Note: The job is a remote job and is open to candidates in USA. Pinnacle Plan Design is seeking a Defined Contribution Plan Consultant to service retirement plan clients and professionals while performing annual administration for qualified defined contribution plans. The role involves preparing and reviewing reports, interpreting plan documents, conducting compliance testing, tracking client data, identifying redesign opportunities, and providing high-quality client service.
Responsibilities
- Preparation and review of annual reporting and use of judgment required on qualified defined contribution plans for reviewer and senior manager review
- Review and interpret the plan document specifications and apply to the employee/participant
- Prepare contribution allocation using new comparability formula maximum
- Review Reconciled trust accounts to plan accounts
- Perform non-discrimination testing (combined plan where applicable)
- Prepare IRS Forms 5558, 5330, and 5500, 8955
- Calculate required minimum distributions
- Prepare excel testing and contribution file for comparison to pension software file output
- Identify highly compensated and key employees
- Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information
- Review draft amendments and plan documents
- Provide high-quality service with clients, accountants, attorneys and investment advisors on plan related issues. Develop long-term working relationships
- Track data and follow up with related parties to receive data
- Meet stringent industry, client and company turnaround times while maintaining client caseload
- Review of participant disclosures and notifications
- Review and recognize potential plan redesign opportunities and prepare estimates
- Identify potential prohibited transactions such as late deposits and impermissible loans
- Train other team members, as needed
- Review and make decisions on client invoicing and the work of others, as needed
Skills
- Detailed oriented in all aspects of administration including compliance testing and trust accounting
- Demonstrated ability to multi-task, meet deadlines, and work in a fast-paced environment to create high-quality products and solutions to be reviewed by managers and reviewers
- Demonstrated technical knowledge and interpersonal communication skills needed to effectively and diplomatically review others' work
- Demonstrated ability and willingness to take full responsibility for assigned client plans, completing work in a timely manner, communicating with clients, collaborating with colleagues, and proactively resolving issues
- Demonstrated ability to analyze situations and attention to detail to ensure quality
- Willingness to champion special projects
- Knowledge of IRS/ERISA regulations is beneficial
- Advanced proficiency in using Microsoft Office products and other technology to complete tasks. ASC experience helpful
- Pension Pro experience is beneficial
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