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USI Insurance Services · 2 weeks ago

Sr Retirement Plan Administrator

United States

Full-time

Remote

Mid, Senior Level

$70K/yr - $75K/yr

7+ years exp

USI Insurance Services is an industry-leading retirement plan consulting and benefits administration firm. The Sr Retirement Plan Administrator is responsible for managing and retaining clients’ retirement plan business, providing recordkeeping and compliance services, and mentoring team members to ensure exceptional customer service and effective client relations.

Commercial InsuranceConsultingEmployee BenefitsFinancial ServicesHealth InsuranceInsuranceRisk Management

Growth Opportunities

Responsibilities

The Consultant demonstrates a high degree of technical expertise in managing and retaining assigned clients’ retirement plan business and handling client relation issues

The Sr. Consultant possesses proficiency in providing recordkeeping and compliance services for various types of plans, including 401(k), 403b, profit sharing, money purchase, non-qualified, etc

Sr. Consultant will provide mentorship & oversight with team projects, training, peer review and new business conversions

The Sr. Consultant also works with the Director of Operations and Team Leader as applicable to review team processes and procedures

Sr. Consultant provides exceptional customer service and works effectively with internal teams/resources (i.e. Compliance, Legal, Producers etc.) and external vendors to maintain a successful relationship with clients and to provide overall recordkeeping and consulting services for complex retirement plans, including, but not limited to: Responsible For All Aspects Of Recordkeeping For Client Plans To Ensure Accurate Processing In Accordance With Department Service Standards/deadlines And Plan Documents, Including:

Reconcile asset balances (trust and participant accounts) and resolve discrepancies

Perform plan calculations when necessary, including eligibility, contributions, match, profit sharing, etc

Process transactions, including distribution and loan requests, forfeitures, etc

Ensure compliance with plan document & IRS/DOL regulations as well as plan administrative practices

Participate in peer review process to ensure accuracy

Maintain accurate and timely recording of work tracking logs

Participate in plan design client calls

Assist other Consultants as needed with more complex plan issues

Oversee projects and report results and progress to Team Leader and/or Director of Operations

Maintain day-to-day client contact for inquiries on assigned plans

Correspond with clients, team members, Producers & Relationship Managers to help manage client relationships and respond to all client or participant calls/emails within 4 business hours

Utilize industry knowledge with less experienced staff to mentor on systems and processes, work with team members to develop their compliance and consulting skills, resolve more complex reconciling issues, research complicated plan issues, and help correct errors

Prepare IRS Form 5500/SAR, audit packages, MRDs, required compliance tests, including but not limited to:

ADP/ACP, Top Heavy, 402g, 410(b), 415 & new comparability tests

Gather and reconcile required dataC

Coordinate with EPS Team to ensure consistency in procedures, client questionnaires, etc

Manage deadlines and complete assigned portions of checklists

Communicate with clients/auditors as necessary to respond to questions or requests for information

Review results, develop corrective actions, present results/reports to clients

Provide guidance to team members to help identify which projects are part of core services or those that may requiring additional billing

Complete required tracking spreadsheet for projects and non-core TPA services to ensure proper client invoicing

Participate in the transition of new business, provide consultative plan design discussions on document restatements; participate in periodic transition meetings/calls; review loans and system specs; assist other team members with conversions

Complete special projects as applicable, such as plan corrections, match, and/or profit-sharing calculations, DOL calculations, and VCP filings

Qualification

Retirement plan administrationASPPA certificationIRS compliance knowledgeRelius AdministrationMathematical aptitudeMulti-tasking abilityWindows proficiencyWord proficiencyExcel proficiencyCommunication skillsInterpersonal skillsOrganizational skills