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The WorldatWork B1 exam covers a wide range of topics, including the Employee Retirement Income Security Act (ERISA), the Affordable Care Act (ACA), and the Americans with Disabilities Act (ADA). It also covers other important federal laws and regulations such as the Family and Medical Leave Act (FMLA), the Internal Revenue Code (IRC), and the Health Insurance Portability and Accountability Act (HIPAA). Additionally, the exam covers state-specific regulations and guidelines, making it a comprehensive test of a benefits professional's knowledge and proficiency in navigating the complex regulatory environment of benefits programs.
WorldatWork B1: Regulatory Environments for Benefits Programs is an exam offering a comprehensive overview of the legal and regulatory framework governing employee benefits in the United States. B1 exam targets professionals responsible for managing employee benefits programs, including HR practitioners, benefits managers, compensation analysts, and financial planners. It provides learners with a thorough understanding of the regulatory environment in which benefits programs operate and equips them with the requisite knowledge of laws and regulations that apply to employee benefits.
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WorldatWork B1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Health & Welfare Plan Compliance | 25% | - Plan design, eligibility, and continuation coverage - Section 125, 129, and cafeteria plans - Privacy and security requirements under HIPAA |
| Topic 2: Legislative & Regulatory Framework | 30% | - ERISA: Structure, fiduciary duties, reporting and disclosure - Federal laws: ACA, HIPAA, COBRA, FMLA, ADA - Internal Revenue Code (IRC) provisions for qualified plans |
| Topic 3: Compliance Management & Emerging Issues | 10% | - Risk mitigation and audit preparation - Recent regulatory updates and trends |
| Topic 4: Retirement Plan Regulations | 20% | - Reporting to IRS, DOL, and PBGC - Vesting, funding, and distribution rules - Qualified plan requirements and tax qualification rules |
| Topic 5: State & Cross-Jurisdictional Rules | 15% | - State-specific mandates and variations - Multi-state benefit administration challenges |
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