Job Posting OPEN
Retirement Plan Administrator
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Salary is commensurate with experience. Salary ranges from $60,000 to $80,000.
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:
- 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
- Recommend and discuss plan design changes
with client services manager
- 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
- 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 annual participant statements
- 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
- Monitor workflow for calendar and off calendar
plans
- Support Plan conversions and deconversion
Qualifications:
- Bachelor’s degree
in finance or related field preferred
- 4+ years
retirement industry experience required
- ASPPA Retirement
Plan Fundamentals (RPF) Certified, preferred
- ASPPA Defined
Contribution Plan Course #1 (DC1) Certified, preferred
- Understanding
of Plan Errors and working knowledge of correction methods
- Proficiency/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
- Possesses 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=70fedd4b-9390-4ce3-b0fe-8ef13be3fca4