Pinnacle Plan Design · 20 hours ago
Defined Benefit Retirement Plan Consultant
1985 East River Road, Tucson, AZ, USA
Full-time
Onsite
Senior Level
5+ years expPinnacle Plan Design is a growing company that values its employees and offers a supportive work environment. The Defined Benefit Retirement Plan Consultant will be responsible for the preparation and review of annual reporting for defined benefit plans, ensuring compliance with IRS/ERISA regulations, and developing long-term relationships with clients.
ConsultingFinancial Services
Responsibilities
Preparation and review of annual reporting and use of judgement required on qualified defined benefit plans including:
Review and interpret the plan document specifications and apply to the employee/participant
Prepare optimum contribution allocation including calculating minimum required contribution, maximum deductible, and recommended contribution for the DB plan
Review reconciled trust accounts to plan accounts
Perform non-discrimination testing (combined plan where applicable)
Calculate maximum benefits (415(b)) as needed
Prepare IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307, 5310, and PBGC Forms
Calculate required minimum distributions
Prepare Excel testing and contribution file for comparison to pension software file output
Identify highly compensated and key employees, and ensure minimum allocations to non-highly compensated and non-key employees are met
Review distribution and loan disclosures and paperwork based upon plan provisions
Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information
Prepare Plan Termination submissions as applicable (PBGC, IRS, etc.)
Review draft amendments and plan documents
Communicate with client, accountant, attorney and investment advisor on plan related issues. Develop relationships with clients to establish long-term working relationships
Track data received and not received and follow up with related parties to receive data
Review of participant disclosures and notifications
Identify potential plan redesign opportunities, potential prohibited transactions
Other duties as assigned
Qualification
Required
Knowledge of IRS/ERISA regulations and funding methods
Proficient in using Microsoft Office products and other technology to complete tasks. ASC experience helpful
Professional designation (such as ASPPA QKA, NIPA APA, EA, etc)
Demonstrated ability to multi-task, meet deadlines, and work in a fast-paced environment to create high-quality products and solutions to be reviewed by Senior Managers/Actuaries/Owners
Demonstrated technical knowledge and interpersonal communication skills needed to effectively and diplomatically review others' work
Demonstrated ability and willingness to take full responsibility for assigned client plans, completing work in a timely manner, communicating with clients, collaborating with colleagues, and proactively resolving issues
Demonstrated ability to analyze situations and attend to detail to ensure quality
A High School Diploma or GED required
Professional designation (such as ASPPA, NIPA) required (for example, QKA, QPA, APA, EA, ERPA, CPC); or willingness to obtain designation
Minimum 5 years' experience in third party administration
Defined benefit plan administration
Preferred
Bachelor's degree strongly preferred
Company
Pinnacle Plan Design
Pinnacle Plan Design specializes in retirement plan design, administration and actuarial consulting.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Alex Petrenko Calaf, QPA, QKC, QKA
Chief Operating Officer
Lynn Young
Partner / Consulting Actuary
Company data provided by crunchbase