RETIREMENT PLAN ACADEMY PROFESSIONAL DEVELOPMENT CATALOG

Transcription

1 2016 RETIREMENT PLAN ACADEMY PROFESSIONAL DEVELOPMENT CATALOG

2 THE RPA ADVANTAGE The Retirement Plan Academy (RPA) is a collaborative undertaking of the American Retirement Association, and its four premier retirement industry associations; ASPPA, ACOPA, NAPA, and NTSA. These associations, whose members share a long-standing commitment to the development and dissemination of professional education have, through the RPA, combined the retirement profession s most respected credentials alongside cutting-edge training solutions. Our education programs are developed by industry experts to meet your specific educational needs and the requirements of our constantly changing and demanding profession. Our program designers know what you need to expand and enhance your skillset whether you are just starting out, or are a seasoned retirement industry veteran, as you assist your clients in making preparations for a secure and prosperous future. There s no time like the present to put your career on the fast track, or to expand your knowledge and professional acumen by pursuing the courses of study and professional credentials offered by the RPA! RPA Mission To provide exceptional professional development resources vital to the success of its members. Where to Start The RPA coursework is organized by sub-academies, each focused on the specific educational needs of their respective memberships. You ll find the education and credentials most applicable to you, within the following sub-academies: ASPPA Academy ( American Society of Pension Professionals & Actuaries Serving the nation s largest membership organization for retirement plan administrators and consultants, the ASPPA Academy provides the industry s foremost educational and credentialing programs, enhancing the knowledge, credibility and recognition for professionals throughout the retirement plan industry for nearly a half-century. ACOPA Center ( ASPPA College of Pension Actuaries ACOPA strives to strengthen the actuarial content of the RPA s educational programs as well as enhance professional development opportunities for actuarial members. The ACOPA Center is responsible for identifying and addressing the professional development needs of the actuarial membership of ASPPA and ACOPA. NAPA Academy ( National Association of Plan Advisors Supporting the nation s fastest-growing membership organization, the NAPA Academy offers a curriculum specifically and exclusively developed to meet the expanding needs of retirement plan advisors. This exclusive focus is what sets NAPA apart. NTSA Academy ( National Tax-Deferred Savings Association Professionals who work with retirement programs for state and municipal governments, as well as educational, religious and nonprofit organizations will find the education and credentialed support they need in the programs offered by the NTSA Academy, with programs designed for professionals serving the 403(b) and 457 retirement plan marketplace. 2 RETIREMENT PLAN ACADEMY

3 Marketability The education and professional credentialing from the RPA helps industry professionals stand out among peers, provides added value to employers, and improves employability, as well as the acknowledgement of the professional community. Capability Through the programs at the RPA, you ll expand and enhance personal understanding of issues and processes critical to career and professional development. WHY CHOOSE THE RETIREMENT PLAN ACADEMY? Flexibility The RPA delivers timely and convenient education via a variety of mediums, making the pursuit of a credential, certificate, or training a perfect fit for a busy schedule. Credibility RPA credentials, certificates, and trainings are highly respected throughout the retirement plan industry. Your attainment of an RPA credential or certificate demonstrates continued commitment to the profession, and to enhancing technical proficiency by the successful pursuit of the gold standard level of professional education. Questions? Our Customer Care department is here to help! You can contact them at: Phone: customercare@usaretirement.org Educational Material Copyright ASPPA, ACOPA, NAPA, and NTSA are non-profit professional societies. It is important to note that all of our examination and educational materials are copyrighted. No examination or educational materials can be copied, reproduced or shared in any form by any means without written permission from the Retirement Plan Academy. RPA materials are intended for instruction only and are not a substitute for professional advice. RETIREMENT PLAN ACADEMY 3

4 Introduction What s Covered... 5 How to Earn a Certificate or Credential... 6 ASPPA ACADEMY Plan Administration, Compliance and ERISA Consulting Track Retirement Plan Fundamentals (RPF) Certificate... 8 Defined Benefit Administration (DBA) Certificate...11 Employee Stock Ownership Plan Administration (ESOP) Certificate...13 Qualified 401(k) Administrator (QKA) Credential...15 Qualified Pension Administrator (QPA) Credential Certified Pension Consultant (CPC) Credential NAPA ACADEMY Financial Consulting Track The NAPA 401(k) Practice Builder Certified Plan Fiduciary Advisor Credential (CPFA) NTSA ACADEMY Tax-Exempt & Governmental Plan Administration, Compliance and Consulting Track Tax-Exempt & Governmental Plan Administration (TGPA) Certificate Tax-Exempt & Governmental Plan Consultant (TGPC) Credential NEW FOR 2016 The ERISA Outline Book The online version will be updated quarterly! Retirement Plan Fundamentals (RPF) Certificate Completely redeveloped for 2016 with flexible, all-in-one modules. DC-3 Advanced Concepts Updated Study Guide Basics of Defined Benefit Plans (DB) Updated Study Guide Check out the 2016 curriculum updates available online at www. asppa-net.org/education. ACOPA CENTER Actuarial Consulting Track Member, Society of Pension Actuaries (MSPA) Credential Fellow, Society of Pension Actuaries (FSPA) Credential Associated Professional Member (APM) Credential Benefits of Membership Continuing Education Opportunities Supplemental Study Materials Information to Know At a Glance: RPA Exam Requirements RPA Offerings: Continuing Education Credits Education Calendar RETIREMENT PLAN ACADEMY

5 WHAT S COVERED Education/Certificate Programs If you have little or no experience with retirement plans, if you ve landed in a retirement plan position straight out of college or from another discipline, or if you would like specialized intermediate training, then you should begin with an RPA certificate program. These programs not only provide an overview of retirement plan practice but also offer a glimpse into the world of opportunity that a career in retirement plans offers. Basic Education/Certificate Programs Retirement Plan Fundamentals Certificate Tax-Exempt & Governmental Plan Administration Certificate Intermediate Education/Certificate Programs Plan Financial Consulting Certificate Defined Benefit Administration Certificate Employee Stock Ownership Plan Administration Certificate Advanced Education/Credential Programs Our advanced education or credential programs offer the education you ll need to specialize in various career paths, such as qualified plan consulting, investment management, advanced administration, tax-exempt and governmental plans, or actuarial plan design and consulting. Qualified 401(k) Administrator (QKA) Qualified Pension Administrator (QPA) Certified Pension Consultant (CPC) Certified Plan Fiduciary Advisor (CPFA or QPFC) Tax-Exempt & Governmental Plan Consultant (TGPC) Member, Society of Pension Actuaries (MSPA) Fellow, Society of Pension Actuaries (FSPA) Associated Professional Member (APM) Online Training The American Retirement Association is pleased to offer an ever-expanding selection of online training courses including the NAPA Practice Builder, perfect for new advisors who are looking to gain the fundamental knowledge needed to sell and manage 401(k) plans, and the newly reimagined Retirement Plan Fundamentals (RPF) Modules. NAPA is also offering study modules for the new CPFA Credential, which have been developed by the nation s leading advisors and retirement plan experts. A ROAD MAP INTRODUCTION The Retirement Plan Academy (RPA) provides top quality, up-to-date education for retirement plan professionals in any stage of their careers, from a solid grounding in the basics to continuing education; administration to marketing and management; and retirement plan design to actuarial consulting. Our topical education, certificate, and credential programs are essential benchmarks in a retirement plan professional s career. The RPA education program currently consists of five certificates, nine advanced credentials, and three new Online Training Courses, including the new Retirement Plan Fundamentals (RPF) Certificate. The RPA has an educational path for you, no matter where you are in your career. This catalog provides a road map of the RPA s educational programs, explores a broad view of the programs available, and provides details of exactly how and when to access each program, how much it will cost, and which tools are available to help you achieve your educational goals. Online training, such as the modules are just one of the ways RPA is working to provide study materials in new and exciting formats! Continuing Education RPA Continuing Education (CE) is the smart and affordable way to stay current on technical issues in the industry while maintaining your credentials. We offer a diverse range of CE opportunities that take into account your professional needs, lifestyle, and budget. Classroom viewing options and discounted training packages are also available. Please see page 42 for ASPPA, ERPA, JBEA, and Ethics CE credits available for each educational opportunity identified within. Professional Code of Conduct ASPPA, ACOPA, NAPA, and NTSA are committed to encouraging every retirement plan professional to achieve and maintain the highest levels of technical competence and integrity. To this end, each member must abide by professional and ethical standards. View more on the ASPPA Code of Conduct at RETIREMENT PLAN ACADEMY 5

