401(k)/Cash Balance Combo Retirement Plan Administrator
Ascensus · Dresher, PA · 1 mo ago
RemoteRemoteFinance$55k–$90k/yrFull-time
We need to output HTML fragment with sections: h3 for headings like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We must include sections only when posting has real specific content. We need to parse the posting.
The posting includes:
- Intro about FuturePlan (company description). Could be "About the role"? Actually "About the role" is a heading for description of role. The posting includes "Section 1: Position Summary" which is a summary of role. So we can treat that as About the role.
- Section 2: Job Functions, Essential Duties and Responsibilities: list of duties. So we can have
Responsibilities
with- each duty.
- Section 3: Experience, Skills, Knowledge Requirements: includes requirements, skills, knowledge. Could be split into Requirements and Skills sections. The instruction: Use headings for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule). We can include Requirements and Skills. Possibly also Qualifications (but we can combine). We need to avoid filler headings like Pay, Schedule, Benefits unless actual content present. The posting mentions salary range: "The national average salary range for this role is $55K-90K in base pay, exclusive of any bonuses and benefits." Also mentions benefits: "Other rewards and benefits may include: 401(k) match, Medical, Dental, Vision, Paid-Time-Off, etc." So we have Pay and Benefits sections with specific content. Also schedule? Not mentioned. So we should not include Schedule.
We also have remote work requirements: internet speed, workspace, etc. That could be under Requirements or maybe under "Work Environment"? Not a specified heading. We could include under Requirements or maybe under Skills? Probably include under Requirements as part of experience/skills.
We need to preserve all substantive information, not invent or summarize away detail. Must not repeat job title as heading. Must not put Job ID/requisition numbers as headings (none present). Must remove boilerplate: cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. The posting includes some EEO statement: "We are proud to be an Equal Opportunity Employer". Also scam warning about email communications. Also note about internet speed requirement etc. Those are not boilerplate? The internet speed requirement is part of job requirements (specific). The EEO statement is boilerplate; we should remove. The scam warning about email communications is also boilerplate; remove. Also note about "For all virtual remote positions..." is specific requirement; keep. The note about internet speed requirement is specific; keep.
We need to output only HTML fragment, no /, no markdown fences.
Thus structure:
About the role
FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.
Section 1: Position Summary Timely and accurate completion of contribution calculations and annual nondiscrimination testing for small to medium combo 401(k)/Cash Balance plans. Be a technical resource for consultants and other team members.
But maybe we should combine the company description and position summary into About the role. Could be two paragraphs. Then Responsibilities: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
- Perform 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 of 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 workflow system daily
- Complete projects accurately, efficiently, and timely
- Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
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
- Basic accounting skills
- Ability to work independently as well as 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
- For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual workspace and there is also an expectation of family care being in place during business hours.
- Additionally, there is an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required.
Skills
- Strong verbal and written communication skills, with the ability to clearly explain technical concepts
- Attention to detail and accuracy
- Strong analytical and problem-solving abilities
- Intermediate proficiency in Excel
- Ability to work independently as well as collaborate with others (but this duplicates; maybe keep only once under Skills or Requirements. We can keep under Skills and remove duplicate from Requirements.) Let's adjust: Keep collaboration under Skills.
- 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