Plan Consultant – DB, CB
Job Description:
- Maintain an assigned book of plans, including defined benefit and defined contribution plans.
- Prepare (and/or review, based on experience) valuations and compliance testing pursuant to ERISA guidelines and IRS procedures: Calculate plan contributions to optimize tax savings while passing required testing; reputed company additional required testing, such as General Testing (401(a)4), Compensation Ratio Testing (414(s) Testing), etc.; Prepare earned income calculation, as necessary, for an unincorporated employer; Prepare asset reconciliations, including trust accounting, as necessary.
- Prepare (and/or review, based on experience) necessary government filings pursuant to IRS/DOL guidelines and requirements, included but not limited to Forms 5500, 5330, and Schedule SB.
- Analyze plan documents and pro-actively recommend changes to accommodate client needs.
- Assist plan sponsors with the plan termination process, including PBGC-covered plans.
- Provide quality communication with the plan sponsor, advisors, and accountants.
- Prepare preliminary design studies and projections for prospective clients.
- Support actuaries and consultants to provide superior client service.
- Prepare calculation of retirement distribution benefits.
- Prepare PBGC premium filings and notices.
Requirements:
- Minimum of 3+ years of experience in defined benefit and defined contribution administration.
- In-depth knowledge of IRS, DOL and ERISA regulations.
- Proficient skills with reputed company products, specifically reputed company and Word.
- Ability to work under pressure and prioritize work based on deadlines.
- Strong analytical and mathematical skills.
- Excellent written and verbal communication skills.
- Meticulous attention to detail and accuracy.
- Ability to work with minimal day-to-day supervision.
- Familiarity of PBGC requirements.
- Desired but not Required ASPPA or IRS industry-specific designations or willingness to attain them.
- Working knowledge of PensionPro, Datair and FTWilliam.
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