Establish and maintain IRA plans including disclosure statements and beneficiary designationsKnowledge of IRA reporting requirements and associated penaltiesKnowledge of IRA contribution eligibility, limits, deadlines and deductibilityApply excess contribution rules and penaltiesProcess IRA transfers, rollovers, conversions and recharacterizationsKnowledge of IRA distribution taxation, withholding rules and Required Minimum DistributionsApply beneficiary distribution rules and penalty exceptions for IRA distributionsApply retirement planning considerations including beneficiary selection, trusts and estate taxationKnowledge of prohibited transactions, investments and exemptions within IRAsKnowledge of IRA fees, disclosure rules and account valuation requirementsEstablish and maintain SEP and SIMPLE employer retirement plansKnowledge of SEP and SIMPLE plan contributions, portability and distribution rules