The Plan Consultant is a key compliance and technical resource responsible for administering and supporting employer-sponsored retirement plans. Training is provided to acquire expertise in plan testing, contribution calculations, and government filings. The Plan Consultant collaborates with internal teams and clients to ensure retirement plans are operated in full compliance with IRS, DOL and ERISA regulations.

Key Responsibilities

• Maintain an assigned book of plans, including defined benefit and defined contribution plans.
• Prepare (and/or review, based on experience) valuations and compliance testing pursuant to
• ERISA guidelines and IRS procedures: Calculate plan contributions to optimize tax savings while passing required testing; Perform additional required testing, such as General Testing (401(a)4), Compensation Ratio Testing (414(s) Testing), etc.; Prepare earned income calculation, as necessary, for an unincorporated employer; Prepare asset reconciliations, including trust accounting, as necessary.
• Prepare (and/or review, based on experience) necessary government filings pursuant to
• IRS/DOL guidelines and requirements, included but not limited to Forms 5500, 5330, and
• Schedule SB.
• Analyze plan documents and pro-actively recommend changes to accommodate client needs.
• Assist plan sponsors with the plan termination process, including PBGC-covered plans.
• Provide quality communication with the plan sponsor, advisors, and accountants.
• Prepare preliminary design studies and projections for prospective clients.
• Support actuaries and consultants to provide superior client service.
• Prepare calculation of retirement distribution benefits.
• Prepare PBGC premium filings and notices.

Qualifications

• Minimum of 3+ years of experience in defined benefit and defined contribution administration.
• In-depth knowledge of IRS, DOL and ERISA regulations.
• Proficient skills with Microsoft products, specifically Excel and Word.
• Ability to work under pressure and prioritize work based on deadlines.
• Strong analytical and mathematical skills.
• Excellent written and verbal communication skills.
• Meticulous attention to detail and accuracy.
• Ability to work with minimal day-to-day supervision.
• Familiarity of PBGC requirements.

Desired but not Required

• ASPPA or IRS industry-specific designations or willingness to attain them.
• Working knowledge of PensionPro, Datair and FTWilliam.