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Company

USI Insurance Services · 12 hours ago

Sr Retirement Plan Administrator/Consultant

United States

Full-time

Remote

Senior Level

$70K/yr - $75K/yr

7+ years exp

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Commercial InsuranceConsulting

Growth Opportunities

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Responsibilities

Responsible for all aspects of recordkeeping for client plans to ensure accurate processing in accordance with department service standards/deadlines and plan documents, including:

Reconcile asset balances (trust and participant accounts) and resolve discrepancies

Perform plan calculations when necessary, including eligibility, contributions, match, profit sharing, etc.

Process transactions, including distribution and loan requests, forfeitures, etc.

Ensure compliance with plan document & IRS/DOL regulations as well as plan administrative practices

Participate in peer review process to ensure accuracy

Maintain accurate and timely recording of work tracking logs

Participate in plan design client calls

Assist other Consultants as needed with more complex plan issues

Oversee projects and report results and progress to Team Leader and/or Director of Operations

Maintain day-to-day client contact for inquiries on assigned plans.

Correspond with clients, team members, Producers & Relationship Managers to help manage client relationships and respond to all client or participant calls/emails within 4 business hours.

Utilize industry knowledge with less experienced staff to mentor on systems and processes, work with team members to develop their compliance and consulting skills, resolve more complex reconciling issues, research complicated plan issues, and help correct errors.

Prepare IRS Form 5500/SAR, audit packages, MRDs, required compliance tests, including but not limited to:

Gather and reconcile required data

Coordinate with EPS Team to ensure consistency in procedures, client questionnaires, etc.

Manage deadlines and complete assigned portions of checklists

Communicate with clients/auditors as necessary to respond to questions or requests for information

Review results, develop corrective actions, present results/reports to clients

Provide guidance to team members to help identify which projects are part of core services or those that may requiring additional billing.

Complete required tracking spreadsheet for projects and non-core TPA services to ensure proper client invoicing.

Participate in the transition of new business, provide consultative plan design discussions on document restatements; participate in periodic transition meetings/calls; review loans and system specs; assist other team members with conversions.

Complete special projects as applicable, such as plan corrections, match, and/or profit-sharing calculations, DOL calculations, and VCP filings.

Qualification

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Retirement plan managementRecordkeeping servicesCompliance servicesASPPA certificationRelius AdministrationClient relationship managementWindows environmentWordExcel