6 HOW TO EARN A CERTIFICATE OR CREDENTIAL CERTIFICATE Create an Account. You will need to create an account before you can begin to pursue a certificate. If you are an ASPPA member, visit and click on Create Account. If you are a NAPA or NTSA member, you will need to contact our Customer Care department to establish your account. You do not need to be a member of ASPPA, ACOPA, NAPA or NTSA to create an account or take an examination; however, there are many benefits to becoming a member while you pursue certificate programs and credentials. Please visit org or for more information on becoming an ASPPA, ACOPA, NAPA, or NTSA member. Order Study Materials. Once you have created an account, you can order study materials online. You can also use the RPA Publications Order Form to order printed materials by fax or mail. We also provide supplemental learning tools such as webcasts and practice examinations to assist with preparation for examinations. Register for and Pass Examinations. Simply register for the examinations that are required for the program(s) you are pursuing. Once you have successfully completed the required examination(s), you will be issued the certificate. CREDENTIAL Apply for the Credential. After successfully completing all necessary requirements, you can apply for credentialed membership with ASPPA, ACOPA, NAPA, and/or NTSA. Once awarded the credential, you will need to earn 40 hours of Continuing Education (CE) credit, two of which must be ethics credits, over a two-year cycle (on an ongoing basis) to maintain an active credential (some exclusions apply). (20 hours of continuing education (CE) credit including 2 Ethics Credits for CPFA/ QPFC only). If you are currently a credentialed member you can add an additional credential by completing the applicable requirements, and submitting an additional credential/upgrade credential application. 6 RETIREMENT PLAN ACADEMY

7 ASPPA Academy ASPPA IS THE FOUNDATION OF OUR TECHNICAL TRAINING PROGRAM THAT TURNS JOBS INTO CAREERS. ASPPA MEMBER, ROCHESTER, NY Designed for those whose goal is to advance in the area of qualified retirement plan administration and eventually move into plan consulting. CERTIFICATE PROGRAMS Retirement Plan Fundamentals (RPF) Defined Benefit Administration (DBA) Employee Stock Ownership Plan Administration (ESOP) CREDENTIAL PROGRAMS Qualified 401(k) Administrator (QKA) Qualified Pension Administrator (QPA) Certified Pension Consultant (CPC) Associated Professional Member (APM) Retirement plans, whether defined contribution (DC) or defined benefit (DB), are complex in operation and administration, and constantly changing as a result of markets, regulations, and plan requirements. Effectively administering these plans requires a deep understanding, not only of the financial principles that make them work, but the laws and regulations that support and govern them. The QKA, QPA, and CPC credentials provide the crucial underpinning of a career path in retirement plan administration, from the fundamentals of retirement plans to the skills and expertise needed to administer or provide independent consulting for a variety of retirement plan types. ASPPA the American Society of Pension Professionals & Actuaries and its affiliates, ACOPA, NAPA and NTSA, combine efforts to create the premier national organization(s) for career retirement plan professionals. The membership is comprised of the many disciplines supporting retirement income management and benefits policy. Members are part of the diversified, technical, and highly regulated benefits industry. Our organizations represent the most committed individuals of the profession those who have made a career of retirement plan and pension policy work. ASPPA ACADEMY 7

8 ASPPA Academy RETIREMENT PLAN FUNDAMENTALS CERTIFICATE (RPF) Why RPF Certifi cate? The Retirement Plan Fundamentals (RPF) course is the starting point for ASPPA education. Redeveloped for 2016, the RPF Modules provide an introduction to the most relevant topics of retirement plan administration and basic training on related skills. The six modules can be completed one by one in a short amount of time, allowing candidates to study at a pace that doesn t interfere with their responsibilities. For a complete outline of each module and learning objectives, download the syllabi from RPF MODULES The RPF modules provide flexible options for an education program customized to meet your needs and budget. The Lifecycle of a Plan module provides new hires or individuals serving in a non-administrative role with a solid overview of industry concepts. Individuals who perform specialized tasks focus on the topic modules that best fit their responsibilities. Candidates who handle a wide range of administrative responsibilities, or those who are looking to pursue an ASPPA credential can combine all six modules and earn the RPF Certificate. The Retirement Plan Fundamentals course material has become an integral part of our employee 401(k) training program. Through its wide range of topics and depth of information, this course has proven to be a solid foundation for providing the knowledge and insights necessary to assist clients and achieve even greater success in the recordkeeping industry. OVERVIEW Member Cost $450 (package of 6 modules) Experience Requirement 1 None Average Time to Obtain Less than 3 months Access Online: asppa-net.org/education/my-learningactivities Examination Requirement 2 Passing score on final exams for each of the six modules Exam Submission Deadline 3 December 14, 2016 (midnight, EST) Attempts 4 3 (per module) Format Open-book, online, untimed questions per module Multiple choice and multiple response questions 1 Recommended for entry-level retirement industry professionals or more seasoned professionals pursuing a credential. 2 Candidates do not need to purchase and pass all exams in the same calendar year in order to earn the RPF Certificate. Successfully completed exams are valid for eight and a half years from the date taken and passed. 3 Exam attempts that have not been submitted will expire as of midnight, December 14, 2016, and may not be transferred or postponed. 4 Candidates who fail all of the exam attempts for a module may only repurchase the modules and retake the exam the following year. 8 RETIREMENT PLAN ACADEMY

9 MODULE 1: THE LIFECYCLE OF A PLAN Types of retirement plans Benefits of offering and participating in employersponsored retirement plans Plan provisions and features (eligibility, entry, basic contribution types, vesting, distributable events) ERISA, DOL, and IRS oversight Roles and responsibilities MODULE 2: CONTRIBUTIONS Statutory eligibility requirements Determining eligibility and entry dates Enrollment and required forms, notices, and disclosures Contribution types (pre-tax, Roth, after-tax, rollover, matching, nonelective, QMACs, QNECs) Calculation of employer contributions Employee data MODULE 3: DISTRIBUTIONS Distributable events (termination, hardships, in-service, RMDs) Notices and consents Taxation and reporting Calculating available amounts Employer responsibilities MODULE 4: PARTICIPANT LOANS Laws that govern participant loans Requirements for written loan provisions Methods of setting interest rates Determining load eligibility Calculating the maximum loan amount Repayment, suspensions, defaults MODULE 5: TESTING Highly compensated employees Minimum coverage testing Annual contribution limits Nondiscrimination testing Top-heavy testing Key employees Annual reporting MODULE 6: NEW BUSINESS Conversion types Conversion timelines Coordinating responsibilities Blackout period and blackout notice Employee communications Plan provisions and required data Each module contains a pretest, downloadable study guides, online interactive practice activities, handouts, additional resources, and a three-attempt final exam (15-40 per module, 150 questions total). Successful completion of all 6 modules earns you the RPF Certificate and demonstrates that you have the foundational knowledge to pursue a career in retirement plan administration. The RPF Certificate is a prerequisite for ASPPA credentials. For 2016 only, the existing version of the RPF-1 and RPF-2 examinations and publications will still be available. For information on earning the RPF Certificate by taking the RPF-1 and RPF-2 exams, visit RETIREMENT PLAN FUNDAMENTALS (RPF) CERTIFICATE 9

10 EXAM ACCESS PERIOD SUBMISSION DEADLINE RPF-1 or RPF-2 Exam: Versions 1 & 2 Jan. 6 Dec. 14, 2016 (midnight, EST) Dec. 14, 2016 (midnight, EST) Professional Investment/Pricing The total cost includes the most cost-effective offerings for an individual. Optional preparatory materials and other product offerings/formats are also provided below. MEMBER NON-MEMBER Required Materials RPF-1 Exam $217 $217 RPF-2 Exam $217 $217 RPF-1 & RPF-2 Publication Course Set, 10th Edition (Single User PDF) $382 $424 Total Cost: $816 $858 MEMBER NON-MEMBER Required Materials Additional Formats RPF-1 or RPF-2 Publication, 10th Edition (Single User PDF) $217 $228 RPF-1 or RPF-2 Publication, 10th Edition (Printed) $241 $264 RPF-1 & RPF-2 Publication Course Set, 10th Edition (Multi-user Distributable PDF) $844 $844 Optional Preparatory Materials Elegant Ethical Solutions (Single User PDF) $20 $20 RPF-1 or RPF-2 Online Practice Exam single attempt $54 $54 RPF-1 or RPF-2 Online Practice Exam 3 attempts $105 $105 RPF-1 or RPF-2 Practice Exam Multi-user Distributable PDF $530 $530 RPF-1 or RPF-2 Online Practice Exam unlimited access (3 attempts $796 $796 per user) RPF-1 or RPF-2 Recorded Webcast Series Package* $423 $529 *Individual sessions available for purchase at the regular webcast rate. 10 RETIREMENT PLAN ACADEMY

