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Retirement Plan Analyst

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General Description: The Retirement Planning Services Plan Analyst supports the Consultant and functions as the primary day-to-day contact for Retirement Plan clients.

 

Responsibilities:

  • Support Consultant by maintaining the client relationship in a proactive manner.
  • Act as the day to day contact for both large and small retirement plan clients; answer questions about plan operations and administration.
  • Assist clients with keeping their plan(s) compliant with ERISA provide information and technical assistance to keep clients informed of industry requirements, changes and trends.
  • Assist clients with operating their plans at the optimal efficiency level.
  • Research and resolve processing and miscellaneous administrative or billing issues with client and internal team members.
  • Prepare reporting packages in a timely manner; understand and review plan and participant-level reports.
  • Create draft of annual filings; i.e. Forms 5500 8955 and any necessary Form 5330 filings.
  • Draft annual notices for Consultant review, deliver to client contact for distribution.
  • Create and maintain electronic versions of enrollment kits and notices for each retirement plan.
  • Complete quarterly review of all client plans, including census, eligibility, participant loans and distributions.
  • Perform coverage and nondiscrimination tests for Consultant review, and direct corrective actions.
  • Understand other plan issues such as minimum required distributions, hardship distributions, QDROs, joint and survivor requirements, compensation, benefits and contribution limits, and Social Security integration.
  • Create daily-valued and balance-forward valuations for Consultant review, including reconciliation of assets to trust statement, calculation and allocation of contributions, , and reallocation of forfeitures.
  • Participate in peer review to ensure accuracy of all deliverables.
  • Perform calculation and review of RMDs, QDRO splits, and determine participant account vesting levels.
  • Maintain plan-specific information and records in internal databases and departmental files, following procedures for archiving of documents.
  • Interpret fee schedules and complete quarterly invoicing.
  • Serve as back-up for Participant Call Center.
 

Knowledge, Skills and Abilities:

  • College degree preferred. 2-3 years current experience in Defined Contribution Administration preferred. Prefer experience with Schwab Retirement Technology.
  • High level of computer literacy including working knowledge of Windows, Excel, Word for Windows and databases.
  • Establish effective working relationships with Clients, Internal Partners, and Vendors.
  • Working knowledge of daily-valued and balance forward valuations and plan documents and implications of plan provisions. Ability to read and understand plan documents.
  • Working knowledge of pension laws and IRS regulations; ability to research compliance issues.
  • Excellent written and verbal communication skills. Excellent attention to detail, problem-solving, organizational and time-management skills.

Job ID:

18578

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