401(k)/Cash Balance Combo Retirement Plan Administrator

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.
Section 1: Position Summary

Timely and accurate completion of contribution calculations and annual nondiscrimination testing for small to medium combo 401(k)/Cash Balance plans. Be a technical resource for consultants and other team members.

Section 2: Job Functions, Essential Duties and Responsibilities

- Review employee census data and prepare questions for the client as needed

- Perform nondiscrimination testing including ADP/ACP, 410(b), 401(a)(4), and 401(a)(26) for small to medium size 401(k)/cash balance combo plans of intermediate complexity

- Calculate options for failed tests with minimal assistance

- Complete DC balance forward valuations and related journals and participant statements

- Calculate cash balance contributions and earnings, and prepare journals and participant statements

- Perform self-employment income calculations

- Perform year-end estimates and plan design studies and projections

- Perform and review trust accounting and Forms 5500-SF

- Perform technical research and assist consultants with compliance and plan design issues

- Identify consulting opportunities and propose recommendations to add value

- Recommend and support improvements to testing procedures and programs, including testing of new systems and writing procedures

- Actively participate in team meetings and collaborative discussions

- Provide backup support and additional tasks as assigned

- Independently manage assigned workload and update workflow system daily

- Complete projects accurately, efficiently, and timely

- 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.

- At Ascensus we are guided by our Core Values of People Matter, Quality First and Integrity Always®. They inspire us every day to prioritize an environment of respect for those we serve and one another and should be visible in your actions on a day-to-day.

Supervision
- N/A

Section 3: Experience, Skills, Knowledge Requirements

- Minimum of 3 years of experience administering 401(k)/Profit Sharing/Cash Balance plans

- Intermediate to advanced experience performing DC nondiscrimination testing including carve-outs, new comparability, gateway, and top-heavy

- Hands-on cash balance experience (calculating hypothetical contributions, performing 401(a)(26) and combo DC/CB nondiscrimination testing).

- Intermediate to advanced understanding of retirement plan regulations

- Strong verbal and written communication skills, with the ability to clearly explain technical concepts

- Attention to detail and accuracy

- Strong analytical and problem-solving abilities

- Intermediate proficiency in Excel

- Basic accounting skills

- Ability to work independently as well as collaborate with others

- Self-starter with strong organization, time management, and project management skills

- Ability to manage multiple priorities and adjust to changing business needs

- Reliable and accountable with a proven ability to follow through on commitments and responsibilities

- Commitment to professional development and retirement industry education. ASPPA CPC or QPA designation preferred

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