401k Retirement Plan Administrator
REMOTE, CO US | Fully Remote TELECOMMUTE US
Job Description
Position: 401k Retirement Plan Administrator (FULLY REMOTE)
Overview: We are seeking a detail-oriented and analytical 401k Retirement Plan Administrator to join our team. The successful candidate will be responsible for managing the day-to-day operations of our clients' retirement plans, ensuring compliance with regulatory requirements and providing exceptional service to plan participants.
Responsibilities:
- Oversee the administration of 401k retirement plans, including enrollment, contributions, distributions, loans, and compliance testing
- Coordinate with plan sponsors and third-party service providers to ensure accurate and timely processing of plan transactions
- Review plan documents and ensure compliance with IRS and DOL regulations, including performing annual non discrimination testing and preparing Form 5500 filings
- Educate plan participants on plan features, investment options, and retirement planning strategies
- Respond to participant inquiries and provide exceptional customer service
- Monitor plan expenses and negotiate fees with service providers to ensure competitive pricing
- Prepare and deliver plan performance reports to plan sponsors and other stakeholders
- Stay up-to-date on industry trends and regulatory developments that may impact retirement plan administration
- Develop and implement process improvements to increase efficiency and accuracy in plan administration
- Maintain accurate and up-to-date records in our record keeping system
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Job Requirements
Qualifications:
- At least 2 years of experience in retirement plan administration, preferably with 401k plans
- Strong knowledge of ERISA regulations and IRS and DOL requirements for retirement plans
- Excellent analytical and problem-solving skills, with the ability to interpret complex plan documents and regulations
- Strong attention to detail and ability to prioritize and manage multiple tasks and deadlines
- Excellent interpersonal and communication skills, with the ability to effectively communicate with plan sponsors, service providers, and plan participants
- Proficiency in MS Excel and other software tools commonly used in retirement plan administration
- ASPPA or NIPA certification preferred
Compensation: We offer a competitive salary and benefits package, including health insurance, 401k plan, and opportunities for professional development.