401(k)/Cash Balance Combo Retirement Plan Administrator
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.
Job Functions, Essential Duties and 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.
Experience, Skills, Knowledge 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
- Intermediate to advanced understanding of retirement plan regulations
- 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
- 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
Supervision
N/A
Core Values
People Matter, Quality First, and Integrity Always®
Availability
Available to work overtime when business needs require
Remote Work Expectations
- Requires an uninterrupted virtual workspace
- Requires reliable internet connection with minimum speed of 25 Mbps
- For call center roles, requires hardwired equipment or proximity to router
Equal Opportunity Employer
We are proud to be an Equal Opportunity Employer
Employment Fraud Warning
Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying. We are proud to be an Equal Opportunity Employer Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about the validity of a job posting, we strongly encourage you to apply directly through our website.