JOB SUMMARY: Retirement Account Manager Our full-time remote Retirement Account Manager performs compliance testing; contribution calculations; form 5500 reporting; and manages client relationships.ESSENTIAL RESPONSIBILITES:
- 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 daily
- Interpret plan documents (IDP & Pentegra Prototype)
- 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 SalesForce
- Reconciliation of trust assets
- Identifies and ensures RMD distributions are completed timely.
- 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 SalesForce, updating Relius specs, platform specs, obtaining signatures and follow-ups with clients.
- 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.
- Education: Bachelors Degree preferred.
- Experience: 5+ years of Defined Contribution retirement compliance and service experience. Ability to maintain a caseload of 80 - 100 defined contribution plans, including 401(k) and 403(b). Experience with Multiple Employer Plans (MEPs) preferred. Experience working in a remote environment required.
- Skills/Knowledge: Excellent Client Relationship skills. Excellent communication and organizational skills. Ability to problem solve. Ability to work in a fast paced team environment. Knowledge of Microsoft office required. Knowledge of Sungard Relius Compliance software & FT Williams Government forms is highly preferred! Ability to ensure timely and accurate completion of all assigned client's compliance testing, valuation reporting and tax filings. 3(16) Fiduciary Services knowledge 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:
- Compensation Range: $75k - $90k per year depending on designations, education, and experience.
- Location: Remote within the United States.
- Benefits: Medical, Dental, Vision, and more!