Retirement Plan Consultant

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.

About the role

Serve as a resource to plan sponsors and financial advisors for matters related to ERISA compliance, plan design, and governmental reporting. This person is the single point of contact for the employer, financial professional, and plan sponsor for their accounts. A Retirement Plan Consultant handles client meetings both in person and via phone, serving as the retirement plan expert on testing, 5500 filings, loans, and distributions. Additionally, this individual can easily grasp plan design with the ability to assist in plan operation and document updates.

Responsibilities

• Provide timely, exceptional customer service, including problem solving and issue resolution with minimal inconvenience to clients.
• Provide effective verbal and written communications in a clear, concise, and informative manner.
• Act as a mentor to Retirement Plan Coordinators, collaborating to meet or exceed defined business objectives, firm goals, and client obligations, as applicable.
• Assist clients with all initial and ongoing plan design and document needs, including promoting awareness and educating clients regarding their obligations with IRS and DoL regulations.
• Assist clients in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plans.
• Assist clients with service and IRS plan terminations.
• Maintain up-to-date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self-study and company-sponsored training sessions.
• Complete or assist with payroll processing as required by the products assigned.
• Accountable for all aspects of valuation reports, participant statements, and annual testing.
• Review or perform, as needed, the annual testing for plans, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), deductibility, and 402(g).
• Work with assigned coordinator(s) to provide compliant and accurate valuation reports, participant statements, trust accounting, annual testing, and reporting as applicable.
• Review distribution paperwork and coordinate processing of distributions with the asset holder.
• Review loan paperwork and coordinate processing of loans with the asset holder.
• Review or prepare Form 5500 and coordinate with the plan sponsor to help ensure timely filing.
• Assist auditors if a plan is subject to an audit.
• Assist IRS and DOL auditors if the plan is subject to an IRS or DOL audit.
• Coordinate with all applicable parties, both internal and external, to ensure an accurate conversion process for new clients (including but not limited to actuaries, financial advisors, attorneys).
• As applicable, work with an assistant to coordinate and oversee activities that will ensure timely and accurate completion of the book of business.
• Assist with other tasks and projects as assigned.
• 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.
• Demonstrate the company’s I-Client service philosophy and Core Values of People Matter, Quality First, and Integrity Always® in day-to-day actions.

Requirements

• Bachelor’s degree preferred.
• 3-5 or more years of ERISA experience in the retirement industry.
• Experience in analysis of financial data required.
• Experience in Relius software desirable, but not required.
• Strong Word, Excel, and Outlook skills.
• Strong written and oral communication skills.
• Strong analytic mentality associated with problem-solving skills.
• Detail-oriented with the ability to prioritize and manage tasks to partner with business operations, including related ERISA compliance matters.
• Ability to effectively plan and assign work to and oversee plan associates that are qualified to assist with plan modifications.

Pay

The national average salary range for this role is $55K–80K in base pay, exclusive of any bonuses and benefits. Actual salary offered will vary and may be above or below the range based on factors including but not limited to location, experience, performance, and internal pay alignment.

Benefits

• 401(k) match
• Medical, dental, and vision coverage
• Paid time off

For more information, visit careers.ascensus.com/#Benefits.