Defined Benefit Plan Consultant
FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds:
high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com. FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds:
high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com. Position Summary Serve as a resource to plan sponsors and financial advisors for matters related to defined benefit and defined contribution ERISA compliance, plan design and governmental reporting. Use experience and knowledge to serve as a resource to internal associates. This position serves as the retirement plan expert on DC and DB plans on combined-plan testing, 5500, loans and distributions and understands plan design and can assist on plan operation and document updates. Job Functions, Essential Duties and Responsibilities Provide superior customer service, including problem solving with minimal inconvenience to clients Provide effective and timely verbal and written communications in a clear, concise and informative written manner Assist the client with all initial and ongoing plan design and document support Assist the client in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plan Maintain up-to date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self study and company-sponsored training sessions Responsible for most all aspects of actuarial valuation reports, participant statements, Annual Funding Notice, and AFTAP preparation Review or perform, as needed, the annual combined-plan testing for combo clients Review benefit calculations and distribution paperwork Review or prepare Form 5500, draft Schedule SB for actuary, and coordinate with plan sponsor to help ensure timely filing Review or prepare annual PBGC premium filings Assist in preparation of PBGC termination filings Assist auditors if a plan is subject to an annual audit Under the direction of leadership, assist IRS, DOL and PBGC auditors, if the plan is subject to an IRS, DOL or PBGC audit Coordinate with all applicable parties, both internal and external, to ensure accurate takeover process for new clients including set up to match prior valuation As applicable, work with Actuarial Analysts, Enrolled Actuaries, or independently to coordinate and oversee activities that will ensure timely and accurate completion of a large book of business Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients. Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture. Assist with other tasks and projects as assigned Experience, Skills, Knowledge Requirements Minimum 5 years of ERISA defined benefit and defined contribution experience in the retirement industry Experience in analysis of financial data required Traditional Defined Benefit and Cash Balance Plan experience highly preferred. Experience in ASC software desirable, but not required Strong Word, Excel, and Outlook skills Strong written and oral communication skills Strong analytical and problem solving skills Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity--housed within our Core Values:
People Matter. Quality First. Integrity Always. As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.
Salary Range:
$80K -- $100K
Minimum Qualification
Corporate Finance, Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com. FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds:
high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com. Position Summary Serve as a resource to plan sponsors and financial advisors for matters related to defined benefit and defined contribution ERISA compliance, plan design and governmental reporting. Use experience and knowledge to serve as a resource to internal associates. This position serves as the retirement plan expert on DC and DB plans on combined-plan testing, 5500, loans and distributions and understands plan design and can assist on plan operation and document updates. Job Functions, Essential Duties and Responsibilities Provide superior customer service, including problem solving with minimal inconvenience to clients Provide effective and timely verbal and written communications in a clear, concise and informative written manner Assist the client with all initial and ongoing plan design and document support Assist the client in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plan Maintain up-to date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self study and company-sponsored training sessions Responsible for most all aspects of actuarial valuation reports, participant statements, Annual Funding Notice, and AFTAP preparation Review or perform, as needed, the annual combined-plan testing for combo clients Review benefit calculations and distribution paperwork Review or prepare Form 5500, draft Schedule SB for actuary, and coordinate with plan sponsor to help ensure timely filing Review or prepare annual PBGC premium filings Assist in preparation of PBGC termination filings Assist auditors if a plan is subject to an annual audit Under the direction of leadership, assist IRS, DOL and PBGC auditors, if the plan is subject to an IRS, DOL or PBGC audit Coordinate with all applicable parties, both internal and external, to ensure accurate takeover process for new clients including set up to match prior valuation As applicable, work with Actuarial Analysts, Enrolled Actuaries, or independently to coordinate and oversee activities that will ensure timely and accurate completion of a large book of business Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients. Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture. Assist with other tasks and projects as assigned Experience, Skills, Knowledge Requirements Minimum 5 years of ERISA defined benefit and defined contribution experience in the retirement industry Experience in analysis of financial data required Traditional Defined Benefit and Cash Balance Plan experience highly preferred. Experience in ASC software desirable, but not required Strong Word, Excel, and Outlook skills Strong written and oral communication skills Strong analytical and problem solving skills Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity--housed within our Core Values:
People Matter. Quality First. Integrity Always. As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.
Salary Range:
$80K -- $100K
Minimum Qualification
Corporate Finance, Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications.
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