Job Posting OPEN
Retirement Plan Senior Plan Administrator
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Salary is commensurate with experience. Salary ranges from $80,000 to $95,000.
We implement 401(k)s, 403(b)s, Defined Benefit Plans, SEP &
Simple IRAs, ROBS, ESOPS, Church Plans, and even plans for Cannabis companies.
Through our open architecture recordkeeping services, we provide investment
advisors, managers, plan sponsors and participants access to traditional and
nontraditional investments.
Department Responsibilities:
The Plan Administration team supports all aspects of Plan
Administration including communicating with plan sponsors, participants, and
referral partners to develop and direct the implementation process, improving
workflow processes, make program and policy changes, and meet regulatory
requirements.
Role Responsibilities:
- Support
a team responsible for servicing company sponsored retirement plans
- Train and mentor team members and conduct thorough reviews of
their work
- Assist with all aspects of administration
in a balance forward and daily valuation environment
- Prepare and present valuations
- Conduct compliance and discrimination
testing for clients
- Collect and process census information
- Determine eligibility, vesting, and
calculate contributions/allocations
- Prepare match and/or profit sharing
calculations based on client goals and needs
- Prepare
and review coverage and non-discrimination tests, including controlled and
affiliate service group considerations
- Calculate
ADP/ACP refunds, recommend appropriate correction method and work with team
members to distributed timely
- Review
plan documents, understand retirement plan provisions and accurately apply to client
and participant circumstances, including distributions, loans and vesting
- Contribution
calculations. Prepare
projected and actual plan contributions.
Cross testing experience is a plus
- Recommend and discuss plan design changes
with client services manager
- Review of census data, determine
employee eligibility and participation
- Collect
and track necessary information for completion of valuation reports, including
working with multiple types of investment providers
- Complete
and review contribution calculations (age weighted, integrated, cross tested,
etc.)
- Reconcile trust assets to participant
accounts
- Perform annual testing including
coverage, top heavy and non-discrimination testing
- Preparation of 5500 Forms, related
schedules and other IRS Forms
- Determine RMD eligible, calculate and
communicate distributions to be taken or waived
- Work and communicate with Sponsors and
Participants in processing requests
- Prepare quarterly management reports and annual
participant statements
- Understanding of Plan Errors and working
knowledge of correction methods
- Compliance all aspects of the team’s
work including annual compliance tests, trust accounts, asset accounting, 5500
and all Schedules required, 5330, 8955A.
- Facilitate Plan terminations and
mergers
- Identifying and working with large
plan audits, coordinating with service providers, collecting, assembling and
analyzing data
- Support clients with IRS Audits and
DOL investigations
- Calculate late deposit requirements
- Review and determine 8955A
requirements
- Set and maintain team goals
- Monitor workflow for calendar and off
calendar plans
- Support Plan conversions and
deconversion
Qualifications:
- Graduate degree in finance or related
field preferred
- 4+ years retirement industry
experience required preferably with defined contribution plans
- QKA or QPA designation required
- Expert knowledge of laws and
regulations related to qualified plans and types of plan designs (IRS, DOL,
ERISA, EGTRRA, PPA)
- Understanding
of Plan Errors and working knowledge of correction methods
- Expert knowledge with Schwab
Retirement and Ft Williams software and/or similar systems is required
- Superb communication skills and a
commitment to superior customer service
- Excellent attention to detail and
accuracy, proficient with numbers and basic calculations
- Solutions oriented and ability to
handle changing and competing responsibilities are necessary skills when
working in an emerging business, like Leading Retirement Solutions
- Strong command of technology and
ability to easily and quickly learn new software solutions
- Works well with a team, including
other team members who work remotely/virtually
- Proficient with Excel, Word, Outlook, and
Adobe Acrobat
- Creative participation and
forward-looking contribution to team activities and company progress
- Possess a preference for action, avoids workplace distractions, and drives performance targets to completion
- Possess a preference for action, avoids workplace distractions, and drives performance targets to completion
We Offer Great Benefits!
- Choice between 4 medical plans
- Dental, Vision and Accident Insurance
- 3+ Weeks of Paid Time off (PTO) Starting
- Paid Holidays
- Employer sponsored 401(k) Plan + Employer matching contributions
- Performance bonuses
- Financial support for ongoing education and credentialing
- Great, casual working environment with casual dress.
- 100% Employer Paid Work from Home Setup
- Flexible Scheduling
New Application
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application if you don't complete in one sitting, or if you want to check on the status.
Existing Application
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Link to Application
https://hcm.payrollsolutionswa.com/JobApplication.aspx?jobpostingkey=320f10a9-cbf4-4583-90a8-d72d5bbbacd8