DC/DB Combo Plan Administrator

REMOTE, IL | Fully Remote

Posted: 07/10/2024 Industry: Employee Benefits & Retirement Services Job Number: KO24.7.10.6 Remote: Remote Experience:

Job Description

Job Title: DC/DB Combo Plan Administrator

Location: REMOTE

Job Description:

We are seeking a detail-oriented and knowledgeable DC/DB Combo Plan Administrator to join our team. In this role, you will be responsible for overseeing the administration and compliance of defined contribution (DC) and defined benefit (DB) retirement plans for our clients. The ideal candidate will have a strong background in retirement plan administration, a thorough understanding of DC and DB plan regulations, and exceptional organizational skills.

Responsibilities:

  • Manage the day-to-day administration of DC and DB retirement plans for multiple clients.
  • Ensure accurate and timely processing of plan contributions, distributions, loans, and withdrawals.
  • Perform annual compliance testing, including ADP/ACP, top-heavy, 410(b), and 415 limits for DC plans, and coverage and nondiscrimination testing for DB plans.
  • Prepare and review annual IRS Form 5500 filings and ensure compliance with ERISA and IRS regulations.
  • Communicate with plan participants to provide information, answer inquiries, and assist with retirement planning.
  • Review plan documents, amendments, and SPDs to ensure accuracy and compliance with current regulations.
  • Stay informed about changes in retirement plan legislation and industry trends to advise clients and ensure plan compliance.

Requirements:

  • Qualified 401(k) Administrator (QKA), or similar certifications (preferred).
  • Minimum of 2 years of experience in retirement plan administration
  • Strong understanding of ERISA, IRS, and DOL regulations governing retirement plans.
  • Proficiency with Relius, Datair, Ft Williams, or ASC
  • Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
  • Excellent analytical and problem-solving skills, with a high level of attention to detail.
  • Ability to prioritize tasks, manage multiple projects, and meet deadlines in a fast-paced environment.
  • Strong interpersonal and communication skills, both verbal and written.

Benefits:

  • Competitive salary up to 100k!
  • Health, dental, and vision insurance plans.
  • Retirement savings plan with employer matching.
  • Paid time off and holidays.
  • Professional development and training opportunities.
  • 100% Remote opening!

#LI-KO2

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