Welcome to the SECURE Act Training!

Federally-Mandated SECURE Acts

Setting Every Community Up for Retirement Enhancement Act

SECURE Act (2020) and SECURE Act 2.0 (2022) represent a significant shift in U.S. retirement policy, focusing on expanding access to retirement savings for more Americans, particularly those working for small businesses or part-time, and addressing the challenges posed by longer life expectancies. The legislation encourages individuals to save more and provides businesses, especially small employers, with incentives to establish and maintain retirement plans. The SECURE Act 2.0 builds on these efforts, adding more flexibility and options for employees to save for their future.

As a Small Business Retirement Plan (SBRP) Specialist, you will focus on the SECURE Act 2.0 mandate to help businesses implement, manage, and comply with the new retirement plan regulations which become effective January 1, 2025.

F3 Academy provides comprehensive training within a guided certificate program to ensure you are well equipped to master the knowledge and skills necessary to design, implement, and manage retirement plans that meet the needs of small businesses. You'll gain in-depth knowledge of retirement plan options, regulatory compliance, and the provisions of the SECURE Act and SECURE Act 2.0, ensuring you can advise businesses on optimizing their retirement offerings and maximizing tax benefits for both employers and employees.

This niche market provides year-round revenue and is helping our team 5x - 10x our income and cash flow. The greatest benefit of all, you remain independent with no disruption or interference with your current tax preparation business, you will not ever pay for leads nor is this opportunity a captive culture for solutions using insurance products.

INSIDE the ACADEMY YOU WILL GAIN:

Knowledge of SECURE Act 2.0 Provisions:
- In-depth understanding of key changes in SECURE Act 2.0, including automatic enrollment, tax credits, and new rules for Required Minimum Distributions (RMDs).
- Familiarity with how the Act incentivizes small businesses to establish and expand retirement plans.
Retirement Plan Expertise:
- Expertise in setting up and managing various retirement plans like 401(k), SIMPLE IRAs, SEP IRAs, and new Pooled Employer Plans (PEPs).
- Knowledge of eligibility requirements, contribution limits, and tax advantages of different plans for small businesses.
Compliance and Regulatory Knowledge:
- Understanding of the compliance requirements for retirement plan sponsors under the Employee Retirement Income Security Act (ERISA), Department of Labor (DOL) regulations, and the IRS.
- Ability to navigate plan audits, documentation, and fiduciary responsibilities to ensure adherence to legal and financial guidelines.
Familiarity with Tax Credits and Incentives:
- Expertise in helping businesses leverage the increased tax credits under the SECURE Act 2.0, such as the start-up tax credit (up to 100% of administrative costs for the first three years) and credits for automatic enrollment.
- Knowledge of how these credits can reduce costs and incentivize small business owners to offer retirement plans to their employees.
Retirement Plan Design and Strategy:
- Ability to design customized retirement plans that align with the needs and goals of small businesses.
- Knowledge of automatic enrollment requirements and escalation provisions, particularly as mandated by the SECURE Act 2.0, which now requires certain new 401(k) plans to include automatic enrollment.
Consulting and Communication Skills:
- Strong consulting skills to educate small business owners about the advantages of offering retirement plans and helping them select the right plan for their workforce.
- Ability to communicate complex financial and regulatory information to business owners in a clear and actionable way.
Financial and Actuarial Understanding:
- Solid grasp of investment options within retirement plans and the financial implications for both employers and employees.
- Familiarity with actuarial considerations, particularly for defined benefit plans, and strategies for optimizing retirement savings and employee participation.
Experience with Plan Implementation and Administration:
- Hands-on experience in implementing retirement plans, including plan setup, employee education, enrollment, and ongoing administration.
- Knowledge of plan service providers, such as recordkeepers, investment advisors, and third-party administrators (TPAs).
Fiduciary Responsibility Awareness:
- Clear understanding of fiduciary responsibilities for small business plan sponsors and how to minimize risk through proper plan governance.
- Ability to help employers establish sound practices for plan monitoring and decision-making.

Welcome to the SECURE Act Training!

Federally-Mandated SECURE Acts

Setting Every Community Up for Retirement Enhancement Act

As a Small Business Retirement Plan (SBRP) Specialist, you will focus on the SECURE Act 2.0 mandate to help businesses implement, manage, and comply with the new retirement plan regulations which become effective January 1, 2025.

INSIDE the ACADEMY YOU WILL GAIN:

Knowledge of SECURE Act 2.0 Provisions:

In-depth understanding of key changes in SECURE Act 2.0, including automatic enrollment, tax credits, and new rules for Required Minimum Distributions (RMDs).

Familiarity with how the Act incentivizes small businesses to establish and expand retirement plans.

Retirement Plan Expertise:

Expertise in setting up and managing various retirement plans like 401(k), SIMPLE IRAs, SEP IRAs, and new Pooled Employer Plans (PEPs).

Knowledge of eligibility requirements, contribution limits, and tax advantages of different plans for small businesses.

Compliance and Regulatory Knowledge:

Understanding of the compliance requirements for retirement plan sponsors under the Employee Retirement Income Security Act (ERISA), Department of Labor (DOL) regulations, and the IRS.

Ability to navigate plan audits, documentation, and fiduciary responsibilities to ensure adherence to legal and financial guidelines.

Familiarity with Tax Credits and Incentives:

Expertise in helping businesses leverage the increased tax credits under the SECURE Act 2.0, such as the start-up tax credit (up to 100% of administrative costs for the first three years) and credits for automatic enrollment.

Knowledge of how these credits can reduce costs and incentivize small business owners to offer retirement plans to their employees.

Retirement Plan Design and Strategy:

Ability to design customized retirement plans that align with the needs and goals of small businesses.

Knowledge of automatic enrollment requirements and escalation provisions, particularly as mandated by the SECURE Act 2.0, which now requires certain new 401(k) plans to include automatic enrollment.

Consulting and Communication Skills:

Strong consulting skills to educate small business owners about the advantages of offering retirement plans and helping them select the right plan for their workforce.

Ability to communicate complex financial and regulatory information to business owners in a clear and actionable way.

Financial and Actuarial Understanding:

Solid grasp of investment options within retirement plans and the financial implications for both employers and employees.

Familiarity with actuarial considerations, particularly for defined benefit plans, and strategies for optimizing retirement savings and employee participation.

Experience with Plan Implementation and Administration:

Hands-on experience in implementing retirement plans, including plan setup, employee education, enrollment, and ongoing administration.

Knowledge of plan service providers, such as recordkeepers, investment advisors, and third-party administrators (TPAs).

Fiduciary Responsibility Awareness:

Clear understanding of fiduciary responsibilities for small business plan sponsors and how to minimize risk through proper plan governance.

Ability to help employers establish sound practices for plan monitoring and decision-making.