Senior Plan Consultant, Defined Benefit
Job Description:
• Responsible for completion of annual nondiscrimination testing and Form 5500 filings for defined benefit retirement plans.
• Collaborates directly with advisors, actuaries, auditors, and plan sponsors to provide consulting on plan design, funding contributions, and Form 5500 reconciliation.
• Performs nondiscrimination, coverage, and top-heavy testing for defined benefit plans up to 250 participants, in accordance with documented procedures and IRS regulations.
• Calculates annual required and discretionary employer contributions based on actuarial valuations and funding requirements.
• Identifies and calculates corrective actions for testing failures or contribution errors in compliance with IRS correction programs (e.g., EPCRS).
• Consults with plan sponsors to explain testing results, funding obligations, and any necessary corrective actions.
• Assists in the preparation of IRS Form 5500 and related schedules, including Schedule SB and actuarial attachments, for defined benefit plan filings.
• Supports plan audits by preparing required financial and actuarial documentation, including asset and liability reconciliations.
• Assists with gathering and reconciling historical and current plan data during plan conversions, mergers, or terminations.
• Ensures compliance with internal deadlines and regulatory filing requirements.
• Performs other duties related to defined benefit plan administration and compliance, as assigned.
Requirements:
• 5–10 years of experience in defined benefit or retirement plan administration (preferred)
• Ability to read and understand complex documentation related to defined benefit plan design, funding, and compliance
• Knowledge of basic accounting principles and the ability to apply them to reconcile defined benefit plan assets and liabilities
• Experience with FTWilliam.com software (preferred)
• Willingness to pursue professional certifications such as the QPA, QKA, or CBS through ASPPA or Society of Actuary and Enrolled Actuary exams
• Ability to reconcile trust statements and actuarial reports to plan assets and contribution schedules
• Intermediate proficiency in Microsoft Excel, including use of formulas, pivot tables, and reconciliation templates
• Adaptable and eager to learn and grow in a collaborative and evolving work environment
• Self-starter with strong problem-solving skills and the ability to work independently
• Capable of managing priorities and meeting IRS and DOL regulatory deadlines, particularly during peak seasons
• Strong interpersonal, written, and verbal communication skills
• Excellent attention to detail, with a focus on accuracy in data and reporting
• Basic customer service skills, with the ability to explain complex issues to clients clearly and professionally.
Benefits:
• 401(k) match
• medical
• dental
• vision
• life insurance
• short and long term disability
• paid-time off
• Responsible for completion of annual nondiscrimination testing and Form 5500 filings for defined benefit retirement plans.
• Collaborates directly with advisors, actuaries, auditors, and plan sponsors to provide consulting on plan design, funding contributions, and Form 5500 reconciliation.
• Performs nondiscrimination, coverage, and top-heavy testing for defined benefit plans up to 250 participants, in accordance with documented procedures and IRS regulations.
• Calculates annual required and discretionary employer contributions based on actuarial valuations and funding requirements.
• Identifies and calculates corrective actions for testing failures or contribution errors in compliance with IRS correction programs (e.g., EPCRS).
• Consults with plan sponsors to explain testing results, funding obligations, and any necessary corrective actions.
• Assists in the preparation of IRS Form 5500 and related schedules, including Schedule SB and actuarial attachments, for defined benefit plan filings.
• Supports plan audits by preparing required financial and actuarial documentation, including asset and liability reconciliations.
• Assists with gathering and reconciling historical and current plan data during plan conversions, mergers, or terminations.
• Ensures compliance with internal deadlines and regulatory filing requirements.
• Performs other duties related to defined benefit plan administration and compliance, as assigned.
Requirements:
• 5–10 years of experience in defined benefit or retirement plan administration (preferred)
• Ability to read and understand complex documentation related to defined benefit plan design, funding, and compliance
• Knowledge of basic accounting principles and the ability to apply them to reconcile defined benefit plan assets and liabilities
• Experience with FTWilliam.com software (preferred)
• Willingness to pursue professional certifications such as the QPA, QKA, or CBS through ASPPA or Society of Actuary and Enrolled Actuary exams
• Ability to reconcile trust statements and actuarial reports to plan assets and contribution schedules
• Intermediate proficiency in Microsoft Excel, including use of formulas, pivot tables, and reconciliation templates
• Adaptable and eager to learn and grow in a collaborative and evolving work environment
• Self-starter with strong problem-solving skills and the ability to work independently
• Capable of managing priorities and meeting IRS and DOL regulatory deadlines, particularly during peak seasons
• Strong interpersonal, written, and verbal communication skills
• Excellent attention to detail, with a focus on accuracy in data and reporting
• Basic customer service skills, with the ability to explain complex issues to clients clearly and professionally.
Benefits:
• 401(k) match
• medical
• dental
• vision
• life insurance
• short and long term disability
• paid-time off