Job Title: Defined Benefit Administrator/Enrolled Actuary Department: Compliance Reports To: Vice President of Operations FLSA Status: Exempt Reporting Dept: NA Salary Grade: None
POSITION SUMMARY To complete Defined Benefit retirement plan compliance and related annual administration and provide Defined Benefit support to our consultants as they service the client.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Analyze plan documents to determine correct administrative components, and make client recommendations resulting in optimum plan operation for the client
Determine participant eligibility
Conduct non-discrimination testing
Perform plan coverage testing to include: 410(b)/Highly Compensated/Top Heavy
Confirm participant vesting
Calculate annual plan contributions and provide guidance as limits are approached
Prepare and Sign Schedule SB Forms/Packages, AFTAP's, Annual Funding Notices, PBGC and FASB's
Calculate vesting and prepare termination calculations
Prepare monthly benefit calculations
Calculate annual employer contribution, prepare contribution letter, and communicate the contribution amount to the Consultant
Design new plan proposals
Assist with Takeover plans
Enter document provisions in Datair
Tracks all completed work in WIP, Time tracker and APC Gold programs.
Maintain satisfactory attendance with focus on peak workload periods
AUXILLARY DUTIES AND RESPONSIBILITES
Coordinate defined benefit compliance work-flow as assigned
Participate in group or individual discussions regarding department process or policy improvements
Assist with training or research
Mentor staff/coworkers with training, assistance or research
Other duties may be assigned
KNOWLEDGE – SKILLS - ABILITIES
Knowledge of current IRS, DOL and PBGC regulations
Full competency for design and testing of Floor Offset and Combined Plans
Ability to concentrate; highly organized and detail oriented individual
Highly skilled in plan administration, while requiring little supervision
Strong problem solving and interpersonal skills
Ability to maintain high degree of accuracy
Experience with plan administration software and ability to understand and manipulate the detailed mechanics
Ability to meet internal turnarounds and productivity requirements
Ability to work quickly and accurately under deadlines
Ability to interpret complex technical literature
Ability to interpret information and utilize resources to complete work assignments
Ability to research and propose accurate and detailed solutions to administrative questions
MINIMUM QUALIFICATIONS
Enrolled Actuary
Bachelor's degree or equivalent experience
5+ years of experience administrating DB and DC Plans with minimal supervision
Excellent math and analytical skills (supported by experience and/or related coursework)
PHYSICAL / ENVIRONMENTAL CHARACTERISTICS Work is performed in an office environment and requires:
Sitting for prolonged periods of time using a computer keyboard, mouse, and screen
Standing and walking may require twisting, reaching, bending, crouching and kneeling
Grasping, pushing, pulling, dragging and lifting boxes of files and other office items weighing 30 pounds or less
Mobility, vision, hearing and dexterity levels appropriate to the duties to be performed
Work Location: Remote or in-office (Chico or Sacramento, CA)