401(k)/Cash Balance Combo Retirement Plan Administrator

Overview

This position supports retirement plan compliance and administration for small to medium combo 401(k)/Cash Balance plans. Responsibilities include timely and accurate contribution calculations and annual nondiscrimination testing, along with technical support for consultants and internal team members.

Responsibilities

• Review employee census data and prepare questions for the client as needed
• Perform nondiscrimination testing, including ADP/ACP, 410(b), 401(a)(4), and 401(a)(26) for small to medium size 401(k)/cash balance combo plans of intermediate complexity
• Calculate options for failed tests with minimal assistance
• Complete DC balance forward valuations and related journals and participant statements
• Calculate cash balance contributions and earnings, and prepare journals and participant statements
• Perform self-employment income calculations
• Perform year-end estimates and plan design studies and projections
• Perform and review trust accounting and Forms 5500-SF
• Conduct technical research and assist consultants with compliance and plan design issues
• Identify consulting opportunities and propose recommendations to add value
• Recommend and support improvements to testing procedures and programs, including testing new systems and writing procedures
• Actively participate in team meetings and collaborative discussions
• Provide backup support and additional tasks as assigned
• Independently manage assigned workload and update the workflow system daily
• Complete projects accurately, efficiently, and timely
• Protect, secure, and properly handle all confidential data to prevent unauthorized access, improper transmission, and/or unapproved disclosure

Requirements

• Minimum of 3 years of experience administering 401(k)/Profit Sharing/Cash Balance plans
• Intermediate to advanced experience performing DC nondiscrimination testing including carve-outs, new comparability, gateway, and top-heavy
• Hands-on cash balance experience (calculating hypothetical contributions, performing 401(a)(26) and combo DC/CB nondiscrimination testing)
• Intermediate to advanced understanding of retirement plan regulations
• Strong verbal and written communication skills, including the ability to clearly explain technical concepts
• Attention to detail and accuracy
• Strong analytical and problem-solving abilities
• Intermediate proficiency in Excel
• Basic accounting skills
• Ability to work independently and collaborate with others
• Self-starter with strong organization, time management, and project management skills
• Ability to manage multiple priorities and adjust to changing business needs
• Reliable and accountable with a proven ability to follow through on commitments and responsibilities
• Commitment to professional development and retirement industry education (ASPPA CPC or QPA designation preferred)
• Availability to work overtime when business needs require
• Comfortable working in a fast-paced remote environment

Preferred Qualifications

• ASPPA CPC or QPA designation preferred

Compensation & Benefits

• Not specified

Location

• Remote (virtual) environment
• For all virtual remote positions, an uninterrupted virtual workspace is required with an expectation of family care in place during business hours
• Internet work speed requirement of 25 Mbps or better for individual use; if more than one person uses the same internet connection in the same household or building, a stronger connection is required
• Call center roles specifically require either hardwiring equipment directly to the internet router or ensuring the workstation is in close proximity to the router