11 DEFINED BENEFIT ADMINISTRATION CERTIFICATE (DB-A) ASPPA Academy Why DB-A Certifi cate? The DB-A Certificate is designed for administrators interested in expanding their knowledge of defined benefit plans. Whether you re looking to provide full defined benefit plan administration support to plan actuaries, improve your consulting abilities with defined benefit plan clients, or develop or refine basic actuarial skills, the DB-A certificate will help you achieve your goals. Designed for entry level to intermediate level DB administrators. The DB-A certificate program will provide the non-actuary with an understanding of the administration of a defined benefit plan, including the basics of determining contributions, applicable deadlines, calculations for termination and retirement benefits, and other critically important aspects of these types of plans. CURRICULUM/TOPICS COVERED Introduction to defined benefit plans Determining accrued benefits Present value calculations and alternate forms of benefits Hybrid and floor offset defined benefit pension plans Post-normal retirement age accruals Early retirement, disability, ancillary and incidental benefits Benefit limitations under IRC 415 Participant notices Plan assets Valuations Funding and accounting reports ASPPA Code of Professional Conduct Syllabus: Available at DB-A EXAMINATION DETAILS Open-book, online, untimed 75 true/false and multiple choice questions Passing score: 85% correct Immediate grade notification Certificate issuance upon successful completion of examination Examination Requirement Defined Benefit Administration (DB-A) Member Cost $513 Experience Requirement None Average Time to Obtain Less than 3 months Location asppa-net.org/education/my-learning-activities Submission Deadline December 14, 2016 (midnight, EST) OVERVIEW DEFINED BENEFIT ADMINISTRATION (DBA) CERTIFICATE 11

12 EXAM ACCESS PERIOD SUBMISSION DEADLINE DB-A Versions 1 & 2 Jan. 6 Dec. 14, 2016 (midnight, EST) Dec. 14, 2016 (midnight, EST) Professional Investment/Pricing The total cost includes the most cost-effective offerings for an individual. Optional preparatory materials are also provided below. MEMBER NON-MEMBER Required Materials DB-A Exam $217 $217 DB Study Guide: Administrative Issues of Defined Benefit Plans, 7th $296 $296 Edition (PDF) Total Cost: $513 $513 MEMBER NON-MEMBER Optional Preparatory Materials Administrative Issues of Defined Benefit Plans, 7th Edition (Printed) $313 $345 Elegant Ethical Solutions (Single User PDF) $20 $20 The ERISA Outline Book, current edition see for pricing 12 RETIREMENT PLAN ACADEMY

13 EMPLOYEE STOCK OWNERSHIP PLAN ADMINISTRATION CERTIFICATE (ESOP) ASPPA Academy Why ESOP Administration Certifi cate? The ESOP Administration Certificate is designed for professionals interested in expanding their knowledge of Employer Stock Ownership Plans (ESOPs); providing full ESOP administration services to their clients; improving their consulting abilities with ESOP clients; and becoming a more valuable asset to their employer. Designed for entry level to intermediate level ESOP administrators. The administration of ESOPs requires knowledge of unique allocation and compliance testing requirements. The ESOP Administration certificate will provide an understanding of critically important aspects of ESOPs, including the basics of determining contributions, the applicable deadlines, and calculations for termination and retirement benefits. Syllabus: Available at EXAMINATION DETAILS Open-book, online, untimed 75 true/false and multiple choice questions Passing score: 85% correct Immediate grade notification Certificate issuance upon successful completion of examination CURRICULUM/TOPICS COVERED ESOP overview Types of ESOPs ESOP requirements C Corporation vs. S Corporation ESOPs Leveraging an ESOP ESOP allocations and contributions Dividends on ESOP shares S Corporation ESOPs Distributions Diversification elections Annual reporting Voting rights Future planning Winding down ESOPs Administration and data requirements Examination Requirement Employee Stock Ownership Plan Administration (ESOP-A) Member Cost $449 Experience Requirement None Average Time to Obtain Less than 3 months Access asppa-net.org/education/my-learning-activities Submission Deadline December 14, 2016 (midnight, EST) OVERVIEW EMPLOYEE STOCK OWNERSHIP PLAN ADMINISTRATION (ESOP) CERTIFICATE 13

14 EXAM ACCESS PERIODS* SUBMISSION DEADLINES* ESOP-A: Versions 1& 2 *Dates subject to change. Jan. 6 Dec. 14, 2016 (midnight, EST) Dec. 14, 2016 (midnight, EST) Professional Investment/Pricing The total cost includes the most cost-effective offerings for an individual. Optional preparatory materials and other product offerings/formats are also provided below. MEMBER NON-MEMBER Required Materials ESOP-A Exam $217 $217 ESOPs for Plan Administrators, 2nd Edition (PDF) $232 $259 Total Cost: $449 $476 MEMBER NON-MEMBER Optional Preparatory Materials ESOPs for Plan Administrators, 2nd Edition (Printed) $258 $284 Elegant Ethical Solutions (Single User PDF) $20 $20 The ERISA Outline Book, current edition see for pricing 14 RETIREMENT PLAN ACADEMY

15 QUALIFIED 401(K) ADMINISTRATOR CREDENTIAL (QKA) ASPPA Academy Why QKA Credential? The curriculum for the QKA Credential provides a comprehensive foundation for plan administration, from basic concepts to tackling 401(k) plan compliance. Attaining the QKA credential proves that you have the knowledge and experience desired in today s competitive marketplace. Take that next step on your career path and enhance your value with employers, plan sponsors and participants by becoming a QKA today! While retirement plans have been part of the American workplace since the late 1800s, the number of workers covered, and the types of plans offered have changed dramatically in recent years. The education associated with the QKA credential will help you establish a solid foundation in retirement plan fundamentals. DC-1 BASIC CONCEPTS The DC-1 examination focuses on the law and regulations that govern the operation and qualification of retirement plans in general, including: Types of plans and plan qualification requirements Requirements for eligibility, participation coverage Highly compensated employees Key employees and top-heavy plans DC plan contributions and allocations Deductions Vesting requirements The QKA is the perfect next step in your retirement plan administration career. Plan amendments and terminations Annual reporting requirements The ASPPA Code of Professional Conduct Syllabus: Available at Examination Requirement Defined Contribution Administrative Issues Basic Concepts (DC-1) Defined Contribution Administrative Issues Compliance Issues (DC-2) Member Cost* $1,052 Experience Requirement A minimum of two years experience in retirement plan-related matters. Average Time to Obtain 18 months Educational Prerequisites Retirement Plan Fundamentals (RPF) Certificate OVERVIEW QUALIFIED 401(K) ADMINISTRATOR (QKA) CREDENTIAL 15

16 DC-2 COMPLIANCE ISSUES The DC-2 examination focuses on the law and regulations that govern the operation and qualification of 401(k) plans, employer contribution allocation methods and distribution issues in general, including: 401(k) basics 401(k) coverage and nondiscrimination Correction of failed actual deferral percentage (ADP) and actual contribution percentage (ACP) tests Special coverage and ADP/ACP testing rules Safe harbor 401(k) and 401(m) plans Special rules for participant-directed plans Allocation methods Distributions, taxation and participant loans ASPPA Code of Professional Conduct Syllabus: Available at DC-1 & DC-2 EXAMINATION DETAILS 65 multiple-choice questions 2.5 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade 2016 REGISTRATION DEADLINES EXAM WINDOWS EARLY FINAL Spring: April 4 June 24 April 1 May 13 Fall: August 1 December 9 September 16 October 28 MEMBER NON-MEMBER EARLY FINAL EARLY FINAL Required Materials DC-1 Exam $244 $323 $271 $350 DC-1 Exam (International) $297 $377 $328 $403 DC-2 Exam $244 $323 $271 $350 DC-2 Exam (International) $297 $377 $328 $403 Defined Contribution Plan Series Volume 1: Plan Qualification and Compliance Basics, 6th Edition (Single User PDF) $282 $311 Defined Contribution Plan Series Volume 2: 401(k) Plans and Intermediate Administration Topics, 6th Edition (Single User PDF) $282 $311 Total Cost*: $1,052 $1,210 $1,164 $1,322 Total Cost (International): $1,158 $1,318 $1,278 $1,428 *Total Cost does not include the cost of Retirement Plan Fundamentals (RPF) Certificate. For more information, see page RETIREMENT PLAN ACADEMY

17 MEMBER NON-MEMBER Required Materials Additional Formats Defined Contribution Plan Series Volume 1: Plan Qualification and Compliance Basics, 6th Edition (Printed) $313 $345 Defined Contribution Plan Series Volume 1: Plan Qualification and Compliance Basics, 6th Edition (Multi-user Distributable PDF) $2,042 $2,042 Defined Contribution Plan Series Volume 2: 401(k) Plans and Intermediate Administration Topics, 6th Edition (Printed) $313 $345 Defined Contribution Plan Series Volume 2: 401(k) Plans and Intermediate Administration Topics, 6th Edition (Multi-user $2,042 $2,042 Distributable PDF) Optional Preparatory Materials Elegant Ethical Solutions (Single User PDF) $20 $20 DC-1 or DC-2 Online Practice Exams single attempt $54 $54 DC-1 or DC-2 Online Practice Exams 3 attempts $105 $105 DC-1 or DC-2 Online Practice Exams unlimited access (3 attempts $796 $796 each user) DC-1 or DC-2 Practice Exams (Multi-user Distributable PDF) $530 $530 The ERISA Outline Book, current edition see for pricing QUALIFIED 401(K) ADMINISTRATOR (QKA) CREDENTIAL 17

