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By passing the WorldatWork B2 Certification Exam, you'll have the opportunity to join a community of professionals who share your passion for retirement plan design and administration. Retirement Plans - Design Considerations and Administration certification program is designed to be challenging, yet accessible to those with a strong foundational understanding of employee benefits. With this certification, you'll have the knowledge and skills necessary to excel in your career and help your clients or employers develop and maintain effective retirement plans.
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The WorldatWork B2 exam comprises 115 multiple-choice questions and has a time limit of three hours. Candidates must score a minimum of 70% to pass the exam. B2 exam is administered online, and candidates can take it at their convenience. The WorldatWork B2 exam is offered by the WorldatWork Society of Certified Professionals, a global association of HR and benefits professionals dedicated to advancing the profession through education, advocacy, and certification. B2 exam is recognized as a mark of excellence in the retirement plan design and administration field.
The Retirement Plans - Design Considerations and Administration certification is ideal for professionals who work with 401(k) plans, defined benefit plans, profit-sharing plans, and other types of retirement plans. It is also suitable for those who provide consulting services to retirement plan sponsors or who work in the financial services industry. Retirement Plans - Design Considerations and Administration certification is a valuable asset for professionals who want to enhance their career prospects and gain a competitive edge in the job market.
The WorldatWork B2 exam is targeted towards individuals who are involved in the design, management, and administration of retirement plans. This includes professionals from various fields such as human resources, finance, accounting, and legal. B2 exam is also suitable for retirement plan advisors, consultants, and providers who wish to enhance their knowledge and expertise in the field.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fiduciary Responsibilities & Investments | 15% | - Investment policy statement and selection - Participant communication and education - ERISA fiduciary duties and liabilities |
| Topic 2: Compliance & Nondiscrimination Testing | 25% | - Corrective actions and reporting obligations - ADP/ACP, coverage, and top-heavy testing - IRS and DOL regulatory requirements |
| Topic 3: Plan Administration & Changes | 10% | - Recordkeeping and reporting processes - Implementing plan amendments and restatements - Working with service providers |
| Topic 4: Defined Contribution Plan Design | 30% | - Eligibility, vesting, and contribution limits - Roth vs pre-tax contribution structures - 401(k), 403(b), 457(b), and SIMPLE plans |
| Topic 5: Retirement Plan Fundamentals & Strategic Alignment | 20% | - Aligning plan design with organizational goals - Retirement income needs and sources - Overview of U.S. employer-sponsored retirement plans |
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