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Farmers National Bank of Canfield · 2 months ago

Director of Retirement Plan Services

Fairview Park, Ohio, United States

Full-time

Onsite

Lead/Staff

Farmers National Bank of Canfield is seeking a Director of Retirement Plan Services responsible for overseeing Defined Contribution plans and managing a team of DC Reviewers and Analysts. The role includes plan testing, preparation and filing of IRS and DOL forms, and conducting research and audits of various plans.

BankingFinanceFinancial Services

Work & Life Balance

Responsibilities

Oversee and manage a team of Defined Contribution Reviewers and Defined Contribution Analysts

Review allocations, contribution and forfeiture amounts, annual discrimination tests and Form 5500 and attachments. Advise the analyst of any necessary modifications. Provide assistance, if necessary, in plan administration

Prepare plan documents and determine the need for amendment

Monitor timeliness of client service relative to valuation reports, 5500’s, Disclosures requirements

Review overall plan status and communicate with client regarding situations needing attention

Prepare special studies and consult with clients and prospective clients, as needed

Assist with plan termination by reviewing calculations, balancing assets, preparing IRS Forms, reviewing Notice of Plan Benefits and election forms, provide IRS required certifications, if applicable. Provide a quote for fee for service

Respond to client inquiries and meet with clients when necessary

Conduct research and consult with attorneys, accountants and investment advisors when appropriate

Prepare and/or review Forms 1099 and 945

Provide assistance with IRS and DOL notices and programs as well as during audits

Assist in determining appropriate client billing

Communicate with a plan consultant, when necessary

Review and assist with 125 plan administration

Assist DC Analysts with resolving problems, conflicts, and issues

Fill in for DC Analysts, when needed

Implement new procedures and train analysts

Fulfill ongoing requirements to maintain professional certification

Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations

Regular, predictable attendance is an essential requirement of this position

Complete all other duties as assigned