Job Summary:
This position specializes in the compliance of ESOP qualified retirement plans. Primary responsibilities are to assist with plan administration and quality control of recordkeeping and administration.
Duties/Responsibilities:
Responsible for the overall client engagement start to finish.
A clear understanding of technical issues, and the ability to clearly demonstrate both orally and in writing.
The ability to communicate with Advisors, CPAs, and Attorney’s as it pertains to the plan is a must.
Overseeing specific work duties include annual/quarterly valuations, compliance testing, financial and government (Form 5500) reporting, plan audit support and plan document services.
Knowledge of legislative regulations of defined contribution plans including, but not limited to, 401(k) and ESOP/KSOPs.
Interacts with team members and colleagues at all levels.
Documents all procedures and processes.
Maintain work schedule and monitor work to ensure that deadlines are being met while handling multiple tasks.
Review of distributions and loans, testing, Form 5500 and plan documents.
Must be a team player and be able to work independently; the ability to perform quality work in a fast-paced environment and meet supported deadlines.
Required Skills/Abilities:
College degree or relevant work experience
7+ years’ experience in complex defined contribution plan administration including ESOPs.
QKA (Qualified 401(k) Administrator) designation preferred.
Experience in working with leveraged ESOPs is a plus.
Organization and communication skills are a must.
Flexibility to work extended hours, during peak activity months.
Government filings such as Form 5500, VCP and DFVCP requests.
Compliance tests including IRC 401(a) general nondiscrimination, ADP/ACP, 410(b) coverage, 416 top heavy tests and 409(p) tests.
Experience with complex ESOP compliance testing such as §409(p), §415 testing and fair value testing is a plus.
Willingness to work on 401(k), 403(b), and 457(b) plans in addition to ESOP retirement plans
Strong computer skills, including Microsoft Office (Excel, Outlook and Word)
Experience with Relius required.
Experience in a Customer-facing environment required.
Demonstrated relational skills such as diplomacy, judgment, decision making and discretion.
Demonstrated critical thinking abilities.
Initiative, creativity, and energetic active engagement in all work responsibilities.
Multi-task, prioritize workflow of self and others and coordinate activity as an effective team member to meet deadlines and make effective decisions under pressure.
Demonstrated professional business skills and demeanor.
Demonstrated ability to identify and problem solve complex situations.
Apply judgment with respect to high level business impact and risk.