Job Description

Job Description

Job Description

JOB SUMMARY: Retirement Account Manager

• Performs compliance testing; contribution calculations; Form 5500 reporting; Manages Client Relationship.

Essential Responsibilities:

• Main point of client and advisor contact providing a high level of service to clients and advisors.
• Ensures all clients are receiving feedback and resolution to their inquiries on a daily basis
• Interpret plan documents
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
• Analyzes census to determine eligibility
• Calculate employer contributions based on the plan's provisions and confirms with client amount of annual funding
• Preparation of annual non-discrimination tests (ADP/ACP; 415; 402(g), 416, 410(b)) and ability to discuss testing results with client
• Prepare Government Forms: 5500 and Related Schedules, 5558, 5330, 8955 and works with plan's auditor and ability to discuss Forms with the client.
• Works with plan's Form 5500 auditor
• Posts year-end client deliverables to Pension Pro
• Reconciliation of trust assets
• Review and approve participant requested loans and distribution requests
• Identifies and completes RMD distributions
• Advises clients on new plan design options and completes plan studies when needed
• Works with assigned Administrator to ensure deadlines are met timely
• Responsible for entering amendment requests in Pension Pro; updating Relius specs, platform specs, obtaining signatures and follow-ups with clients.
• Requesting record-keeper enrollment forms and updating plan specs during amendment process.
• Attends client and advisor calls/meetings upon request with approval from assigned Manager.
• Annual year-end clean-up to include follow-up on forfeiture re-allocations, source transfers determined during the compliance review
• Work with clients to terminate their plan

OUR IDEAL CANDIDATE HAS...

• Certifications/Designations: ASPPA Designations a plus or be willing to obtain designations
• Education: Bachelors Degree preferred.
• Experience: 3+ years of Defined Contribution (DC) retirement compliance and service experience. Previous/current experience of managing a caseload of 70-90 defined contribution plans, including 401 (k) and 403(b). Experience using Sungard Relius compliance software needed! Experience with multiple employer plans (MEPs) preferred.
• Skills/Knowledge: Excellent client relationship, communication, organizational, and problem solving skills. Ability to work in a fast paced team environment. Working knowledge of FT Williams Government forms & Salesforce a plus.

ABOUT OUR CLIENT:

MP's client is a leading provider of retirement plans and fiduciary outsourcing solutions nationwide. As one of America's oldest independent fiduciaries, they deliver retirement plans that run with less risk, greater efficiencies and improved outcomes. With an 80-year legacy of fiduciary expertise and oversight unmatched in the industry today, they partner with firms at the advisor, sponsor and enterprise level to bring maximum flexibility to every opportunity, offering a comprehensive array of retirement plan solutions, plan consulting, TPA services and fiduciary support.

ADDITIONAL INFORMATION:

• Location: Remote within the United States!
• Compensation Range: Salary paid position $80k - $90k per year. This is determined by education, certifications/designations, and experience.
• Competitive Benefits: Medical, Dental, Vision, and more!

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