Ilene Ferenczy and Alison Cohen of Ferenczy Benefits Law Center will teach a DC-1 Prep Class to help you cap off your studying for the exam. Registration details to follow, but we expect to host this seminar in Atlanta, and simultaneously broadcast on the web for out of town attendees and those that prefer to attend remotely. Classes will be 4 hours on November 2 and 4 hours on November 3. Exact times TBD.
Atlanta ABC will be awarding 3 scholarships, each in the amount of $600, to apply towards exam registration and books. To apply for a scholarship, please click this link (DC-1 Scholarship Application) and submit your application by May 31.
Qualified retirement plans are afforded favorable tax treatment, including tax deductible contributions, deferral of taxation to the employee and tax deferred investment earnings on assets. In order to be afforded this special treatment, qualified plans must satisfy certain requirements in the Internal Revenue Code and Treasury Regulations.
The subject matter of DC-1:
- Begins with the basic plan qualification requirements including plan document requirements
- Explores the different types of qualified plans, then delves into specific qualification requirements and concepts including eligibility, participation, highly compensated employees, key employees and top-heavy plans
- Discusses contributions and allocations, deductibility of contributions, vesting and forfeiture issues
- Reviews plan amendments, plan terminations and annual reporting requirements (Form 5500 filings)
- Allows candidates to learn about the ASPPA Code of Professional Conduct and to identify ethical dilemmas that retirement plan professionals may face
It is presumed that a candidate sitting for the DC-1 examination will have the knowledge of material covered in the Retirement Plan Fundamentals (RPF) series. Please refer to the DC-1 syllabus for specific learning objectives and exam topic weightings.