Benefits: Financial Protection, Growth & Assistance

Benefits: Financial Protection, Growth & Assistance

This course is part of ADP Entry-Level Compensation and Benefits Analyst Professional Certificate

Instructor: ADP Learning Academy

Access provided by The State University of Zanzibar

1,672 already enrolled

4 modules

Gain insight into a topic and learn the fundamentals.

17 reviews

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

17 reviews

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Differentiate between different types of financial protection plans, including disability, life, accident, and critical illness insurance.
Define the purpose of financial growth plans and how a well-designed strategy can benefit employees and the organization's total rewards program.
List the basic features of defined benefit and defined contribution plans, with particular focus on details related to 401(k) plans.

Skills you'll gain

Details to know

Shareable certificate

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Assessments

6 assignments

Taught in English

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This course is part of the ADP Entry-Level Compensation and Benefits Analyst Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate from Automatic Data Processing, Inc. (ADP)

There are 4 modules in this course

This is a benefits-focused course for anyone interested in pursuing a career regarding financial protection, growth and assistance programs that a company may offer as part of the benefits strategy. You’ll explore finance-related programs common in many total rewards strategies, like insurance plans designed to protect employees’ finances. Then, you’ll evaluate growth and equity programs, with particular focus on the features of 401(k) and employee stock purchase plans (ESPP). Finally, you’ll learn about a growing rewards area – educational cost assistance. In the end, you’ll update and finalize the employee communication piece for the fictional company, Blue Space Tech Performance Group that you started in the Benefits: Health, Wellness, Work, and Lifestyle course.

In this module, we'll examine benefits that help protect employees and their families from financial hardship caused by illness, disability, or death. We'll explore common coverage options, administrative responsibilities, and methods for evaluating program effectiveness.

What's included

6 videos5 readings2 assignments2 plugins

6 videosTotal 16 minutes

Course Introduction2 minutes
Why Financial Protection Benefits Matter 2 minutes
Life Insurance and AD&D for Employees and Families2 minutes
Administering Financial Protection Plans2 minutes
Measuring the Success of Financial Protection Programs3 minutes
Module 1 Recap5 minutes

5 readingsTotal 17 minutes

Short and Long-Term Disability Coverage4 minutes
Family and Medical Leave and Coordinating Leave Benefits4 minutes
Evidence of Insurability & Imputed Income4 minutes
Critical Illness Coverage During Major Health Events 4 minutes
Resources1 minute

2 assignmentsTotal 12 minutes

ADP Legal Disclaimer2 minutes
Knowledge Check!10 minutes

2 pluginsTotal 6 minutes

Puzzle Game: Matching Financial Protections3 minutes
Puzzle Game: Matching Metrics3 minutes

In this module, we'll examine retirement plans and how they support employees' long-term financial security. We'll explore 401(k) features, participant transactions, governance requirements, and the metrics organizations use to evaluate plan performance and retirement readiness.

What's included

6 videos6 readings1 assignment3 plugins

6 videosTotal 14 minutes

Basics of Financial Growth Plans3 minutes
401(k) Plans: A Popular Retirement Savings Option1 minute
Understanding 401(k) Loans2 minutes
Who Manages a Retirement Plan?2 minutes
Evaluating Retirement Plan Effectiveness3 minutes
Module 2 Recap4 minutes

6 readingsTotal 24 minutes

Participation, Contributions & Employer Matching5 minutes
Investments and Vesting4 minutes
Distributions and Withdrawals 4 minutes
Rollovers4 minutes
Nondiscrimination Testing6 minutes
Resources1 minute

1 assignmentTotal 15 minutes

Knowledge Check!15 minutes

3 pluginsTotal 9 minutes

Puzzle Game: Matching Retirement Plan Categories2 minutes
Puzzle Game: Matching Methods of Retirement Savings Access2 minutes
Reporting & Participant Communications5 minutes

In this module, we'll examine ESPPs and how they support employee ownership. We'll explore ESPP plan design, participation rules, and key stock purchase features. We'll also learn how organizations administer and evaluate ESPPs to support participation and program success.

What's included

5 videos5 readings1 assignment1 plugin

5 videosTotal 15 minutes

Employee Stock Purchase Plans: The Basics3 minutes
How an Employee Stock Purchase Plan Works3 minutes
How ESPP Shares Are Purchased3 minutes
Evaluating an ESPP3 minutes
Module 3 Recap3 minutes

5 readingsTotal 20 minutes

ESPP Design and Strategic Value5 minutes
ESPP Eligibility and Contribution Rules4 minutes
Transfers and Dispositions in an ESPP4 minutes
Administering an ESPP6 minutes
Resources1 minute

1 assignmentTotal 15 minutes

Knowledge Check!15 minutes

1 pluginTotal 2 minutes

Puzzle Game: Matching ESPP Administration Activities2 minutes

In this module, we'll explore how organizations use educational assistance benefits to support employee development and workforce growth. We'll examine common education benefit offerings, take a closer look at tuition reimbursement programs, and learn how organizations administer and evaluate these benefits.