401(k)/Cash Balance Combo Retirement Plan Administrator

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 high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. The role involves timely and accurate completion of contribution calculations and annual nondiscrimination testing for small to medium combo 401(k)/Cash Balance plans, serving as a technical resource for consultants and other 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
• 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
• Adhere to Ascensus Core Values: People Matter, Quality First, and Integrity Always®

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, 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
• Availability to work overtime when business needs require
• Comfortable working in a fast-paced remote environment

For all virtual remote positions, an uninterrupted virtual workspace is required, with family care in place during business hours. Internet speed must be 25 Mbps or better for individual use. If multiple people share the same connection, a stronger speed is required. For call center roles, hardwiring equipment directly to the internet router or ensuring close proximity to the router is necessary.