Plan Consultant I – DB

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

📋 Description

• Conduct nondiscrimination, coverage, and top-heavy assessments for defined benefit plans with up to 100 participants, adhering to established procedures and IRS guidelines.

• Determine annual mandatory and optional employer contributions based on actuarial assessments and funding necessities.

• Recognize and compute corrective measures for testing deficiencies or contribution mistakes in line with IRS correction programs like EPCRS.

• Provide guidance to plan sponsors and advisors regarding testing outcomes, funding responsibilities, and required corrective measures.

• Aid in the preparation of IRS Form 5500 and associated schedules, including Schedule SB, for defined benefit plan submissions.

• Collect and reconcile both historical and current plan data during transitions, mergers, or terminations of plans.

• Work collaboratively with advisors, actuaries, auditors, and plan sponsors on plan structure, funding contributions, and Form 5500 reconciliation.

• Ensure adherence to internal timelines and regulatory submission standards.

• Undertake additional responsibilities related to the administration and compliance of defined benefit plans as required.

⛳️ Requirements

• 2–3 years of experience in the administration of defined benefit or retirement plans (preferred).

• Capability to read and comprehend documentation pertinent to defined benefit plan design, funding, and compliance.

• Familiarity with FTWilliam.com software (preferred).

• Willingness to pursue professional certifications such as the QPA, QKA, or CBS through ASPPA, or to sit for Society of Actuaries and Enrolled Actuary exams.

• Excellent interpersonal, written, and verbal communication abilities.

• Self-motivated with strong analytical skills and the capacity to work autonomously.

• Basic customer service skills, capable of clearly and professionally elucidating complex issues to clients.

• A stable virtual workspace for remote work.

• Family care arrangements in place during business hours.

• Minimum internet speed of 50 MBps for individual usage.

🏝️ Benefits

• 401(k) matching contributions.

• Medical insurance coverage.

• Dental insurance coverage.

• Vision insurance coverage.

• Life insurance policy.

• Short-term disability insurance.

• Long-term disability insurance.

• Paid time off.

• Reasonable accommodations for individuals with disabilities.

• Flexible remote work options.