Tax-Exempt & Governmental Plan Consultant-2 (TGPC-2)

Course Overview 
2014 TGPC-2 Syllabus
Exam Details
Required and Supplementary Reading
Exam Waivers and Grandfathering Rules
Exam & Publication References and Errata
Continuing Education (CE) Credits

Course Overview

The Tax-Exempt & Governmental Plan Consultant (TGPC-2) examination covers issues affecting the sales and marketing aspects of 403(b), 457(b) and other plans maintained by tax-exempt and governmental entities. These topics include but are not limited to contract exchanges and transfers, fiduciary standards, IRAs, investments, religious organization plans and top hat plans.

The TGPC-2 program focuses on technical education for those typically involved in consulting, sales and/or marketing of tax-exempt and governmental plans. Topics covered include: 403(b) Plans, 457 (b) Plans, Fiduciary Standards and Responsibilities, Governmental Plans, Traditional IRAs and Roth IRAs, Religious Organizations' Plans, and Ethics and Professional Responsibility. Please refer to the TGPC-2 syllabus for specific learning objectives and exam topic weightings.

Exam Details

The TGPC-2 examination consists of 65 multiple choice questions, and candidates have two and half (2 ½) hours to complete it. Exams are given at Prometric Testing Centers during the examination window. Please refer to the Education calendar for dates.

To register, a candidate must have an account with ASPPA. To create an account please click here. Candidates can register online or download the registration form and send via mail or fax to 703.516.9308.

Once registered, eligibility emails will be sent to candidates beginning approximately eight weeks prior to the opening of an exam window. The eligibility email has detailed instructions on scheduling an appointment with Prometric. It is the candidate’s responsibility to schedule an exam. We strongly recommend that candidates schedule an appointment upon receipt of the confirmation letter, as testing centers fill up quickly. To find a Prometric testing center visit www.prometric.com/asppa.

2014 Exam Fees - The registration fee is non-refundable.

  • To qualify for early registration, registration forms accompanied by the early registration fee of $230 for members and $255 for non-members must reach the ASPPA office no later than April 17 for spring examinations and September 25 for fall examinations.
  • To qualify for final registration, registration forms accompanied by the final registration fee of $305 for members and $330 for non-members must reach the ASPPA office no later than May 15 for spring examinations and October 23 for fall examinations.

For more information visit the Exam Schedule & Fees page.

Estimated hours needed to study - Study time depends greatly on the experience level of the student. The average candidate reports it takes between 50 and 100 hours of study time to successfully complete the program.

Grading Process - Notification for examinations will include a score of 9, 8 or 7 (passing grade) or 6, 5 or 3 (failing grade). A score of 3 indicates that no points were credited; rather, the candidate’s performance was below the minimum acceptable standards. The score report contains a topic listing which indicates “needs work” for any topic where the candidate scored less than 70% correct.

Required and Supplementary Reading

Raw scores, spreads between scores, pass marks, pass percentages and copies of questions are not released. The ASPPA Office is permitted to provide grade information only in writing; grades will not be provided by telephone, email or fax. Candidates who wish to have their grades sent to anyone other than themselves must fill out a Grade Release Form.

 

The 2014 TGPC-2 required reading is available for purchase from the online bookstore or by downloading the publications order form.

The required reading is:

  • The Source: 403(b) and 457(b) Plans 4th Edition by Kristi Cook, JD and Ellie Lowder. Arlington, VA: ASPPA, 2013. Available in the ASPPA bookstore.

Additional Required Reading (provided in the TGPC-2 syllabus):

  • fyi: Pension Protection Act–Impact on Governmental Plans,Volume 29: Issue 65, September 8, 2006. Buck Consultants, an ACS company.
  • Swisher, Pete. Investment Policy Statement. Excerpted and adapted from 401(k) Fiduciary Governance: An Advisor’s Guide, 3rd Edition. Arlington, VA: ASPPA, 2012.
  • Swisher, Pete. Understanding Plan Fees. Excerpted and adapted from 401(k) Fiduciary Governance: An Advisor’s Guide, 3rd Edition. Arlington, VA: ASPPA, 2012.
  • ASPPA Code of Professional Conduct

Recommended Reading:

Supplementary Study Tools

The study tools below are not required preparation for the TGPC-2 examination. They are offered as additional study aids.

It is the candidate’s responsibility to review all of ASPPA’s exam policies and procedures, which can be found on Candidate Corner.

Exam & Publication References & Errata

For updates to ASPPA’s publications and examinations please click here. Stop by regularly as new updates are posted. It is the candidates responsibility to check the errata before preparing for and sitting for an ASPPA examination.

Continuing Education (CE) Credits

Candidates who have successfully completed an ASPPA proctored examination can earn up to 20 CE credits depending on the score received. Credits will be applied to the CE cycle in which the score is issued. For more information on ASPPA examination CE credit click here.

ERPA CE
20 ERPA credits for successful completion of the TGPC-2 exam may be awarded.
IRS ERPA Credit Program Number: CZTXU-Q-00007-12-S

The final decision as to the number of ERPA credits rests solely with the Internal Revenue Service.