18 ASPPA Academy QUALIFIED PENSION ADMINISTRATOR CREDENTIAL (QPA) Why QPA Credential? Attaining the QPA Credential demonstrates that you ve moved beyond basic defined contribution administration and gained basic knowledge regarding the administration of defined benefit plans. Employers actively seek professionals with the QPA credential because it acknowledges an advanced level of experience in the competitive plan administration marketplace. Boost your value and broaden your horizons with one of the most highly respected credentials in the industry! The technical intricacies of qualified plan compliance and reporting can be daunting, but a plan s sustainability depends on how well it follows the rules. The QPA credential enhances your technical expertise in the management and administration of these plans. It is the next step for those who have earned your QKA credential (or completed the QKA examination series) and want to expand your education to include the basics of defined benefit plans. DC-3 ADVANCED CONCEPTS The DC-3 examination focuses on the law and regulations governing corporate and other employer entities including: Leased employees Other employer situations Controlled groups and affiliated service groups Compensation Average benefit test and special rules Nondiscrimination Employee stock ownership plans (ESOPs) Fiduciary standards Prohibited transactions Distributions and life insurance ASPPA Code of Professional Conduct Having my QPA says to my clients and colleagues that I ve made the effort to stay up to date in the field, and that I can provide the best, most knowledgeable service possible. Syllabus: Available at DC-3 EXAMINATION DETAILS 55 multiple-choice questions 2 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade OVERVIEW Examination Requirement* Defined Contribution Administrative Issues Advanced Concepts (DC-3) Basics of Defined Benefits Plans (DB) Member Cost $1,066 Experience Requirement A minimum of two years experience in retirement plan-related matters. Average Time to Obtain 2 years Educational Prerequisites* Retirement Plan Fundamentals (RPF) Certificate Defined Contribution Administrative Issues Basic Concepts (DC-1) Defined Contribution Administrative Issues Compliance Issues (DC-2) 18 RETIREMENT PLAN ACADEMY * Enrolled Retirement Plan Agents (ERPAs) may apply for status as a QPA credentialed member with no further examination requirements.

19 DB EXAMINATION DETAILS 65 multiple-choice questions 2.5 hours to complete Proctored, delivered at Prometric testing centers Immediate notification of grade Syllabus: Available at NEW DB & DC-3 STUDY GUIDE EDITION AVAILABLE! An opportunity for Enrolled Retirement Plan Agents (ERPA). If the IRS has granted you ERPA status, you may submit an application for ASPPA s QPA credential. You ll have to meet all requirements as a credentialed ASPPA member going forward, but as long as you maintain your ERPA status, your ASPPA CE requirements are satisfied. QPA examination requirements will be waived for the purposes of obtaining the QPA credential. The next step for an ERPA is to obtain the CPC credential. An ERPA who has been awarded the QPA credential and wants to pursue the CPC credential will need to complete the four core CPC modules and two elective modules in addition to the DB and CPC proctored examinations. If you re an ERPA who wants to obtain other RPA credentials, please visit For more information on the ERPA program, visit REGISTRATION DEADLINES EXAM WINDOWS EARLY FINAL Spring: April 4 June 24 April 1 May 13 Fall: August 1 December 9 September 16 October 28 MEMBER NON-MEMBER EARLY FINAL EARLY FINAL Required Materials DC-3 Exam $244 $323 $271 $350 DB Exam $244 $323 $271 $350 Defined Contribution Plan Series Volume 3: Advanced Compliance and Administration Topics, 6th Edition $282 $311 (Single User PDF) DB Study Guide: Administrative Issues of Defined Benefit Plans, 7th Edition (Single User PDF) $296 $296 Total Cost: $1,066 $1,224 $1,149 $1,307 MEMBER NON-MEMBER Required Materials Additional Formats Defined Contribution Plan Series Volume 3: Advanced $313 $345 Compliance and Administration Topics, 6th Edition (Print) Defined Contribution Plan Series Volume 3: Advanced $2,045 $2,045 Compliance and Administration Topics, 6th Edition (Multi- User Distributable PDF) Optional Preparatory Materials Elegant Ethical Solutions (Single User PDF) $20 $20 DC-3 or DB Online Practice Exams single attempt $54 $54 DC-3 or DB Online Practice Exams 3 attempts $105 $105 DC-3 or DB Online Practice Exams unlimited access (3 $796 $796 attempts per user) DC-3 or DB Practice Exams (Multi-user Distributable PDF) $530 $530 The ERISA Outline Book, current edition see for pricing QUALIFIED PENSION ADMINISTRATOR (QPA) CREDENTIAL 19

20 ASPPA Academy CERTIFIED PENSION CONSULTANT CREDENTIAL (CPC) Why CPC Credential? Attaining the CPC Credential shows that you ve moved beyond basic administration into the more complex facets of retirement plan design and consulting. It demonstrates a deeper understanding of plan matters and an ability to communicate effectively. Employers actively seek professionals with the CPC credential because it acknowledges a level of experience and credibility in a competitive consulting marketplace. Boost your value and broaden your horizons with one of the most highly respected retirement plan industry credentials. A consultant for qualified plans needs to know much more than even the most complex administrative issues. The CPC credential shows clients that you re also an expert in all the design, financial, and fiduciary aspects of plans. Our plan consultants are currently pursuing their CPC credentials. The modules make great, practical continuing education. The exam is an appropriate test of consulting skills. ASPPA has created exactly the type of training that our staff needs to better consult with our clients. CORE CONSULTING MODULES MUST COMPLETE ALL Investments Distributions and Loans Fiduciary Topics Related Groups and Business Transactions ELECTIVE CONSULTING MODULES MUST COMPLETE TWO (2) Employee Stock Ownership Plans (ESOPs) Governmental and Tax-Exempt Plans Nonqualified Plans Cash Balance MODULE STUDY MATERIALS & DETAILS Each module includes study materials and an online examination. Multiple choice questions that reflect real-life situations from consulting practice. Complete modules online at your own pace; updated and offered semi-annually. Modules are designed to assess not only mastery of material but also the candidate s ability to research complex issues and provide appropriate client recommendations. Some independent research beyond the provided materials may be required to answer the questions. OVERVIEW Examination Requirement Certified Pension Consultant (CPC) Proctored Examination Four Core Consulting Modules Two Elective Consulting Modules Experience Requirement A minimum of three years experience in retirement plan-related matters. Educational Prerequisites QPA Examination Series CPC Examination Dates Spring Semester: June 15 Fall Semester: November 16 Member Cost $1, RETIREMENT PLAN ACADEMY

21 CPC PROCTORED EXAMINATION 8 multipart essay questions, covering the following topics: Business entities and related groups Coverage and nondiscrimination testing 401(k) plans Defined benefit plans Distributions and loans Fiduciary responsibilities, including ERISA 404(c) Correction programs and ethics Plan design Syllabus: Available at CPC EXAMINATION DETAILS 8 multipart essay questions 4.5 hours to complete Proctored, delivered at Prometric testing centers Results mailed to candidates 8-10 weeks after exam CPC MODULE WINDOWS 2016 REGISTRATION DEADLINES 1st Semester: January 4 June 24 May 13 2nd Semester: July 1 December 9 December 1 CPC EXAM DATES 2015 REGISTRATION DEADLINES EARLY FINAL Spring: June 15 April 1 May 13 Fall: November 16 September 16 October 28 MEMBER NON-MEMBER EARLY FINAL EARLY FINAL Required Materials CPC Modules (includes Core Package & 2 Electives) $737 $737 $875 $875 CPC Exam $324 $403 $350 $430 Advanced Retirement Plan Consulting, 5th Edition (Single User PDF) $217 $240 Total Cost: $1,278 $1,357 $1,465 $1,545 MEMBER NON-MEMBER Required Materials Additional Formats CPC Modules each purchased separately $147 $175 CPC Modules Core Package $443 $525 Optional Preparatory Materials Elegant Ethical Solutions (Single User PDF) $20 $20 CPC Practice Exam (Single User PDF) $54 $54 CPC Practice Exam (Multi-user Distributable PDF) $530 $530 The ERISA Outline Book, current edition see for pricing CERTIFIED PENSION CONSULTANT (CPC) CREDENTIAL 21

