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The B2 Exam is divided into four main sections: Retirement Plan Design, Retirement Plan Compliance and Administration, Employee Communications and Engagement, and Retirement Plan Governance. These sections cover a wide range of topics, including plan design considerations, fiduciary obligations, plan compliance, employee communication and education, investment management, and more.
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Professionals who pass the WorldatWork B2 exam will be able to provide valuable insights and recommendations to their organizations on how to design and administer retirement plans effectively. They will also be able to ensure compliance with legal and regulatory requirements, and communicate retirement plan benefits to employees in a clear and concise manner. Overall, the WorldatWork B2 exam is a valuable credential for professionals looking to advance their careers in the field of retirement plan design and administration.
| Section | Objectives |
|---|---|
| Plan Design Considerations | - Design objectives and employer strategy alignment - Employee demographics and participation factors - Cost management and funding considerations |
| Retirement Plan Fundamentals | - Overview of retirement income systems - Types of retirement plans (DB vs DC) |
| Compliance and Governance | - Fiduciary responsibilities - Plan documentation and reporting - Regulatory frameworks and legal requirements |
| Defined Contribution Plan Administration | - Investment options and participant responsibility - Distribution rules and withdrawals - Contribution structures |
| Defined Benefit Plan Administration | - Benefit formulas and accrual methods - Funding requirements and actuarial assumptions - Vesting and eligibility rules |
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