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B1: Regulatory Environments for Benefits Programs
  • 2008 Course
  • 2009 Course


Fundamentals of Employee Benefits Programs

Certification Course: B1

Grasping the Fundamentals

This basic-level course provides an overview of employee benefits plans typically offered by private sector employers, with a focus on the role of government, the types of plans available and the responsibilities associated with the administration of these plans.

  • Learn historical influences on benefits programs
  • Review objectives and design elements of benefits plans
  • Take a look at the role of government and the impact of legislation since ERISA in 1974
  • Gain an understanding of health and welfare plans from coordination of benefits to survivor and flexible benefits
  • Examine the primary elements of retirement plans
  • Address pay for time not worked
  • Finalize employee benefits plans by meeting requirements and overcoming communication challenges

Who Should Attend

This course is designed for human resources professionals new to the benefits field or individuals who would like to broaden their total rewards perspective. Those looking for a more in-depth treatment of benefits should consider other topic-specific benefits courses offered by WorldatWork, including B2, B3 and B3A.

What You Will Learn

Influences on Employee Benefits

  • Total rewards
  • Historical influences on benefits
  • Elements of benefits
  • Influences on employee benefits
  • Annual benefits and earnings
  • Benefits plan objectives
  • Benefits comparison

Government Regulation of Benefits Plans

  • The legislative process
  • Government influence on employee benefits plans
    • ERISA
    • Federal governing agencies
    • Other government agencies
  • Social Security
  • State programs

Health and Welfare Plans

  • Introduction to health and welfare plans
  • Medical plans
  • Coordination of benefits
  • Other health care benefits
  • Disability income
  • Survivor benefits
  • Flexible benefits
  • Applicability of ERISA provisions
  • Funding approaches

Retirement Plans

  • Evolution of retirement plans
  • Overview of retirement plans
  • Retirement income sources
  • Employer-sponsored retirement plans
    • Defined benefit plans
    • Defined contribution plans
    • Hybrid plans
  • Prevalence of plans
  • ERISA provisions
 

Pay for Time Not Worked

  • Overview of pay for time not worked
  • Components of pay for time not worked
    • At work
    • Away from work

Administering and Communicating Employee Benefits

  • Benefits administration
    • What is administered?
  • Benefits communication
    • Legally required
    • Events-centered communication
    • Written
    • Verbal
    • Electronic
Credits
 

CBP: Required
Certificate in Benefits Administration: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
CFP: 16 credits
CPIM/CFPIM/CSCP: 14 points
PHR/SPHR/GPHR recertification hours: 16

Faculty
Course book amendments
Test your knowledge

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

Fees and Registration Registration Policies

Classroom
Course & Certification Exam:  $1,585 USD *  |  Member $1,080 USD
Schedule/Registration
Course Only: $1,480 USD * | Member $990 USD
Schedule/Registration
CourseCast
About this option
CourseCast (live) & Computer-Based Certification Exam
Single Participant $1,810 USD | Member $1,300 USD
Each Additional Participant** $960 USD | Member $725 USD
Schedule/Registration
CourseCast (live) Only
Single Participant $1,700 USD | Member $1,220 USD
Each Additional Participant** $900 USD | Member $705 USD

Schedule/Registration
CourseCast On-Demand  *available for 2008 courses only
About this option
CourseCast On-Demand & Computer-Based Certification Exam
Single Participant $1,810 USD | Member $1,300 USD
Each Additional Participant** $960 USD | Member $725 USD
Add to Cart
CourseCast On-Demand Only
Single Participant $1,700 USD | Member $1,220 USD
Each Additional Participant** $900 USD | Member $705 USD
Add to Cart
Course Binder and Exam
About this option
Course Binder Only: $690 USD * | Member $460 USD (Plus shipping & handling.)
Add to Cart
Course Binder and Computer-Based Certification Exam:
$1,225 USD * | Member $850 USD (Plus shipping & handling.)
Add to Cart
Computer-Based Certification Exam Only: $645 USD * | Member $500 USD
Add to Cart

Please note: If you are purchasing course materials for the purpose of self-study or a computer-based exam, it is recommended that you schedule your exam within 45 days of purchase to ensure the course materials and exam are current. These exams must be completed within one year of purchase. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder purchases are nonreturnable.

