OverviewThis position is responsible for obtaining data from clients and following up; preparing quarterly and/or annual administration; preparing reports and tax forms and running various tests including ADP, ACP, etc.; checking and monitoring loan and distribution requests; handling IRS and internal client audits; assisting other Pension Administrators whenever necessary; and other duties.
Essential Duties:- Request data from client and follow up as needed.
- Prepare quarterly and/or annual administration including trust accounting and computer work.
- Respond to client inquiries and develop client relationships.
- Prepare 5500 and ERISA report and accompanying tax forms for each plan.
- Prepare and run the following tests: ADP, ACP, 410(b) and other tests as required.
- Monitor 415 and 402(g) limits.
- Check distributions: Terminations, hardship withdrawals, in-service withdrawals, 70 .
- Check and monitor loan requests and prepare loan paperwork.
- Calculate annual employer profit sharing and year-end or true up matching contributions.
- Monitor incoming receipts of monthly, quarterly and annual information from the client and investment companies.
- Process Plan terminations.
- Review documents prepared by the Documents Team for new and restated Plans to the IRS.
- Review amendments as needed.
- Handle IRS and internal client audits.
- Check work of other Pension Administrators.
- Answer questions of other Pension Administrators.
- Cover for the other Pension Administrators.
- Assist in developing forms, procedures, and other materials.
- Research special questions, new rules and regulations.
- Ensure database reports are current.
- Monitor Plans to ensure compliance with current laws and regulations.
- Consult clients on rules and regulations surrounding the administration of QDROs.
- Be available for on-site client committee meetings and annual reviews.
- Assist the Sales Team with the completion of RFPs.
- Assist the Conversion Team with the set up of new clients
- Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures and internal controls, and meet all training requirements in a timely manner
Ancillary Duties:As an integral member of the organization, this position is also responsible to provide assistance wherever necessary to help the department and the Company in achieving their goals.
Qualifications- Bachelor's degree in Business Administration or related field required.
- Good customer service, communication, and analytical skills.
- Must be highly organized with an attention to detail.
- Must have solid project management experience and the ability to multitask.
- Must be knowledgeable with computers and have the ability to work well with others.
- A minimum of 3 years related experience necessary, as well as experience in Pension Plan Administration and Retirement Industry knowledge.
- All applicants must be 18 years of age or older.
Other Job InformationCompensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
MinimumUSD $66,000.00/Yr.
MaximumUSD $108,804.00/Yr.
