefit Disbursements
- Fraud in Employer Contributions
- Fraud in Administrative Expenses
- Fraud in Investments
- Who Is Responsible for Detecting Fraud?
- Fraud Prevention Techniques
- Fraud Detection Techniques
Estimated Time to Complete: 20 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.