3(16) Account Manager

About the role

Overlay Enhanced and Comprehensive 3(16) and PEP Products; Maintain Bundled Recordkeeper/client/advisor relationship; review compliance testing; contribution calculations; and sign / file Form 5500.

Responsibilities

• Interpret plan documents
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
• Review Form 5500 as prepared by Bundled Recordkeeper
• Enhanced and Comprehensive: Review compliance Testing as prepared by the Bundled Recordkeeper (ADP/ACP; 415; 402(g) 416, 410(b))
• Review census data including any data integrity reports if applicable
• Review employer contribution calculations as prepared by Bundled Recordkeeper
• Review participant QDROs prior to sending to Legal
• Review participant home loan requests
• Review manual hardship distribution requests
• Work with plan's Form 5500 auditor
• Works with assigned Administrator to ensure deadlines are met timely
• Works with client to ensure plans corrections are properly executed
• Comprehensive 3(16) Responsibilities: Provides oversight and management of the following tasks as performed by Bundled Recordkeeper
• Review Plan Document
• Review SPD and SMM for compliance with ERISA
• Authorize ADP's preparation of Notices
• ACA; QDIA; blackout Notices
• Authorize and review the Bundled Recordkeeper's preparation of SAR
• Confirm the Bundled Recordkeeper has prepared and distributed participant fee disclosure notice
• Confirm forfeitures / Suspense Accounts were used in accordance with plan document
• Confirm the Bundled Recordkeeper processed all involuntary distributions
• Conduct Annual Plan Review (APR)
• Works with Bundled Recordkeeper to pull contribution report to track the timeliness of contributions

Requirements

• 3-5 Years of Defined Contribution retirement compliance and service experience
• Excellent Client Relationship skills
• Excellent communication and organizational skills
• Problem solving ability
• Ability to work in fast paced team environment
• Working knowledge of Microsoft office (excel, word, outlook)
• Working knowledge of FT Williams Government forms a plus
• ASPPA designations a plus or be willing to obtain designations
• Ability to ensure timely and accurate completion of all assigned client's compliance testing, valuation reporting and tax filings
• 3(16) Fiduciary Services knowledge a plus
• If remote employee, must have previous experience working from home

Pay

Base salaries are determined during our interview process, by assessing a candidate's experience, skills against internal peers and against the scope and responsibilities of the position.

Schedule

Remote