Note: The job is a remote job and is open to candidates in USA. The client is a second-generation independent third-party administrator firm specializing in qualified retirement plan administration. The DB/DC Plan Administrator will manage end-to-end defined benefit and defined contribution plan administration, serve as the primary client contact, perform compliance and reporting activities, and oversee a caseload of 80 to 100 plans.
Responsibilities
- Review and scrub census data and determine and confirm participant eligibility across both defined contribution and defined benefit plans
- Calculate employer contributions and top-heavy minimum contributions in accordance with plan provisions for DC plans
- Coordinate with actuarial team to obtain contribution calculations and valuations for defined benefit and cash balance plans
- Perform compliance testing including ADP/ACP testing, 401(a)(4) nondiscrimination testing, 410(b) coverage testing, and top-heavy testing across all employer contribution allocation methods including simple, permitted disparity, cross-testing, and new comparability
- Reconcile plan assets and prepare annual trust accounting for both DC and DB plans
- Prepare and file Form 5500 and all related schedules including Schedule SB coordination for defined benefit plans
- Prepare annual plan valuations including benefit statements and participant account reporting
- Process loan and distribution requests in compliance with plan documents and IRC requirements
- Prepare plan amendments and restatements and work with legal and internal teams on plan document changes
- Identify operational failures and recommend appropriate corrective actions through EPCRS programs
- Maintain regular professional communication with plan sponsors, accountants, financial advisors, and actuarial partners
- Manage an initial caseload of 80 to 100 DB/DC plans with evaluation and adjustment after the first year
Skills
- Minimum 2 years of A to Z soup to nuts plan administration experience spanning both defined contribution and defined benefit plans
- Bachelor's degree preferred Math, Actuarial Science, Accounting, or Finance preferred
- Proficiency in all employer contribution allocation methods including simple, permitted disparity, cross-testing, and new comparability
- Working knowledge of defined benefit plan funding concepts including coordination with actuarial teams on contribution calculations and valuations
- Strong attention to detail and commitment to accuracy and quality in all work product
- Excellent written and verbal communication skills with plan sponsors, accountants, and financial advisors
- Ability to thrive in a team environment and contribute positively to a collaborative culture
- Proficiency in Microsoft Excel
- Ability to work independently and manage a large and varied caseload with minimal supervision
- ASC experience preferred (not required) this is the firm's primary administration platform
- ASPPA designations or active pursuit of designation QKA, QPA, CPC, or EA a meaningful plus
- Cash balance plan experience strongly preferred
- Experience managing a combined DB/DC caseload of 80 or more plans
- Experience with plan document review and interpretation across both plan types
- Experience with plan amendments, restatements, and EPCRS corrections
- Experience coordinating with enrolled actuaries on Schedule SB preparation and PBGC filings
Benefits
- Remote work environment with hybrid options available
- Collaborative and technically focused team culture with weekly video collaboration
- An environment that invests in genuine technical expertise and professional development
- Opportunity to be part of a respected second-generation independent TPA with over 50 years in the industry
- Comprehensive benefits package
Company Overview