American Trust Retirement · 1 day ago
ESOP Administrator
Lexington, KY
Full-time
Hybrid
Mid Level
3+ years expAmerican Trust Retirement specializes in providing financial services, particularly in the administration and compliance of ESOP/KSOP retirement plans. The ESOP Administrator will be responsible for compliance testing, recordkeeping, and communication with plan sponsors to ensure effective management of retirement plans.
CrowdfundingFinancial Services
Responsibilities
Responsible for the overall client engagement from start to finish
Communicate with Trustees, Advisors, CPAs, and Attorneys as it pertains to the plan
Perform annual/quarterly valuations
Perform all ESOP compliance testing (409(p) anti-abuse, C-Corp 1/3 test, 410(b) coverage, (415(c), etc.)
Perform all 401(k) testing for KSOP plans (ADP/ACP, top-heavy, 410(b), 414(s), 415(c), etc.)
Calculate and perform stock recycle/segregation transactions
Calculate and perform reshuffling transactions
Complete all required government reporting (Form 5500, 8955-SSA, Form 5330, etc.) and provide plan audit support
Identify all participants eligible for diversification each year and prepare calculations/notices
Oversee the NUA (Net Unrealized Appreciation) tracking spreadsheets and coordinate 1099-R and 1099-B form creation at year-end
Review distributions and loans prior to assignment to distribution processor
Ensure that plan deadlines are being met while handling multiple simultaneous tasks
Document new processing instructions for support staff to facilitate new recurring procedures and processes
Qualification
Required
3 years of Relius Recordkeeping experience working with the trading interface and transaction ledgers
Experience creating pivot tables and VLOOKUP formulas in Microsoft Excel required
Knowledge of legislative regulations of defined contribution plans including, but not limited to, 401(k) and ESOP/KSOPs
Organization and communication skills are a must
Experience in a Customer-facing environment required
Demonstrated ability to identify and problem solve complex situations
Must be a team player and be able to work independently
The ability to perform quality work in a fast-paced environment and meet supported deadlines
A clear understanding of technical issues, and the ability to clearly demonstrate both orally and in writing
Microsoft Office experience required (Excel, Outlook and Word)
Demonstrated relational skills such as diplomacy, judgment, decision making and discretion
Initiative, creativity, and energetic active engagement in all work responsibilities
Demonstrated professional business skills and demeanor
Apply judgment with respect to high level business impact and risk
Preferred
Willingness to work on 401(k), 403(b), and 457(b) plans in addition to ESOP retirement plans is a plus
Experience in working with synthetic equity for ownership testing is a plus
Experience in working with leveraged ESOPs is a plus
Salesforce software experience is a plus
FT Williams 5500 software experience is a plus
Benefits
Health
Dental
Vision
Short-term disability
Long-term disability
Life insurance
PTO
401(k) match (after applicable waiting periods)
Company
American Trust Retirement
American Trust Retirement is a financial services company providing customized retirement solutions in Dubuque, Iowa. It is a sub-organization of EdgeCo.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
John DiFini
Chief Technology Officer (CTO), Retirement Services
Burke Johnson
Chief Operating Officer
Company data provided by crunchbase