Sentinel Group · 14 hours ago
Defined Benefit Plan Consultant / Actuarial Analyst
United States
Full-time
Remote
Mid Level
$60K/yr - $75K/yr
3+ years expSentinel Group is a company dedicated to positively impacting the lives of their clients and communities through retirement plan services. They are seeking a Defined Benefit Plan Consultant who will serve as the primary point of contact for clients, overseeing the administration of defined benefit and cash balance retirement plans while ensuring compliance and delivering excellent client support.
ConsultingFinancial ServicesHealth Care
Responsibilities
Developing and maintaining client relationships across many different industries with varying levels of benefit and financial experience
Assisting clients with plan design including but not limited to aligning their Defined Benefit and Defined Contribution plans to meet their company objectives and IRS compliance requirements
Answering a variety of client questions related to plan administration, plan design and participant inquiries
Maintaining knowledge of ERISA, the Internal Revenue Code and related regulations
Reviewing and interpreting plan documents, amendments, notices and summary plan descriptions
Performing aspects of Defined Benefit Plan administration:
Reconcile participant census and determine eligible, key and highly compensated employees
Perform annual valuations and determine IRS minimum and maximum contributions
Coordinate contribution funding with client
Prepare valuation reports and participant statements
Prepare AFTAP certification, Schedule SB and PBGC filings for actuary signature
Assist with preparation of Form 5500 filings
Coordinate annual PBGC filings
Prepare annual funding notice
Perform benefit calculations and prepare distribution paperwork
Perform annual IRS nondiscrimination testing, including aggregated testing with Defined Contribution plans
Respond to auditor inquiries if plan is subject to annual audit
Assist in performance of plan termination filings including filing with IRS and PBGC, if applicable
Grow professional knowledge through training and self-study
Perform other team tasks and participate in projects as needed
Qualification
Required
At least 3 years of actuarial and consulting experience in all aspects of defined benefit plan valuation and administration, combined defined benefit/defined contribution plan non-discrimination testing and alternative plan design
Intermediate to advanced knowledge of Microsoft Excel including the use of formulas and overall ability to learn and use different software packages
Strong relationship-building skills with clients, colleagues, and external partners
Excellent interpersonal skills, with the ability to communicate effectively and engage comfortably with a wide variety of people
Familiarity with traditional defined benefit and cash balance retirement plan designs
Practical experience with retirement plan compliance testing and the ability to present results and recommendations to stakeholders
Proven ability to work both independently and as part of a collaborative team
Analytical and problem-solving skills to address complex plan administration and compliance issues
High level of organization, self-motivation, time management, and attention to detail within a fast-paced, deadline-driven environment
Preferred
Experience with Relius Administration software preferred (but not required)
Benefits
PTO (vacation, sick, personal time bank)
FTO (Flexible time off for vacation, sick, and personal time) after 2 years of service
12 Paid Holidays (10 stated and 2 floating holidays)
2 Community Volunteer Days
5 Summer Half Days
Medical, Dental, Vision
Life Insurance
LTD & STD
Retirement Plan with 4% Employer Match
Parental Leave
Company
Sentinel Group
Sentinel Group is the employee benefits provider who makes it EASY: easy for your people; easy for your business; and easy for you.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Sam Mitchell
President and CEO
Doug Dustin
SVP, Chief Financial Officer
Recent News
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