Many WorldatWork classroom locations are now offering e-binder technology to participants. For these courses, which include all public education options and several Local Network sponsored events and international events, your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. The WorldatWork classroom participants will now have the opportunity to access the course binder electronically for two-day courses, as an e-binder PDF. The e-binder will be accessible two weeks prior to the course start date or upon registration if you register within two weeks of the course.

To help you prepare for your course, please visit www.worldatwork.org/seminars to download course book amendments, view class rosters and to find out what to bring to your class.

For Virtual CourseCast and Virtual CourseCast On-Demand, registrants will receive a course binder no sooner than 5-7 days after registration. The CourseCast On-Demand will become available 1 week after the last course day and access will end 90 days from registration.

**Participants attending from the same computer. Limit three per computer connection. If registering more than one attendee, please contact Customer Relationship Services toll-free at 877/951-9191.

*Join now and receive the best value. This includes both a one-year WorldatWork membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.


Regulatory Environments for Benefits Programs

Certification Course: B1

Grasping the Fundamentals

This basic-level course presents an overview of U.S. regulatory requirements for employee benefits programs. It examines how federal regulations influence each of the main types of benefits — health and plans, retirement plans, paid time off programs IRC Section 125 & 129 plans. Attendees will learn administration and communication regulatory requirements for benefits plans, including due diligence obligations for mergers and acquisitions.

  • Obtain an overview of governmental influenceson employee benefit plans.
  • Gain an introduction to the taxation of and welfare benefits.
  • Examine the regulations that affect retirement benefits.
  • Address regulatory requirements for pay for time not worked.
  • Review legal issues related to IRC Section 125 plans.
  • Discuss requirements for dependent care assistance under IRC Section 129.
  • Understand communication and administration activities including proper reporting needs to ensure plans are in compliance.
Who Should Attend
This course is designed specifically for benefits professionals who are new to the benefits field as well as for generalists or compensation specialists with limited exposure to the benefits function.

What You Will Learn

Government Influences on Employee Benefits

  • The process
  • Federal governing agencies
  • Legislation affecting benefits
  • Government benefits programs
  • Internal Revenue Code and nondiscrimination rules

Tax and Regulatory Environments for Health and Welfare Benefits

  • ERISA provisions
  • Tax implications for health and welfare plans
  • IRC Section 105(h) — nondiscrimination requirements
  • Group term life insurance
  • Financial accounting standards affecting health benefits
  • Tax implications for AD&D, disability income,
    long-term care

Tax and Regulatory Environments for Retirement Benefits

  • Employer-sponsored retirement plans
  • IRS and DOL guidance
  • ERISA provisions
  • Nondiscrimination rules — terminology
  • IRC sections of nondiscrimination rules
  • Deductibility of contributions
  • Retirement distributions
  • Fiduciary issues and
  • ERISA Section 404(c)

Regulatory Environments — Pay for Time Not Worked

  • Legislation regulating pay for time not worked
  • Statutory requirements
 

Regulatory Environments for Section 125 and 129 Plans

  • IRC Section 125 — cafeteria plans
  • Key provisions for Section 125 plans
  • Section 125 — statutorily eligible benefits
  • Section 125 — prohibited benefits
  • Nondiscrimination rules for Section 125 and Section 129 plans

Administration and Communication Requirements for Benefits Plans

  • Adapting benefits plans to regulations
  • Benefits communications and disclosures
  • Reporting to regulatory agencies
  • Audits
Credits
 

CBP: Required
Certificate in Benefits Administration: Required
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
CFP: 16 credits
CPIM/CFPIM/CSCP: 14 points
PHR/SPHR/GPHR recertification hours: 16

Faculty

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

Fees and Registration Registration Policies

Classroom
Course & Certification Exam:  $1,585 USD *  |  Member $1,080 USD
Schedule/Registration
Course Only: $1,480 USD * | Member $990 USD