22 NAPA Academy Financial Consulting Track ONLINE TRAINING 401(k) Practice Builder CREDENTIAL PROGRAMS Qualified Plan Financial Consultant (QPFC) Certified Plan Fiduciary Advisor (CPFA) Defined contribution retirement plans offer employees a selection of carefully chosen investments in order to make sure their longterm retirement goals can be realized. The Financial Consulting Track provides retirement professionals with the knowledge they need to advise both participants and sponsors of retirement plans. More than mere education, the 401(k) Practice Builder is specifically designed to provide advisors with the foundational knowledge essential to 401(k) plan sales. The CPFA credential is the right choice for you if you sell, advise, market or support qualified retirement plans. The National Association of Plan Advisors is a sister organization of the American Retirement Association, created by and for retirement plan advisors. The primary goal is to further the interests of retirement plan advisors and those who support them in a number of ways, including advocacy, conferences, education, research and media like NAPA Net, the NAPA Net Daily, and NAPA Net the Magazine. NAPA is the only advocacy group exclusively focused on the issues that matter to retirement plan advisors. 22 NAPA ACADEMY

23 NAPA 401(K) PRACTICE BUILDER NAPA Academy Why NAPA 401(k) Practice Builder? NAPA s 401(k) Practice Builder is: Effective straightforward explanations of complex industry concepts Practical modules are designed to address real-world sales encounters Efficient advisors complete the entire series in approximately 3 hours Convenient online modules designed for onthe-go advisors Engaging Interactive online modules produce a more productive learning experience Cost-Effective $257 per advisor Online modular education that provides advisors with the foundational knowledge essential to 401(k) plan sales. MODULE 1: UNDERSTANDING 401(K) PLANS Employee & employer contributions 401(k) plan arrangements Have confident conversations with prospects MODULE 2: 401 (K) PLAN FEATURES, DOCUMENTS, AND TESTING Common features of 401(k) plans The purpose of plan documents Basic compliance testing Deliver effective solutions to prospects Advisors will gain the knowledge they need to: Successfully sell and manage 401(k) plans Diversify their client base Sponsoring advisory firms will: Reduce the risk of costly sales process errors Provide added value to existing sales talent Attract new sales talent MODULE 3: 401(K) PLAN PRODUCTS AND PLAYERS Service provider roles & responsibilities Understanding fiduciary services Basic product arrangements Recruit strategic partners to fulfill prospect needs MODULE 4: YOUR SERVICE MODEL The 4-step 401(k) plan sales process Service & fee disclosures Standard and value added advisory service models The 401(k) plan sales process Develop successful sales and service models MODULE 5: AFTER THE SALE: 401(K) PLAN MANAGEMENT Transferring 401(k) plan assets Ongoing plan management advisory responsibilities Communicating your value to clients Build valuable referral sources and retain clients Examination Requirement None Member Cost $257 Experience Requirement None Average Time to Complete 2-3 hours Access napa-net.org/education/my-learning-activities OVERVIEW NAPA 401(K) PRACTICE BUILDER 23

24 NAPA Academy CERTIFIED PLAN FIDUCIARY ADVISOR CREDENTIAL (CPFA) Why CPFA Credential? Federal law regulates standards of conduct for those who manage qualified retirement plans. Financial advisors who sell and service these plans must act in accordance with these basic fiduciary principles. NAPA plan advisors who earn their CPFA demonstrate the expertise required to act as a plan fiduciary or help plan fiduciaries manage their roles and responsibilities. Be a better plan advisor. Earn NAPA s CPFA designation and earn the trust of your prospects, clients, and your firm. Find out more at CPFA EXAMINATION The CPFA examination focuses on: Fiduciary Definition, Duties and Responsibilities under ERISA Named and Inadvertent Fiduciaries Fiduciary Oversight Plan Governance Fiduciary and Non-fiduciary Service Providers Roles and Responsibilities Investment Advice vs. Education Service Provider Selection Prudent Process Service Provider Compensation and Revenue Sharing Oversight of Plan Expenses Fiduciary File Documents and Update Prohibited Transactions Rules & Exemptions Fiduciary Breach, Liability and Correction Fiduciary Liability Insurance and Fidelity Bond Educating Fiduciaries on Plan Investments Plan Investment Selection and Oversight Investment Policy Statement Qualified Plan Types and Provisions Required Daily Activities, Plan Operation Errors and Prevention Fiduciary Meetings and Education Understanding the Plan Sponsor: Goals and Objectives Entity Type, Related Company Ownership, Budget and Cash Flow Participant Outcome Goals, Participant Education, Reenrollment and Behavioral Finance Plan Conversions Plan Document and Adoption Agreements Best Practices and Prudent Process Ethics and the Role of the Advisor OVERVIEW Examination Requirement CPFA Examination Member Cost $857 Experience Requirement None Average Time to Obtain 2 months Educational Prerequisites None 24 CERTIFIED PLAN FIDUCIARY ADVISOR (CPFA) CREDENTIAL

25 CPFA STUDY MATERIALS To study for the examination candidates may purchase the online course. These modules contain: All content covered in the examination, presented using case studies; Interactive practice activities based on real life situations; Multiple-choice sample questions that mimic questions found on the examination; Additional resources for continuous learning Syllabus: Available at CPFA EXAMINATION DETAILS 75 multiple-choice questions 3 hours to complete Proctored, delivered at Prometric testing centers Immediate grade notification Members who successfuly complete the CPFA exam may choose between the CPFA and QPFC designation. Members who completed the QPFC exam requirements can be grandfathered into the CPFA credential. EXAM WINDOW 2016 REGISTRATION DEADLINES EARLY FINAL Fall: August 1 December 9 September 16 October 28 MEMBER NON-MEMBER Required Materials CPFA Online Course $613 $922 CPFA Exam $244 $271 RETIREMENT PLAN ACADEMY 25

26 NTSA Academy Tax-Exempt & Governmental Plan Administration, Compliance and Consulting Track CERTIFICATE PROGRAM Tax-Exempt & Governmental Plan Administration (TGPA) CREDENTIAL PROGRAM Tax-Exempt & Governmental Plan Consultant (TGPC) This track is for professionals who specialize in managing retirement plans for state and local governments, educational and religious institutions, and nonprofit organizations. Building upon the education gained from earning the TGPA certificate, the TGPC credential expands into the sales, marketing, and consultative aspects of 403(b), 457, and other plans maintained by tax-exempt and governmental entities. The National Tax-deferred Savings Association (NTSA) is a sister organization of the American Retirement Association. Representing more than 3,000 members, NTSA s mission is critically important for the public-sector retirement system, enhancing employee empowerment in the defined contribution plan market and developing the tools to help public-sector employees achieve success. For more than a quarter century, NTSA has been nationally recognized for its thought leadership and policy expertise with regard to public-sector retirement plans. NTSA represents its membership in Washington, D.C. and state capitals across the country, as it works with public-sector stakeholders, policy makers and legislators to address issues and design retirement plans that improve employee outcomes. NTSA also provides high-quality education, professional development, and information resources. 26 NTSA ACADEMY

27 TAX-EXEMPT & GOVERNMENTAL PLAN ADMINISTRATION CERTIFICATE (TGPA) NTSA Academy Why TGPA Certifi cate? Retirement plans for state and municipal governments, educational and religious institutions, and nonprofit organizations play by different rules. The TGPA certificate is your introduction to those rules and the perfect starting point for a career in tax-exempt and governmental plan administration. The TGPC-1 examination is required for the TGPA certificate and also serves as a gateway to the TGPC credential, NTSA s credential for retirement plan professionals specializing in the 403(b) and/or 457 marketplace and other plans maintained by tax-exempt and governmental entities. CURRICULUM/TOPICS COVERED 403(b), 457, and other governmental plans Compliance requirements and nondiscrimination rules Eligibility and vesting Contributions: allocation formulas, types, and limits Reporting and disclosure; plan documentation Allowable investments; contract exchanges and planto-plan transfers Ethics and professional responsibility TPGC-1 EXAMINATION DETAILS Open-book, online, untimed 75 true/false and multiple choice questions Passing score: 85% correct Immediate grade notification Certificate issuance upon successful completion of examination Syllabus: Available at Examination Requirement Tax-Exempt & Governmental Plan Administration (TGPC-1) Member Cost $461 Experience Requirement None Average Time to Obtain Less than 3 months Access napa-net.org/education/my-learning-activities Submission Deadline December 14, 2016 (midnight, EST) OVERVIEW TAX-EXEMPT & GOVERNMENTAL PLAN ADMINISTRATION (TGPA) CERTIFICATE 27

