Defined Benefit Retirement Plan Administrator

Reports to Managers / Owners.

The Retirement Plan Administrator II position duties include: performing annual administration for defined benefit plans, preparing annual reports for review, interpreting and reviewing plan documents, tracking data and following up with clients and identifying potential plan redesign opportunities. This position reports to Managers / Owners.

Primary Responsibilities

  • Preparation of annual reporting required on qualified defined benefit plans for Senior Manager / Actuary / Shareholder review including:
    • Review and Interpret the plan document specifications and apply to the employee / participant
    • Prepare optimum contribution allocation;
    • Review Reconciled trust accounts to plan accounts;
    • Perform non-discrimination testing (combined plan where applicable);
    • Calculate minimum required contribution, maximum deductible and recommended contribution for the DB plan;
    • Calculate maximum benefits (415(b)) as needed;
    • Prepare IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307 and 5310, and PBGC Forms;
    • Calculate required minimum distributions;
    • Prepare excel testing and contribution file for comparison to pension software file output;
    • Identify highly compensated and key employees and assure minimum allocations to non-highly compensated and non-key employees are met.
    • Review distribution and loan disclosures and paperwork based upon plan provisions
    • Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information
    • Prepare Plan Termination submission as applicable (i.e., PBGC, IRS)
    • Review draft amendments and plan documents
  • Communicate with client, accountant, attorney and investment advisor on plan related issues. Develop relationships with clients to establish long-term working relationships

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