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Ascensus · 1 day ago

Retirement Plan Coordinator (Defined Benefit)

Trenton, NJ

Full-time

Onsite

Mid Level

3+ years exp

Ascensus is the nation's largest third-party administrator of retirement plans, partnering with advisors across the United States. The Retirement Plan Coordinator is responsible for day-to-day operational duties as a co-plan administrator, including monitoring plan administration for multiple plans and ensuring compliance with necessary regulations and processes.

ConsultingRetirementTraining

Responsibilities

Review and sign Form 5500. If changes are required ensure those are complete before e-signing

Maintain plan documents

Create report from recordkeeper and work with client to ensure forfeiture account assets are used timely and in accordance with the terms of the plan document

Ensure distribution of all required participant notices for newly eligible and annually for all participants by leveraging recordkeeper process or mailing/emailing notices directly to participants

Generate a report from the recordkeeper to monitor and ensure plan contributions are submitted timely. If plan contributions are not submitted timely ensure the correction process is completed to include lost earnings are calculated and deposited. This could also include employee communication

Review data from recordkeeper to monitor and ensure terminated participants are forced out of the plan

Monitor and ensure distributions and loans are processed timely

Produce a report from the recordkeeper to monitor and ensure newly eligible participants are offered the plan and enrolled. If participants are not offered the plan timely ensure correction process is completed so the plan remains compliant

Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients

Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture

Assist with other tasks and projects as assigned