Senior Plan Consultant – Defined Benefits

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

📋 Description

• Execute annual nondiscrimination testing and submit Form 5500 filings for defined benefit retirement plans.

• Conduct nondiscrimination, coverage, and top-heavy testing for defined benefit plans with up to 250 participants, adhering to established procedures and IRS regulations.

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

• Detect and calculate corrective measures for testing failures or contribution mistakes in line with IRS correction initiatives such as EPCRS.

• Advise plan sponsors on testing outcomes, funding duties, and required corrective measures.

• Prepare IRS Form 5500 and associated schedules, including Schedule SB and actuarial documentation.

• Assist with plan audits by compiling financial and actuarial records, including asset and liability reconciliations.

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

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

• Ensure adherence to internal timelines and regulatory filing obligations.

• Undertake additional tasks associated with defined benefit plan administration and compliance as assigned.

⛳️ Requirements

• 5–10 years of experience in defined benefit or retirement plan administration is preferred.

• Proficient in reading and comprehending complex documentation concerning defined benefit plan design, funding, and compliance.

• Familiarity with fundamental accounting principles and the ability to apply them for reconciling defined benefit plan assets and liabilities.

• Experience with FTWilliam.com software is preferred.

• Willingness to pursue professional certifications such as QPA or QKA through ASPPA.

• Capability to reconcile trust statements and actuarial reports with plan assets and contribution schedules.

• Intermediate skills in Microsoft Excel, including formulas, pivot tables, and reconciliation templates.

• Flexibility and a desire to learn and develop in a collaborative and dynamic work setting.

• Self-motivated with strong problem-solving abilities and capacity to work independently.

• Skill to prioritize tasks and meet IRS and DOL regulatory deadlines, particularly during peak periods.

• Strong interpersonal, written, and verbal communication abilities.

• Exceptional attention to detail, with an emphasis on precision in data and reporting.

• Fundamental customer service skills and the ability to convey complex issues to clients clearly and professionally.

• Consistent virtual workspace available during business hours.

• Family care arrangements in place during business hours.

• Internet speed of 50 MBps or higher for individual use.

🏝️ Benefits

• 401(k) matching.

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• Short-term disability insurance.

• Long-term disability insurance.

• Paid time off.

• Fully remote work arrangement.

• Opportunities to pursue professional certifications such as QPA or QKA through ASPPA.