ASPA Launches Plan Sponsor Training Program

October 10, 2001 ( - The American Society of Pension Actuaries has introduced a new training program for plan sponsors who administer 401(k) and related defined contribution plans.

The new program features five comprehensive courses that address issues such as events processing, daily valuation, and laws and regulations. Upon successful completion of the program’s five exams, participants receive a Qualified 401(k) Administrator (QKA) designation.

Topics covered include:

  • pension administration
  • administrative and qualification issues of retirement plans
  • administrative issues of defined contribution plans.

Intended for the entry-level professional, the first three are take-home, self-study exams that can be ordered and taken at any time. The two exams for the final, more advanced courses are administered at a local Prometric Technology Center.

In addition, ASPA’s program features special weekend classes to supplement individual preparation for the exams. Those seeking to earn the credential must successfully complete the required exams and submit an ASPA designated membership application with two letters of recommendation and a dues payment.