Course Overview
IRA Institute has three delivery formats, online, virtual, and onsite, to prepare you to earn the nationally recognized CIP or CISP designation.
What You Will Learn
After successfully completing IRA Institute, you will be able to do the following.
- Establish and administer Traditional and Roth IRAs
- Understand the rules for SEP and SIMPLE IRA plans
- Describe the contribution eligibility requirements
- Process IRA distributions, transfers, and rollovers
- Understand beneficiary options and process these transactions
- Process tax reporting to the IRS and IRA owners
- Mitigate risk by reducing errors and penalties
Course Topics
- Establishment and amendments
- Prohibited transactions
- Contributions
- Transfers and rollovers
- Conversions and recharacterizations
- Excess contributions
- IRA distributions and withholding
- Required minimum distributions
- Beneficiary distributions
- Reporting
- Handling legal issues
- SEP and SIMPLE IRA plans
Registration Fees
IRA Institute
Each Attendee $1,799
IRA Institute Online
Each Attendee $1,795
Virtual IRA Institute
Each Attendee $1,699
Exam Fees
CIP – $299
The optional CIP exam is taken electronically at your office for IRA Institute Online.
CISP – $575
To register for the CISP exam, you must apply to the American Bankers Association (ABA). The CISP exam is taken at a Castle Testing Center during a limited testing window determined by the ABA. For additional information and to obtain the exam application, visit the ABA website.
Audience
You should attend IRA Institute if you
- want to earn the CIP or CISP designation,
- need CE credits,
- are looking to acquire comprehensive IRA knowledge, and
- have two years of IRA compliance or operations experience.
Schedule
Onsite
Monday – Thursday
Breakfast - 7:15 a.m. – 8 a.m.
Lunch - 12:00 p.m. - 1:00 p.m.
Session - 8 a.m. – 5 p.m.
Friday
Breakfast - 7:15 a.m. – 8 a.m.
Lunch on your own - 12:00 p.m. - 1:00 p.m.
Session - 8 a.m. – 12 p.m.
Optional study session - 1 p.m. – 3 p.m.
Online
A detailed schedule for our IRA Institute Online will be provided 2-3 weeks prior to each session start date. It’s a 12-week course with assignments due each week.
Virtual
A detailed schedule for our Virtual IRA Institute will be provided prior to the session start date. It’s a 10, half-day course over two weeks with assignments due each week.
2025 ABA CISP Exam Application and Testing Schedule
| Application Deadline | 2025 Testing |
| January 8, 2025 | March 1 - 31, 2025 |
| March 17, 2025 | May 15 - June 15, 2025 |
| July 17, 2025 | September 15 - October 15, 2025 |
| October 2, 2025 | December 1 - December 20, 2025 |
Locations
Minneapolis, MN
May 5 - 9, 2025
Embassy Suites Minneapolis Downtown
12 Sixth Street South
Minneapolis, MN 55402
612-351-2554
Room Rate: $169
Room Discount cut-off date: April 4, 2025
