At this point in your studies, you should be able to bring together what you have learned about retirement plans to analyze and choose the best plan for a given scenario. Chapter 1 leads you through the plan selection process.

Once the decision is made to offer a qualified plan, an employer must determine the best way to implement and administer the plan in accordance with ERISA requirements. These requirements include nondiscrimination requirements, funding limitations, minimum funding standards, and distribution requirements.

About the Authors

Kristen MacKenzie, MBA, CFP®, CRPC® is an associate professor at the College for Financial Planning. Kristen has over 20 years of experience in the financial services industry, both as an active financial planner and as a provider of financial education. She graduated from the University of Connecticut with a degree in economics and later received her MBA at the University of Colorado.

Michael Angell, CFP®, EA is an associate professor at the College for Financial Planning. He obtained his bachelor's degree in mathematics at Creighton University. His 20+ years of work experience includes banking, insurance, investments, retirement, and estate planning. In addition to his responsibilities at the College, Michael also serves as a private client services advisor with an independent investment firm and is also a federally licensed tax practitioner with a nationally recognized company. You can contact him at Michael.Angell@cffp.edu.

Complexity Level: Intermediate