Account Manager

Job Summary: Performs compliance testing; contribution calculations; Form 5500 reporting; Manages Client Relationship

Responsibilities:

• Main point of client and advisor contact providing a 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 (IDP & Pentegra Prototype)
• 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.
• Works with plan’s Form 5500 auditor
• Posts year-end client deliverables to Pension Pro
• Reconciliation of trust assets
• Review and approve participant requested loans and distribution requests
• Identifies and completes RMD distributions
• Advises clients on new plan design options and completes plan studies when needed
• Works with assigned Administrator to ensure deadlines are met timely
• Responsible for entering amendment requests in Pension Pro; updating Relius specs, platform specs, obtaining signatures and follow-ups with clients.
• Requesting record-keeper enrollment forms and updating plan specs during amendment process.
• 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

Requirements:

Certain Requirements can be waived with related experience.

• 3-5 Years of Defined Contribution retirement compliance and service experience
• Ability to maintain caseload of 70-90 defined contribution plans, including 401(k) and 403(b)
• Experience with Multiple Employer Plans (MEPs) preferred
• 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