Weaver Partners · 1 week ago
Enrolled Actuary - Pension
United States
Full-time
Remote
Senior Level, Lead/Staff
$110K/yr - $160K/yr
10+ years expWeaver Partners is seeking an Enrolled Actuary to supervise a small group of professionals and manage various projects. The role involves running projections for defined benefit plan designs, preparing actuarial valuations, and ensuring compliance with IRS regulations.
Human ResourcesRecruitingStaffing Agency
Responsibilities
Running both traditional and Cash Balance defined benefit plan designs projections, based on client needs and employee demographics
Preparing actuarial valuations, including minimum recommended and maximum funding requirements
Performing annual IRS non-discrimination testing, including cross-testing with defined contribution plans
Review and approve actuarial valuation of defined benefit and cash balance plans
Review and sign IRS Form 5500 Schedule SB actuarial report for all such plans
Sign IRS Form 5330 (if any)
Approve initial design and annually review design of defined benefit plans, including suggesting amendments to plans as needed
Review Financial Accounting Standards Board (FASB) reports for plans requiring such reports
Certify annual Pension Benefit Guaranty Corporation (PBGC) premium payment and plan termination findings
Review and approve distributions from defined benefit plans
Represent plans in IRS audits
Research issues regarding pension law and maintain current knowledge of changes in such law
Reviewing plan documents
Preparing all required IRS and PBGC filings, including those needed at plan termination
Reviewing employee data to ensure accurate information received within prescribed guidelines
Reviewing employee census to determine plan eligibility requirements and benefit accruals
Calculating benefits and providing forms for participant benefit distributions, including lump sums
Reviewing plan assets and trust reconciliations
Qualification
Required
Running both traditional and Cash Balance defined benefit plan designs projections, based on client needs and employee demographics
Preparing actuarial valuations, including minimum recommended and maximum funding requirements
Performing annual IRS non-discrimination testing, including cross-testing with defined contribution plans
Review and approve actuarial valuation of defined benefit and cash balance plans
Review and sign IRS Form 5500 Schedule SB actuarial report for all such plans
Sign IRS Form 5330 (if any)
Approve initial design and annually review design of defined benefit plans, including suggesting amendments to plans as needed
Review Financial Accounting Standards Board (FASB) reports for plans requiring such reports
Certify annual Pension Benefit Guaranty Corporation (PBGC) premium payment and plan termination findings
Review and approve distributions from defined benefit plans
Represent plans in IRS audits
Research issues regarding pension law and maintain current knowledge of changes in such law
Reviewing plan documents
Preparing all required IRS and PBGC filings, including those needed at plan termination
Reviewing employee data to ensure accurate information received within prescribed guidelines
Reviewing employee census to determine plan eligibility requirements and benefit accruals
Calculating benefits and providing forms for participant benefit distributions, including lump sums
Reviewing plan assets and trust reconciliations
At least 10 years of experience in the industry, specifically with Defined Benefit and Cash Balance plans, including non-discrimination testing
Preferred
Experience in a TPA environment preferred, but fine with large market pension plan experience with Cash Balance plans
Client Consulting experience preferred
Company
Weaver Partners
Weaver Partners is a recruitment firm that helps the retirement services and employee benefits industry.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Peter Lindenmeyer
Managing Partner
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