Jobs · Information Technology

Defined Benefits Administrator

RemoteHunter · United States · 2 wk ago
RemoteRemoteInformation Technology$70k–$75k/yrFull-time
About Our Client:Prime Pensions, Inc. is a retirement plan administration and actuarial firm specializing in 401(k), profit sharing, defined benefit, cash balance, and other qualified retirement plans for employers across the United States. Since 1975, the organization has provided customized retirement plan solutions emphasizing technical expertise, accuracy, and personalized service. It supports diverse plan designs and investment arrangements while maintaining comprehensive oversight and quality standards throughout the administration process. About the Opportunity:The DEFINED BENEFITS ADMINISTRATOR is responsible for managing the administration and compliance of Defined Benefit and Cash Balance retirement plans. This role oversees a portfolio of plans, performing annual administration, participant benefit calculations, compliance testing, contribution calculations, regulatory reporting, and other technical plan administration tasks. The position works closely with Enrolled Actuaries, Consultants, and the broader retirement plan administration team to ensure accurate and timely completion of client work. Responsibilities:Manage annual administration of assigned Defined Benefit and Cash Balance plans.Review and interpret plan documents to determine administrative requirements.Determine participant eligibility, compensation, service, vesting, and benefit accrual data.Review participant census and plan data for accuracy.Identify discrepancies or potential administrative and compliance issues.Prepare annual plan administration reports, calculations, and client deliverables.Maintain accurate plan records and supporting documentation.Coordinate resolution of administrative, compliance, and trust-related issues.Prepare participant benefit calculations including retirement, termination, RMD, and periodic calculations.Calculate annual employer contributions and prepare related information.Assist with contribution projections and review calculations for accuracy.Coordinate with Enrolled Actuaries on funding and actuarial calculations.Perform nondiscrimination, coverage, HCE, and Top-Heavy testing.Prepare Schedule SB information and assist with AFTAP calculations and related requirements.Prepare and coordinate PBGC notices and filings.Assist with annual government reporting and monitor regulatory deadlines.Research technical and administrative questions using applicable regulations and procedures.Assist with plan conversion, onboarding, and takeover reviews.Enter and maintain plan provisions within administration systems.Support Defined Contribution arrangements as applicable.Communicate effectively with stakeholders regarding plan administration matters.Coordinate with Compliance, Trust Administration, and other departments to resolve issues.Assist with quality control reviews of Defined Benefit administration work.Manage workflow, maintain records in workflow and time-tracking systems.Meet established turnaround times, productivity, and quality standards. Requirements:Minimum of two years of Defined Benefit retirement plan administration experience.Strong mathematical and analytical skills.Ability to interpret plan documents and applicable retirement plan regulations.Effective communication skills for collaboration with actuaries, consultants, and team members. Pay Range and Compensation Package:$70,000–$75,000 annually Equal Opportunity Statement: Our client is an equal opportunity employer. They celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, or national origin. Note:RemoteHunter is a recruitment partner of this role. Please note that all employment decisions, including candidate assessment, interviews, hiring, compensation, and employment terms, are made exclusively by the hiring employer.

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