ESOP Plan Consultant

About the Company

Community Financial System, Inc. (CFSI) is dedicated to providing customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Beyond retail banking, we offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. We provide competitive compensation, great benefits, and professional development and advancement opportunities to support long and successful careers.

Responsibilities

• Request data from clients and follow up as needed.
• Prepare quarterly and/or annual administration, including trust accounting and computer work.
• Respond to client inquiries and develop client relationships.
• Prepare 5500 and ERISA reports and accompanying tax forms for each plan.
• Prepare and run tests: ADP, ACP, 410(b), and others as required.
• Monitor 415 and 402(g) limits.
• Check distributions: terminations, hardship withdrawals, in-service withdrawals, and 70+.
• Check and monitor loan requests and prepare loan paperwork.
• Calculate annual employer profit sharing and year-end or true-up matching contributions.
• Monitor incoming receipts of monthly, quarterly, and annual information from clients and investment companies.
• Process plan terminations.
• Review documents prepared by the Documents Team for new and restated plans submitted to the IRS.
• Review amendments as needed.
• Handle IRS and internal client audits.
• Check work of other Pension Administrators and answer their questions.
• Cover for other Pension Administrators as needed.
• Assist in developing forms, procedures, and other materials.
• Research special questions, new rules, and regulations.
• Ensure database reports are current.
• Monitor plans to ensure compliance with current laws and regulations.
• Consult clients on rules and regulations surrounding the administration of QDROs.
• Be available for on-site client committee meetings and annual reviews.
• Assist the Sales Team with the completion of RFPs.
• Assist the Conversion Team with the setup of new clients.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with, all laws and regulations applicable to this position.
• Ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner.

Requirements

• Bachelor’s degree in Business Administration or related field required.
• Minimum of 3 years of related experience, including experience in Pension Plan Administration and Retirement Industry knowledge.
• Good customer service, communication, and analytical skills.
• Highly organized with strong attention to detail.
• Solid project management experience and ability to multitask.
• Proficient with computers and ability to work well with others.
• All applicants must be 18 years of age or older.