What does the PPC™ designation mean?
The Professional Plan Consultant, PPC™, designation is awarded to those that successfully complete The 401k Service Training Program™, a sixteen-hour classroom based program offered by Financial Services Standards, LLC.
This designation signifies a commitment to education and service excellence in the qualified plan industry. The 401k Service Training Program™ is the only course that sets service standards in the retirement plan industry and imparts professionals not only with the knowledge, but the tools needed to meet and exceed those standards.
Those awarded the designation of PPC™ have a minimum of three years of financial industry experience, successfully complete a specialized program on the service issues faced in the development, management, and monitoring of a qualified plan, and subsequently pass a comprehensive examination. PPC™ designees sign off on a Code of Ethics and make a commitment to a higher level of service in the retirement plan industry. To maintain the PPC™ designation, there are annual requirements that must be met including continuing education on current topics relevant to plan sponsors.
What are the benefits of working with a PPC™?
Professional certification provides the public assurance that the certificate holder is educated, competent and professional.
The regulations surrounding retirement plans are complex and PPC™ designees have received specialized training to help navigate the complexities of running a successful and compliant retirement plan for the benefit of company employees.
When a company decides to offer a retirement plan or when an individual is appointed to sit on an investment committee, a full understanding of ERISA and fiduciary responsibility isn't automatically conferred. There is no packet handed out with the adoption agreement that explains what an individual needs to know before taking on the personal liability associated with managing a retirement plan.
Plan sponsors rely on competent, knowledgeable professionals to help them with the various responsibility of running a successful plan.
By going through specialized ERISA and fiduciary training, PPC™ designees are better positioned to provide tremendous value in helping plan sponsors understand and work to comply with the required regulations.
If you help oversee a retirement plan, contact us today for a complimentary consultation.