28 MEMBER NON-MEMBER Required Materials TGPC-1 Exam $217 $217 Tax Exempt & Governmental Plan Administration Study Guide, 1st Edition (Single User PDF) $244 $270 Total Cost: $461 $487 MEMBER NON-MEMBER Optional Preparatory Materials Tax Exempt & Governmental Plan Administration Study Guide, 1st Edition (Print) $270 $296 Elegant Ethical Solutions (Single User PDF) $20 $20 TGPC-1 Online Practice Exam single attempt $54 $54 TGPC-1 Online Practice Exam 3 attempts $105 $105 TGPC-1 Online Practice Exam unlimited access (3 attempts per user) $796 $796 TGPC-1 Practice Exam (Multi-user Distributable PDF) $530 $ RETIREMENT PLAN ACADEMY

29 NTSA Academy TAX-EXEMPT & GOVERNMENTAL PLAN CONSULTANT CREDENTIAL (TGPC) Why TGPC Credential? The TGPC credential provides you with the knowledge needed to succeed in the tax-exempt and governmental retirement marketplace, whether you are a financial advisor, consultant, or administrator. Earning the TGPC credential demonstrates a broad background of expertise with tax-exempt and governmental entities from the nuts and bolts of plan types like 403(b) and 457s, to plan exchanges, rollovers and fiduciary issues. You will also gain insights that will allow you to develop your prospecting and marketing skills. Show your commitment to the tax-exempt and governmental plan marketplace by becoming a TGPC! Building upon the education gained from the TGPA certificate, the TGPC credential expands into the sales, marketing, and consultative aspects of 403(b), 457, and other plans maintained by tax-exempt and governmental entities. It is designed to educate professionals who specialize in this marketplace. TGPC-2: SALES, MARKETING AND CONSULTATIVE ASPECTS 403(b), 457, and governmental plans Religious organization plans Fiduciary standards and responsibilities Traditional IRAs and Roth IRAs Ethics and professional responsibility TGPC-2 EXAMINATION DETAILS 65 multiple-choice questions, proctored 2.5 hours to complete Proctored, delivered at Prometric testing centers Immediate grade notification Syllabus: Available at Member Cost $995 Average Time to Obtain 12 months Educational Prerequisites Tax-Exempt & Governmental Plan Administration (TGPC-1) Examination Requirement Tax-Exempt & Governmental Plan Consultant (TGPC-2) Experience Requirement 2-3 years of retirement plan related experience Additional Requirements (one of the following): Series 6, 7, or 65 license issued by FINRA and two letters of reference demonstrating at least two years of retirement plan related experience; State life or annuity insurance license and two letters of reference demonstrating at least two years of retirement plan related experience; Investment Advisor Representative or Registered Investment Advisor credential and two letters of reference demonstrating at least two years of tax-exempt and/or governmental plan related experience; or Two letters of reference demonstrating at least three years of retirement plan experience. OVERVIEW TAX-EXEMPT & GOVERNMENTAL PLAN CONSULTANT (TGPC) CREDENTIAL 29

30 Because of the overwhelming changes in the 403(b) marketplace, having the TGPC credential is essential. It s also a key part of our marketing strategy that has given our firm a significant competitive advantage. NTSA member, Akron, OH 2016 REGISTRATION DEADLINES EXAM WINDOWS EARLY FINAL Spring: April 4 June 24 April 1 May 13 Fall: August 1 December 9 September 16 October 28 MEMBER NON-MEMBER EARLY FINAL EARLY FINAL Required Materials TGPC-1 Exam $217 $211 $217 $211 TGPC-2 Exam $244 $323 $271 $350 TGPC-1 Study Guide, 1st Edition (PDF) $244 $271 The Source: 403(b) and 457(b) Plans, 5th Edition (Print) $270 $296 Elegant Ethical Solutions (Single User PDF) $20 $20 Total Cost: $995 $1,068 $1,075 $1,148 MEMBER NON-MEMBER Optional Preparatory Materials TGPC-1 Study Guide, 1st Edition (Print) $270 $296 TGPC-1 or TGPC-2 Online Practice Exam single attempt $54 $54 TGPC-1 or TGPC-2 Online Practice Exam 3 attempts $105 $105 TGPC-1 or TGPC-2 Online Practice Exam unlimited access (3 attempts per user) $796 $796 TGPC-1 or TGPC-2 Practice Exam (Multi-user Distributable PDF) $530 $ RETIREMENT PLAN ACADEMY

31 ACOPA Center Actuarial Consulting Track CREDENTIAL PROGRAMS Member, Society of Pension Actuaries (MSPA) Fellow, Society of Pension Actuaries (FSPA) Enrolled Actuaries (EAs) are qualified by the Joint Board for the Enrollment of Actuaries (JBEA), an entity of the IRS, to perform actuarial services on qualified retirement plans under the Employee Retirement Income Security Act (ERISA) of EAs are essential to the design and management of defined benefit retirement plans regulated by ERISA. The ASPPA College of Pension Actuaries (ACOPA) is an affiliated organization that supports EAs by offering two actuarial credentials within the Actuarial Consulting Track Member, Society of Pension Actuaries (MSPA) and Fellow, Society of Pension Actuaries (FSPA). The ASPPA College of Pension Actuaries is responsible for identifying and addressing the professional development needs of the actuarial membership of ASPPA. ACOPA members serve as representatives on ASPPA committees and subcommittees in order to enhance the actuarial content of programming and planning. ACOPA plays the primary role in content creation for ASPPA s Government Affairs Committee in the preparation of formal comments, position papers, and other relevant pronouncements involving federal regulatory authorities including Treasury, IRS, DOL, PBGC or SEC. ACOPA CENTER 31

32 ACOPA Center MEMBER, SOCIETY OF PENSION ACTUARIES CREDENTIAL (MSPA) Why MSPA Credential? The MSPA Program was created for individuals providing defined benefit or actuarial consulting who are currently Enrolled Actuaries in good standing. EXAMINATION REQUIREMENTS Three examinations to acquire the Enrolled Actuary (EA) designation co-sponsored by ASPPA, the Society of Actuaries (SOA) and the Joint Board for the Enrollment of Actuaries (JBEA): EA-1 EA-2 (Segment L) EA-2 (Segment F) Applications for the EA examinations may be obtained from the Society of Actuaries by visiting No ASPPA examinations are required. EXPERIENCE REQUIREMENT Applicants who have been approved for Enrolled Actuary status by the Joint Board for Enrollment of Actuaries may apply for the MSPA credential. WHO IS ELIGIBLE FOR THE MSPA CREDENTIAL? Any enrolled actuary in good standing. TO LEARN MORE, VISIT: The main advantage of earning the MSPA is my connection to ASPPA. Trying to keep up with changes in the pension area is almost impossible, especially if you re with a smaller firm. Having the MSPA has given me an invaluable network of MSPAs and other pension professionals whom I can reach out to whenever needed. ACOPA member, Arlington Hts, IL 32 MEMBER, SOCIETY OF PENSION ACTUARIES (MSPA) CREDENTIAL

33 FELLOW, SOCIETY OF PENSION ACTUARIES CREDENTIAL (FSPA) ACOPA Center Why FSPA Credential? Your FSPA Credential will be valuable to an employer looking to market the strength of their actuarial consulting services and increase their business opportunities by providing advanced consulting services. The FSPA credential is valuable to actuaries interested in: Expanding professional education and knowledge; Recognition as consulting actuaries; Growing client relationships through enhanced communications and plan design opportunities; Becoming more marketable; and Developing skills that can grow business opportunities. As the culminating designation for the actuary ACOPA member, the FSPA credential provides an opportunity for a successful candidate to demonstrate a level of knowledge and understanding of the private pension system that is above and beyond what is tested on the Enrolled Actuary examinations. The FSPA program has been expanded to include several new topics and an oral component to make the credential more valuable to a broader range of consulting firms. The FSPA credential can be obtained through the examination or experience nomination path. EXPERIENCE NOMINATION PATH MSPAs who have been practicing in the pension actuarial field for at least 15 years can be honored with the FSPA credential for demonstration of technical and thought leadership in the pension actuarial field over an extended period of time at a very high level. A candidate for the FSPA designation under this track must be nominated by at least two ACOPA members who attest to the candidate s accomplishments, and the candidate must furnish a detailed description of his or her accomplishments and qualifications. A nominee must be an Enrolled Actuary in good standing who has never been subject to discipline (not counseling) by any professional organization. To be considered for 2016, the completed application form must be submitted by June 24, Completed applications will be considered by a committee of five current FSPA s following the submission deadline, and new FSPAs will be awarded the designation at the ACOPA Transition Meeting in conjunction with the ASPPA Annual Conference in October In considering whether nominated applicants have demonstrated technical and thought leadership in the pension actuarial field over an extended period of time at a very high level, the committee will consider the length of the candidate s career, the testimonials of the two nominating members, and the candidate s own description of his or her accomplishments and qualifications. While this list is not exhaustive, the following shall be considered as evidence of qualifications: Speaking at national conference sponsored by ASPPA Academy, SOA, NIPA, IRS, SunGard or other nationally recognized sponsors Teaching classes for nationally recognized sponsors, colleges and/or universities Advanced degrees in actuarial science Other designations issued by national organizations, such as ASPPA, SOA, CEBs, and others Articles and papers published in professional, trade or other press Participation and leadership in ASPPA GAC, ASPPA E&E and the Pension Practice Council of the Academy and similar experience Testimony before Congress, state legislators and/ or regulators To learn more visit RETIREMENT PLAN ACADEMY 33

