3(16) Account Manager

Base salaries are determined during our interview process, by assessing a candidate’s experience, skills against internal peers and against the scope and responsibilities of the position.

Job Summary: Maintain client/advisor relationship; perform compliance testing; contribution calculations; Form 5500 preparation and working with auditors.

Responsibilities:

• Provide high level of service to clients and advisors
• Ensures all clients are receiving feedback and resolution to their inquiries on a daily basis
• Interpret plan documents
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
• Analyzes census to determine eligibility
• Calculate employer contributions based on the plan’s provisions and confirms with client amount of annual funding
• Preparation of annual non-discrimination tests (ADP/ACP; 415; 402(g), 416, 410(b) and ability to discuss testing results with client
• Prepare Government Forms: 5500 and Related Schedules, 5558, 5330, 8955 and works with plan’s auditor and ability to discuss Forms with the client.
• Reconciliation of trust assets
• Review and approve participant requested loans and distribution requests
• Identifies and completed RMD distributions
• Advises clients on new plan design options and completes plan studies when needed
• Oversee assigned Administrator to ensure deadlines are met timely
• Attends client and advisor calls/meetings upon request with approval from assigned Manager.
• Annual year-end clean-up to include follow-up on forfeiture re-allocations, source transfers determined during the compliance review
• Work with clients to terminate their plan

• 3(16) Responsibilities
  • Works with 3(16) Project Manager to ensure eligibility is determined correctly for each entry date
  • Works with assigned Manager to create and deliver APRs annually
  • Point of contact for client questions on his case load
  • Amendment Requests – Update Platform and 3(16) Tracking and Signature Follow-up with Clients
  • Enrollment Kit Plan Specs changes during amendment process
  • Amendment Mailing PensionPro Initiation
  • Creates Amendment Project in PensionPro
  • AdHOC Billing Entries for Special 3(16) requests
  • Amendments – Update Relius Specs
  • Audit point of contact and handles all audit requests

Requirements:

• 5+ Years retirement plan compliance experience
• Ability to maintain caseload of 55-65 defined contribution plans, including 401(k) and 403(b)
• Excellent Client Relationship skills
• Excellent communication and organizational skills
• Problem solving ability
• Ability to work in fast paced team environment
• Working knowledge of Microsoft office (excel, word, outlook)
• Working knowledge of Sungard Relius compliance software & FT Williams Government forms a plus
• ASPPA designations a plus or be willing to obtain designations
• Ability to ensure timely and accurate completion of all assigned client’s compliance testing, valuation reporting and tax filings.
• 3(16) Fiduciary Services knowledge a plus
• If remote employee, must have previous experience working from home