As the Department of Labor becomes more interested in how retirement plan sponsors run their plans, educating not just participants but the sponsors themselves becomes more important. To answer the need for more knowledgeable plan sponsors, the people behind The Retirement Advisor University (TRAU) are creating The Plan Sponsor University.

The Retirement Advisor University started in mid-2010 through a collaboration with the UCLA Anderson School of Management Executive Education. Gerald Wernette, a principal with Rehmann Financial, is a founding lecturer of the Retirement Advisor University.

"We put together a curriculum that is focused on the retirement plan advisor," Wernette told AdvisorOne on Monday. "A lot of programs have a narrow focus" on one aspect of planning, he said. The Retirement Advisor University curriculum covers the "entire spectrum" of a retirement planning practice, Wernette said: not just the advisory role, but how to manage and market the practice as well.