Course Content and Outcome Guide for PL 215
- Course Number:
- PL 215
- Course Title:
- Employee Benefits Programs
- Credit Hours:
- Lecture Hours:
- Lecture/Lab Hours:
- Lab Hours:
- Special Fee:
Course DescriptionIntroduces various types of employee benefits programs emphasizing tax qualified retirement plans. Non-qualified plans and other types of employee benefits are covered as time allows. Audit available.
Addendum to Course Description
Includes: 1) reasons for adopting plans; 2) types of plans; 3) legal requirements for plan's tax qualification; 4) plan selection; and 5)implementation of a qualified plan. An elective satisfying the requirements of either a Legal Assistant Certificate or an Associate of
Applied Science degree.
Intended Outcomes for the course
Course Activities and Design
In-class exercises include: drafting, reviewing and amending of tax-qualified retirement plans; testing plans for discrimination;integrating plans with Social Security; drafting summary plan descriptions; comparing tax implications of IRAs and DOL forms;determining and allocating contributions, forfeitures and investment growth; monitoring compliance with fiduciary responsibility rule;completing PBGC forms and procedures required for termination; and preparation, analysis and administration of welfare plans. Weekly assignments.
Outcome Assessment Strategies
Students will take two (2) mid-term examinations as well as a comprehensive final exam. Exams will be in the form of true/false and multiple choice questions.
Course Content (Themes, Concepts, Issues and Skills)
Students will demonstrate their understanding of the fundamental concepts of employee benefits by:
* Applying the underlying laws and regulations governing benefits to varying fact scenarios to achieve client goals,
* Preparing the required forms, and
* Computing benefit amounts and filing timelines.