The 401(k) Rollover Specialist (k)RS™ credential — developed by some of the nation’s leading advisors and retirement plan experts — demonstrates your knowledge, expertise, and commitment to assisting clients with rollovers. Wealth management and retirement plan advisors who earn the (k)RS™ credential demonstrate the expertise required to comply with law changes for recommending rollovers from plans to individual retirement accounts (IRAs), from one plan to another plan, and from one IRA to another IRA.
Curriculum
401(k) Rollover Specialist (k)RS™ Credential Education Program
Module 1: Introduction to Fiduciary Status
This module will help you define and determine ERISA fiduciary status and help you understand the primary duties and responsibilities that come with that status.
By the end of this module, you will be able to…
- Recognize when you are acting as an ERISA fiduciary and the significance of this status
- Identify your duties when service as an ERISA fiduciary
- Distinguish education versus advice
At the end of this module, you will have unlimited attempts to complete a 10-question assessment.
Module 2: Understanding Prohibited Transactions and Exemptions
This module will help you identify potential prohibited transactions and when to utilize exemptions, particularly PTE 2020-02.
By the end of this module, you will be able to…
- Classify prohibited transactions (PTs) under the IRC and ERISA
- Describe the purpose of prohibited transaction exemptions (PTEs)
- Utilize PTE 2020-02 with rollovers
At the end of this module, you will have unlimited attempts to complete a 10-question assessment.
Module 3: Utilizing a Prudent Process for Rollovers from Retirement Accounts
This module will help you to understand what PTE 2020-02 requires for rollovers from plans to IRAs. You should consider your firm’s policies and procedures in addition to approved forms and materials.
By the end of this module, you will be able to…
- Apply the three-step process to analyze Plan to IRA rollover recommendations
- Locate information required to analyze a Plan to IRA rollover recommendation
- Determine the materials required to be delivered alongside a rollover recommendation
At the end of this module, you will have unlimited attempts to complete a 10-question assessment.
Module 4: Going Beyond Plan to IRA with PTE 2020-02
This module will help you to understand how to apply the same principles from the previous module to three other scenarios.
By the end of this module, you will be able to…
- Identify when PTE 2020-02 should be utilized
- Apply a three-step process to analyze scenarios using PTE 2020-02 beyond Plan to IRA rollover recommendations
- Evaluate what is in the best interest of the Retirement Investor when PTE 2020-02 is applied using a three-step process
At the end of this module, you will have unlimited attempts to complete a 10-question assessment.
Module 5: Communicating PTE 2020-02 with Clients and Prospects
This module will help you to understand how to apply the same principles from the previous module to three other scenarios.
By the end of this module, you will be able to…
- Identify the ways in which fiduciary status under ERISA can be a differentiator to win new business
- Develop a script to communicate the value of PTE 2020-02 to prospective clients
- Determine how to communicate the advantages regarding PTE 2020-02 to existing clients
At the end of this module, you will have unlimited attempts to complete a 10-question assessment.
Next Steps
So, you finished the (k)RS™ Prep Course, great job!
Here is what comes next…
- Take the practice exam multiple times, located on your Learning Activities dashboard
- Purchase and take the proctored designation exam
Check out the FAQ section below if you still have questions and are looking for answers.
Frequently Asked Questions
- Module 1: Introduction to Fiduciary Status
- Module 2: Understanding Prohibited Transactions and Exemptions
- Module 3: Utilizing a Prudent Process for Rollovers from Retirement Accounts
- Module 4: Going Beyond Plan-to-IRA with PTE 2020-02
- Module 5: Communicating PTE 2020-02 with Clients and Prospects
- Next Steps
See more details in the curriculum section.
ASPPA CE – 6.0
NAPA Relevant – 6.0
NTSA – 6.0
CFP® – 2.5
AIF® – 2.0
$500 for Member/Non Members
NAPA (k)RS™ Exam
$405 for NAPA Members/Non-Members
NAPA’s Broker-Dealer and RIA Firm Partners are eligible for volume discounts on proctored exams. For more information, please contact SAMTeam@usaretirement.org.
Yes, please see the (k)RS™ Credential Holders section of this site. You can also review the Candidate Handbook and the NAPA CE Policy.
$75 with NAPA Firm Partner *
$665 with no NAPA Firm Partner affiliation **
* Please Note: If you currently hold other designations in other American Retirement Association organizations and add a CPFATM to your current designations, your dues will be different than above. Contact Customer Care with questions.
** Membership dues include your credential maintenance fee.