401(k), Cash Balance Combo Retirement Plan Administrator

This is a fully remote position, open to applicants in Pennsylvania.

📋 Description

• Conduct contribution calculations and annual nondiscrimination assessments for small to medium-sized 401(k)/Cash Balance plans.

• Examine employee census information and formulate client inquiries.

• Execute ADP/ACP, 410(b), 401(a)(4), and 401(a)(26) nondiscrimination evaluations.

• Compute options for tests that do not meet requirements.

• Finalize DC balance forward valuations, journals, and participant statements.

• Determine cash balance contributions and earnings, preparing corresponding journals and participant statements.

• Carry out calculations for self-employment income.

• Conduct year-end estimates, plan design analyses, and projections.

• Perform and review trust accounting and Forms 5500-SF.

• Engage in technical research and support consultants with compliance and plan design matters.

• Recognize consulting opportunities and offer value-added suggestions.

• Aid in enhancing testing procedures and programs, including testing new systems and drafting procedures.

• Take part in team meetings and collaborative discussions.

• Manage assigned workload independently and update the workflow system on a daily basis.

• Complete projects accurately, efficiently, and within set deadlines.

• Safeguard, secure, and properly manage confidential data for Ascensus and clients.

• Provide backup support and handle additional assigned responsibilities.

⛳️ Requirements

• At least 3 years of experience in administering 401(k)/Profit Sharing/Cash Balance plans.

• Intermediate to advanced expertise in conducting DC nondiscrimination testing, including carve-outs, new comparability, gateway, and top-heavy analyses.

• Practical cash balance experience, encompassing the calculation of hypothetical contributions and the execution of 401(a)(26) and combo DC/CB nondiscrimination testing.

• Intermediate to advanced knowledge of retirement plan regulations.

• Excellent verbal and written communication skills, capable of clearly articulating technical concepts.

• Strong attention to detail and precision.

• Robust analytical and problem-solving skills.

• Intermediate proficiency in Excel.

• Basic accounting knowledge.

• Ability to work autonomously as well as collaborate with others.

• Exceptional organizational, time management, and project management skills.

• Capacity to juggle multiple priorities and adapt to shifting business requirements.

• Dependable and accountable, demonstrating a proven record of fulfilling commitments and responsibilities.

• Dedication to professional growth and education in the retirement sector.

• Willingness to work overtime when necessary to meet business demands.

• Comfortable in a fast-paced remote work environment.

• Must have a stable virtual workspace and family care arrangements during work hours.

• Internet speed of 25 Mbps or higher required for individual use.

• Preferred ASPPA CPC or QPA designation.

🏝️ Benefits

• 401(k)/Cash Balance Combo Retirement Plan.

• Remote work flexibility.

• Opportunities for professional development and education in the retirement industry.

• Support/preference for ASPPA CPC or QPA designation.

• Overtime availability as business needs arise.

• Guidance on maintaining an uninterrupted virtual workspace and meeting internet speed requirements for remote work.