The National Association of Plan Advisors has launched a certificate program designed to help financial advisors evaluate, explain and implement retirement income solutions for clients running 401(k) plans.
The certificate program is a self-paced course broken into five interactive modules, according to NAPA's announcement. Participating advisors will become familiar with retirement income solutions available in the workplace setting, the risks they seek to solve and how to implement them using a prudent process.
The Retirement Income for 401(k) Plans Certificate, or RI(k), is designed to meet the needs of advisors who focus on serving workplace retirement plan sponsors and participants.
"401(k) plans are tremendously successful workplace savings programs, but they are not yet truly retirement plans," Brian Graff, CEO of the American Retirement Association and executive director of NAPA, said in the announcement. "Retirement income solutions have the promise of addressing this gap, enabling participants to receive income in retirement from plan investments."
