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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn: - The core difference between Defined Benefit (DB) and Defined Contribution (DC) plans concerning investment risk. - How employer contribution requirements are calculated for DB plans versus DC plans. - Key ERISA requirements for vesting and the specifics of cliff and graded vesting schedules. - How nondiscrimination rules, including ADP/ACP tests and top-heavy rules, are applied to qualified plans. - Common exam traps related to safe harbor plans and immediate vesting requirements.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
