Certified Retirement Services Professional (CRSP) Practice Exam - RETIRED

Certified Retirement Services Professional (CRSP)

About Certified Retirement Services Professional (CRSP)

Certified Retirement Service Professional certification exam will demonstrate candidate skills and abilities in the retirement service field. For earning this certification, candidates must meet all necessary requirements and pass the CRSP exam. ABA certifications exam are based on U.S. laws and regulations and are not offered outside the U.S.

Eligibility requirement for the exam

For this certification candidates must have:

• Minimum three years of experience in ERISA and IRSCode/Regulations and completion of the Cannon Financial Institute Retirement Plan Services Schools.
• They should have five years or more experience in ERISA, plus IRS Code/Regulations   

Course Structure

1. Plan Type and Design (30%)

A. Plan Type

• Defined Contribution Plans

• Defined Benefit Plans

• Other Plan Types (IRAs/SEPs/SIMPLES/Non-Qualified Plans)

B. Plan Design

• Objectives

• Provisions

2. Laws and Regulations (40%)

A. ERISA

• Fiduciary Responsibilities

• Prohibited Transactions and Exemptions

• Reporting and Disclosure

• General Qualifications and Minimum Funding Requirements

B. Documentation

• Trust/Custody & Investment Management Agreements

• Plan Documents/Amendments/ Resolutions

• Plan Terminations/Plan Mergers/Frozen Plans

C. Internal Revenue Service (IRS)

• Non-discrimination Testing

• Reporting

• Distributions and Taxability

• Contributions & Benefit Limits

D. Department of Labor (DOL)

E. Pension Benefit Guaranty Corporation PBGC

F. Other Regulatory Bodies & Regulations

• Securities Exchange Commission (SEC)

• Office of the Comptroller of the Currency (OCC)/Regulation 9

• Federal Deposit Insurance Corporation (FDIC)

• National Security

3. Investments (30%)

A. Asset Types

• Equities

• Fixed Income

• Money Market

• Mutual Funds and Collective Funds

• Company Stock

• Alternative Investments

• Insurance and Annuities

B. Guidelines and Objectives

• Funding Policy

• Investment Objectives

C. Investment Management

D. Performance Measurement

• Risk Measures

• Indexes/Benchmarks

E. Participant Loans

• Legal & Regulatory Limits

• Operations

F. Proxy Handling

Exam Pattern 

• Exam Name: Certified Retirement Services Professional
• Exam Code: CRSP
• Number of Questions: 150
• Length of Time:  3 hours
• Exam Cost: $550 USD
• Exam Language: English

What do we offer?

• Full-Length Mock Test with unique questions in each test set
• Practice objective questions with section-wise scores
• An in-depth and exhaustive explanation for every question
• Reliable exam reports evaluating strengths and weaknesses
• Latest Questions with an updated version
• Tips & Tricks to crack the test
• Unlimited access

What are our Practice Exams?

• Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.
• Practice exam questions have been created on the basis of content outlined in the official documentation.
• Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
• Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
• You can also create your own practice exam based on your choice and preference 

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