34 34 EXAMINATION PATH Examination Requirements CPC essay exam (see page 21) Passing both the Advanced Actuarial Practice (A-4) exam and oral presentation Member Cost $1,146 Experience Requirement Enrolled Actuary Designation Average Time to Obtain 18 months Educational Prerequisites Enrolled Actuary Designation Publications & Supplemental Study Aids: Advanced Retirement Plan Consulting, 5th Edition Elegant Ethical Solutions (recommended reading) CPC Practice Examination A-4 EXAMINATION In order to pass the A-4 examination, the candidate must obtain both a passing score on the written examination, and a passing grade on the oral presentation. If a candidate receives a pass on the oral presentation but receives a fail on the written examination, the pass on the oral presentation will stand to give the candidate another opportunity to pass the written examination within the next 12 months. Written Component The written component contains eight essay questions, drawn from two sections (A topics and B topics, below). Candidates must answer all questions from the A topics list below and three of the four questions from B topics listed below. Note that while there are seven B topics, only four B topics will be tested. A Topics Actuarial cost methods Form 5500 Schedule SB completion Actuarial Standards of Practice (ASOPs) The Code of Professional Conduct Plan qualification requirements Plan design Financial Accounting Standard (FAS) requirements Actuarial report completion Plan termination issues RETIREMENT PLAN ACADEMY Fiduciary liability Distributions Controlled group/affiliated service groups B Topics Plan designs Valuation of post-retirement medical benefits Forecasting Expert witness services Nonqualified plans Multiple employer plans Defined benefit plan investments Oral Component The oral component is a one hour conference call defending the answer on one selected written examination question A-4 EXAMINATION DETAILS Written Component 8 essay questions 4 hours to complete Taken at pre-approved proctored location Oral Component One hour conference call Syllabus Available at How much study time is required? Though exact study time varies by individual, it takes 350 to 500 hours of study time to successfully complete the credentialing program. Where can I take the examinations? The CPC essay examination is proctored and delivered at Prometric testing centers nationwide. (See page 21). The A-4 essay examination is completed at an ASPPA/ ACOPA pre-approved location (to be provided by the candidate) by a pre-approved proctor. The oral component of the A-4 examination is provided via a conference call (travel is not required). When can I take the examinations? Within a month of the written A-4 examination, contact will be made with the candidate to schedule the one-hour oral presentation. The CPC and A-4 examinations are available two times per year.

35 EXPERIENCE NOMINATION PATH Examination Requirement None Experience Requirement 15 Years Educational Prerequisites MSPA Credential Additional Prerequisites Nomination by at least 2 ACOPA members. Detailed descriptions of accomplishments and qualifications. Be an EA in good standing, Submission Deadline June 24, 2016 (midnight, EST) OVERVIEW EXAM & DATE CPC & A-4 EXAMINATION REGISTRATION DEADLINES EARLY REGISTRATION DEADLINES FINAL SPRING CPC: June 11 April 1 May 13 A-4: June 11 FALL CPC: Nov. 12 A-4: Nov. 12 September 16 October 28 MEMBER NON-MEMBER EARLY FINAL EARLY FINAL Required Materials CPC Exam $324 $403 $350 $417 A-4 Exam $324 $403 $350 $417 CPC Study Guide: Advanced Retirement Plan Consulting, 5th Edition (Single User PDF) $192 $233 A-4 Compendium of Readings: Advanced Actuarial Practice, 3rd Edition $326 $359 Total Cost: $1,166 $1,166 $1,292 $1,292 MEMBER NON-MEMBER Optional Preparatory Materials Elegant Ethical Solutions (Single User PDF) $20 $20 CPC Practice Exam (Single User PDF) $54 $54 CPC Practice Exam (Multi-user Distributable PDF) $530 $530 The ERISA Outline Book, current edition see for pricing FELLOW, SOCIETY OF PENSION ACTUARIES (MSPA) CREDENTIAL 35

36 ASSOCIATED PROFESSIONAL MEMBER (APM) CREDENTIAL Why APM? The APM is designed for retirement plan professionals who are licensed Certified Public Accounts or attorneys. Although no examinations are required, APMs are also subject to ASPPA s continuing education (CE) and professional conduct requirements. EXPERIENCE REQUIREMENT Licensed professionals from these disciplines with a minimum of three years of experience in retirement plan related matters are qualified to apply for the APM credential. Professionals who attained the Associated Professional Member credential prior to October 16, 2010 are automatically grandfathered into the current credential requirements. BENEFITS OF MEMBERSHIP Why Join? Whether ASPPA, NAPA, NTSA or ACOPA we have the right home for you. There are two ways to join as an Affiliate Member or as a Credentialed Member. Learn more today at the association website associated with the membership you are interested in (refer to page 2 for details). Members stay ahead of their peers with access to unmatched levels of education, information, networking and advocacy. Earn valuable credentials through professional development. Up-to-date regulatory and legislative news. Discounted membership rates at national and regional conferences. Network with industry experts. Benefit from industry representation in Washington, DC. Discounted membership educational products. 36 RETIREMENT PLAN ACADEMY

37 Education, Anytime, Anywhere Timely Flexible Broaden your knowledge Use for training Examinations Career and industry advancement are distinguishing characteristics of all ASPPA, ACOPA, NAPA, and NTSA activities. Dedicated to providing practical and scholastic education programs, RPA s certificate and credentialing programs are carefully expanded and improved each year to address regulatory and legislative changes affecting the pension system and the work of retirement plan professionals. We also recognize the importance of providing quality, on-demand, topical, and timely continuing education, including: WEBCASTS The RPA keeps you up to date on breaking topics and ever-changing rules and regulations through live and on-demand webcasts. Follow upcoming and current webcasts at Webcast series for the Retirement Plan Fundamentals (RPF) certificate programs is also available! CPC CONSULTING MODULES Modules are beneficial to everyone including those not currently pursuing a credential. Modules also lead to ASPPA s Certified Pension Consultant (CPC) credential. Learn more at Distributions & Loans Investments Fiduciary Topics Related Groups & Business Transactions ESOPs Governmental & Tax-Exempt Plans Nonqualified Plans Cash Balance CONTINUING EDUCATION OPPORTUNITIES CPFA ONLINE COURSE MODULES ERISA Fiduciary Roles and Responsibilities ERISA Fiduciary Oversight ERISA Plan Investment Management ERISA Plan Management IN-PERSON NETWORKING ABC Meetings Retirement plan professionals and plan sponsors, together within their communities and among their members, enjoy the year-round benefits of education focused seminars addressing current and relevant issues impacting the retirement plan industry. Education and networking are the hallmark activities of the ABCs. Conferences Exchange views and network with top players in the retirement plan industry at ASPPA, ACOPA, NAPA, and NTSA national and regional conferences. The schedule for upcoming conferences is available at Plan Consultant Magazine Plan Consultant is a quarterly publication designed to help retirement plan professionals improve their skills, enhance their knowledge, and conduct their businesses professionally, ethically, efficiently and creatively. Contentbased quizzes for CE are also available. RETIREMENT PLAN ACADEMY 37

38 SUPPLEMENTAL STUDY MATERIALS PUBLICATIONS Check out our array of publications, including many that also serve as reference guides, at PRACTICE EXAMINATIONS The most popular study tool for candidates, practice exams allow you to test your preparedness and identify weaknesses before taking an exam, while offering an opportunity to gain familiarity with exam question formats. Single-user PDF practice exams are no longer offered; rather they are all offered as online practice exams with either a single attempt or a 3-attempt available for purchase. Order at practice-exams. Distributable PDFs also available. CPC Practice Exam available in PDF only. RETIREMENT PLAN FUNDAMENTALS (RPF) WEBCAST SERIES The webcast series establishes the groundwork in retirement plan terminology, issues, and requirements for individuals beginning a career, reentering the retirement field, or commencing the credentialing process. Packages are available to meet a wide variety of individual needs and budgets. For more information, visit org/rpf. THE ERISA OUTLINE BOOK The ERISA Outline Book, by Sal L. Tripodi, APM, J.D., LL.M, is both a reference book and a study guide on qualified plans, presented in outline format and fully indexed. It is the recommended study resource for the IRS Enrolled Retirement Plan Agent (ERPA) Program. The online version of The ERISA Outline Book is now updated four times per year and available in 12-month subscription format, providing online subscription holders 12 months of access to the most relevant updates during the year and will be updated quarterly in Online purchasers receive secure access to a fully searchable and cross-referenced website. Single and multiple-user licenses can be purchased in various configurations to suit the needs of your organization. The ERISA Outline Book is also available in print format. The ASPPA Academy also offers a Print & Online package. For more information and pricing, visit or to purchase, visit the Bookstore at ecommerce.asppa-net.org/bookstore EDUCATION CALENDAR For updates to the calendar please visit org/rpa-calendar (dates are subject to change). Please note that if a deadline date falls on a weekend, the official date shall be the first business day following the weekend. 38 RETIREMENT PLAN ACADEMY

