Retirement Plan Sponsor Responsibilities

Implications of the Capital Accumulation Plan (CAP) Guidelines for Stakeholders

1. Definition of a CAP Under the CAP Guidelines
2. Key Terms Associated with a CAP
3. CAP Guidelines
4. CAP Guidelines Purpose
5. Intent of the CAP Guidelines
6. CAP Guidelines Structure
7. Impact of the CAP Guidelines on Plan Sponsors
8. Significance of the CAP Guidelines to Insurers
9. Impact of the CAP Guidelines on Plan Administrators
10. Impact of the CAP Guidelines on CAP Providers
11. Impact of the CAP Guidelines on Plan Members
12. CAPSA Pension Plan Governance Guideline
13. Principles Outlined in the CAPSA Pension Plan Governance Guideline
14. Application of Both the CAPSA Pension Plan Governance Guideline and the CAP Guidelines
15. Service Providers Must Understand the Intent and Application of Both the CAPSA and CAP Guidelines
16. Target Audience for the CAPSA Pension Plan Governance Guideline and the CAP Guidelines

Total pages in lesson: 16

Setting Up a CAP

1. Life Cycle of a CAP
2. Plan Sponsor’s Key Steps in Setting Up a CAP
3. Factors Impacting the CAP Sponsor’s Decision to Use Service Providers
4. Role of an Advisor in Setting Up a CAP
5. Advisor Compensation
6. Determining Which CAP Plan Type(s) Will Be Used
7. Role of a CAP Provider in Setting Up a CAP
8. CAP Provider Compensation
9. Responsibility for Offering Investment Advice
10. Choosing an Appropriate Service Provider for Member Investment Advice
11. Choosing Investment Options for the CAP
12. Investment Options Defined
13. Additional Factors to Consider if Investment Options Include Investment Funds
14. Policy Regarding Failure to Make Investment Choices (Default Policy)
15. CAP Sponsor’s Role in Plan Record Maintenance

Total pages in lesson: 15

Introducing a CAP to Plan Members

1. Introducing a CAP to Plan Members
2. Importance of the Plan Introduction Stage
3. Information Provided to CAP Members on the Nature and Features of the Plan
4. Information a CAP Sponsor Should Provide on the Rights and Responsibilities of CAP Members
5. Investment Information a CAP Sponsor Should Provide to Plan Members
6. Investment and Decision-Making Tools to Provide to CAP Members
7. Information to Provide to CAP Members on Transfer Options
8. Information to Provide to CAP Members if Transfer Options Are Suspended
9. Information to Provide to CAP Members Regarding Fees, Expenses and Penalties

Total pages in lesson: 9

Maintaining a CAP and Providing Ongoing Communication to Plan Members

1. Plan Sponsor’s Key Activities in Operating a CAP
2. Ongoing Information That Should Be Provided to CAP Members
3. Information a CAP Sponsor Should Include in Plan Member Statements
4. Other Information That Should Be Made Available to CAP Members
5. Information to Include in a Notice of Significant Changes in Investment Options
6. Specific Information to Provide if an Investment Option Is Removed, Replaced or Added
7. CAP Sponsor Performance Reports for Investment Options
8. Plan Sponsor’s Key Activities in Maintaining a CAP

Total pages in lesson: 8

Terminating a CAP

1. Plan Sponsor’s Role in Terminating a CAP
2. Termination of a CAP Member's Participation
3. Information That Must Be Provided

Total pages in lesson: 3