Be an early applicantLess than 25 applicants

Company

Edelman Financial Engines · 4 hours ago

Senior Retirement Plan Administrator

United States

Full-time

Remote

Senior Level, Lead/Staff

$69K/yr - $92K/yr

10+ years exp

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Responsibilities

Compliance Oversight: Spearheads compliance testing for 401(k) and 403(b) plans to guarantee adherence to IRS regulations. Completes checks to validate plan eligibility, contribution limits, and non-discrimination aspects.

Regulatory Reporting: Takes charge of preparing and filing all essential IRS and DOL (EBSA) required reports. This includes, but is not limited to, the preparation of Form 5500 and associated schedules for all plans, ensuring timely submission with an unwavering commitment to exceptional quality.

Non-Discrimination Testing: Conducts thorough mid-year and year-end non-discrimination testing mandated by the IRS. This critical evaluation ensures fairness and compliance across the plans and protects against any discriminatory practices.

Plan Document: Creation of new and Restatements of existing documents. Remain current on required amendments. Create plan specific amendments.

Client Collaboration: Engages with clients to understand their specific requirements and conducts necessary tests and assessments to ensure their plans meet regulatory standards. Provides guidance and recommendations to ensure optimal plan structure and compliance. Some of these activities may include, but not limited to:

Coordinate year-end plan valuation

Read and interpret plan documents

Importing census and participant account data

Asset Reconciliation/Trust Accounting

Year-end valuation

Loan, hardship, and distribution review

Plan Consulting:

Evaluate and enhance the effectiveness of the retirement plan design to better align with the needs of employees and maximize participation and contributions.

Effectively communicates the vital regulatory information and testing requirements to clients in a way that can be easily understood by individuals who are not in the business.

Reviews, interprets, and maintains the legal plan documents in order to assist clients in ensuring plan compliance with current IRS/DOL regulations.

Works with internal staff, clients, and vendors to ensure accurate and timely response to all outstanding client/plan issues.

Draft and complete plan documents, restatements, and amendments coincide with the implementation of new plans and for ongoing plans as required.

Prepare for and participate in client and partner-related meetings, both internal and external.

Keep management informed of sensitive issues and proactively work with stewardship advisors, recordkeepers, participants, and plan sponsor specialists to retain key clients and assets.

Research and resolve operational and regulatory compliance issues arising from both client and partner questions and from internal activities.

Team Collaboration and Leadership:

Collaborates effectively within the Recordkeeping, and Client Services, and Onboarding team, providing mentorship and guidance to junior staff members.

Acts as a subject matter expert, offering support to resolve sophisticated issues or inquiries.

Trains team members in third-party administration work, ensuring their proficiency in handling administrative tasks, including plan testing and filling of form 5500

Organizational Relationships: The Sr. Retirement Plan Administrator will report to the Senior Director of Pension Plans and perform the functions within the overall team environment.

Qualification

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Plan compliance experienceIRS reporting5500 preparationNon-discrimination testingRelius Recordkeeping SoftwareDatair familiarityERISA complianceQKA designation

Required

Strong attention to detail and the ability to prioritize, manage tasks, and meet in connection with business operations, including related ERISA compliance matters

A bachelor’s degree in business administration, finance, or a related field

10+ years of a related retirement plan or Plan Document experience required

Must have experience with 5500’s and other relevant documents

Preferred

Familiarity with Datair and Relius a plus for testing and documents and 5500

Familiarity with and proficiency in Relius Recordkeeping Software strongly preferred

Involvement or work towards QKA designation

Benefits

Discretionary bonus

Health

Dental and other wellness plans

401(k) contributions

Company

Edelman Financial Engines

Glassdoor

3.6

Edelman Financial Engines specializes in services concerning financial planning, retirement planning, personal finance and consulting.

Founded in 1986

Boston, Massachusetts, USA

1001-5000 employees

https://www.edelmanfinancialengines.com/

H1B Sponsorship

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2020 (30)