39 CONTINUING EDUCATION Visit to learn about the different types of Continuing Education (CE) credit available to ASPPA, ACOPA, NAPA, and NTSA s membership. CE GUIDELINES Credentialed members are required to earn 40 hours of CE credit including two ethics credits every twoyear cycle to maintain an active credential (some exclusions apply). Credits are reported online via the online reporting form available on the ASPPA website. Credentialed members CE reporting is subject to audit. Review the CE Guidelines today at org/ceguidelines. See Page 6 for CPFA CE difference. EDUCATIONAL MATERIAL COPYRIGHT It is important to note that all RPA examination and educational materials are copyrighted. No examination or educational materials can be copied, reproduced or shared in any form by any means without written permission from ASPPA, ACOPA, NAPA, or NTSA. In an effort to provide educational opportunities, specific multi-user distributable products are offered (see details below). MULTI-USER DISTRIBUTABLE EDUCATIONAL MATERIALS Please note that only products noted as multi-user distributable can be distributed. Purchasers of these products are allowed to distribute to direct employees of their Company. In addition, authorized Universities offering Retirement Plan Academy education are eligible to distribute the purchased materials to their students. Purchasers of multi-user distributable products are prohibited from distribution of these materials to any other parties unless agreed upon by ASPPA, ACOPA, NAPA, or NTSA in writing. Materials may be ed directly to the above-mentioned parties or published on a non-public portion of the Purchaser s website for access/distribution. Materials may not be placed on a site that has general public access. All other use or distribution of these materials is explicitly prohibited unless otherwise approved in writing by the Retirement Plan Academy. EXAMINATION-TAKING TIPS If it s been awhile since you ve taken an exam, or if you re just worried about taking a test, check out the tips and strategies we offer at candidate-corner. EXAMINATION & EDUCATION POLICIES For complete examination policies and procedures visit INFORMATION TO KNOW EXAMINATION AND PUBLICATION ERRATA & REFERENCES As needed, errata to required reading material, practice examinations and online examinations will be posted online at It is the candidate s responsibility to check this page regularly for any updates prior to taking an examination. EXAMINATION WAIVERS, GRANDFATHERING & TRANSITION RULES Many of the RPA s certificate and credential program examinations are waived for the purposes of obtaining credentials. Before registering for an examination please take a moment to review the examination waivers and grandfathering and transition rules available online at VOLUNTEER OPPORTUNITIES Volunteering is a great opportunity for networking and earning valuable Continuing Education credit. It can also be a pathway to leadership positions. Members interested in volunteering should complete and submit the volunteer application available in the Members Only section of our website (indicate your preference for our various volunteer positions) within the RPA section of the form. For more information on volunteering with the RPA please visit org/ee-volunteer. ENROLLED RETIREMENT PLAN AGENT (ERPA) PROGRAM* The Enrolled Retirement Plan Agent, or ERPA, is a classification of a professional allowed to practice before the IRS. The IRS recognizes that retirement plan professionals are highly competent in their field and play an active and critical role in representing employers before the IRS on retirement plan matters. For more information on the ERPA program, please visit Most of ASPPA, ACOPA, NAPA, and NTSA educational offerings, including conferences, are eligible for ERPA CE credit. *Note: Effective February 13, 2016, the IRS will no longer be offering the ERPA Program. RETIREMENT PLAN ACADEMY 39

40 AT A GLANCE: RPA CERTIFICATE & CREDENTIAL EXAM REQUIREMENTS Find the Certificate or Credential that fits your career path. Review exam and module waivers at EXAMS Required RPF Modules (new) RPF-1 (existing) RPF-2 (existing) DC-1 DC-2 DC-3 DB CPC Modules CPC CPFA TGPC-1 TGPC-2 EA-1* EA-2* A-4 DB-A ESOP-A ASPPA Academy - Plan Administration, Compliance and ERISA Consulting Track RPF Certificate DBA Certificate ESOP Certificate APM Credential no exams required QKA Credential QPA Credential CPC Credential NAPA Academy - Financial Consulting Track CPFA Credential QPFC Credential NTSA Academy - Tax-Exempt & Governmental Plan Administration, Compliance and Consulting Track TGPA Certificate TGPC Credential ACOPA Center - Actuarial Consulting Track MSPA Credential FSPA Credential** *Exams administered by the Society of Actuaries, **New experience nomination path also available. 40 RETIREMENT PLAN ACADEMY

41 THE 2016 ERISA OUTLINE BOOK Sal L. Tripodi, J.D., LL.M. ONLINE VERSION NOW UPDATED QUARTERLY

42 RPA OFFERINGS: CONTINUING EDUCATION CREDITS Number of ASPPA, ERPA, and JBEA credits per each RPA product offering: Exams/Modules ASPPA ERPA JBEA Core JBEA Non-core Grade Requirement ASPPA ERPA JBEA RPF Pass Pass N/A RPF Pass Pass N/A TGPC Pass Pass N/A DC See below* Pass Pass DC See below* Pass Pass DC See below* Pass Pass DB See below* Pass Pass CPFA Pass Pass N/A PFC Pass Pass N/A PFC See below* Pass Pass TGPC See below* Pass Pass CPC See below* Pass Pass A See below* Pass Pass A-4 Oral ** Pass N/A Pass DB-A Pass Pass N/A ESOP-A Pass Pass N/A Consulting Module Webcast Series (up to) Plan Consultant Quizzes Pass Pass N/A RPF N/A RPF N/A PFC N/A Online Training Course NAPA 401(k) Practice Builder CPFA Online Course Pass Pass Pass 3 N/A N/A N/A Pass N/A N/A N/A N/A Completion Completion N/A JBEA Credit: the final decision as to the number and type of JBEA credits granted rests solely with the Joint Board for the Enrollment of Actuaries. ERPA Credit: the final decision as to the number of ERPA credits granted rests solely with the Internal Revenue Service. 42 *Grade requirement for ASPPA CE to be granted as follows: Receive a score of 7, 8 or 9 on any proctored credentialing examination and receive 20 ASPPA CE credits per examination. Receive a score of 5 or 6 on any proctored credentialing examination and receive 15 ASPPA CE credits per examination. **Also eligible for 1 JBEA CORE credit. RETIREMENT PLAN ACADEMY

43 2016 EDUCATION CALENDAR Spring 2016 Jan. 4 June 24 Jan. 4 Dec. 14 Jan. 4 Dec. 14 April 4 June 24 April 1 May 10 May 13 June 15 June 3 June 16 June 25 Fall 2016 Jul. 1 Dec. 9 Aug. 1 Dec. 9 September 16 October 28 November TBA November 16 November 18 December 1 December 9 December 14 December 14 1 st semester CPC module window Certificate program window (RPF[new], RPF-1 [existing], RPF-2 [existing], TGPC-1, DB-A & ESOP-A) Certificate program practice examination access period (DB-A, ESOP-A & TGPC-1) Spring proctored examination window (TGPC-2, CPFA, DC-1, DC-2, DC-3 & DB) Spring proctored examination early registration deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) EA-1 & EA-2L (administered by SOA**) Spring proctored examination final registration deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) CPC and A-4 spring examination Spring proctored examination postponement deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) 1st semester CPC module registration deadline Proctored Exam/1st Semester CPC Modules Submission Deadline 2nd semester CPC module window Fall proctored examination window (TGPC-2, CPFA, DC-1, DC-2, DC-3 & DB) Fall proctored examination early registration deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) Fall proctored examination final registration deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) EA-2F (administered by SOA**) CPC & A-4 fall examination Fall proctored examination postponement deadline (TGPC-2, CPFA, DC-1, DC-2, DC-3, DB, CPC & A-4) 2nd semester CPC modules registration deadline Fall Proctored Exam/2nd Semester CPC Modules Submission Deadline Certificate program examination submission deadline (RPF[new], RPF-1 [existing], RPF-2 [existing], TGPC-1, DB-A & ESOP-A) Practice examination access period deadline (RPF[new], RPF-1 [existing], RPF-2 [existing], TGPC- 1, TGPC-2, DC-1, DC-2, DC-3 & DB) Dates are subject to change. For calendar updates, visit RETIREMENT PLAN ACADEMY 43