Compliance Administrator II

Prime Pensions•Chico, CA

2d•Hybrid

About The Position

Prime Pensions, Inc. is a well-established actuarial and record-keeping firm specializing in 401(k), profit sharing, and defined benefit plans for employers of all sizes across the United States. Since 1975, the company has been recognized for its innovative plan designs and customized approach that accommodates various investments and plan types. With a strong commitment to accuracy and attention to detail, Prime Pensions ensures high-quality and personalized services through comprehensive oversight of all work. The company has been named one of the top defined contribution plan administrators and one of the Best Places to Work in New Jersey by NJBIZ. This position is primarily responsible for the preparation of intermediate retirement plan compliance, retirement plan design assistance, and related annual administration. This includes the preparation of intermediate plan calculations and annual report summaries for various plan types and sizes, calculating annual plan contributions, analyzing plan documents, determining participant eligibility and highly compensated employee status, performing plan coverage and top heavy testing, checking participant vesting, and performing advanced 401(k) ADP/ACP non-discrimination and cross-testing. The role also involves summarizing advanced participant accounts, adjusting them for gains and losses, researching administrative questions, and tracking completed work. Auxiliary duties include coordinating compliance workflow, participating in process improvement discussions, assisting with training and research, working on projects, and mentoring new employees.

Requirements

Three to six years of industry compliance experience.
Bachelors Degree (preferably in Business Administration) or equivalent experience.
Excellent math and analytical skills (supported by experience and/or related coursework).
Ability to read, write and speak in English.
Ability to concentrate; highly organized and detail oriented individual.
Highly skilled in plan administration, while requiring little supervision.
Strong problem solving skills.
Strong interpersonal skills.
Proficiency in MS applications, particularly Excel and Word programs.
Ability to work quickly and accurately under deadlines.
Ability to interpret complex technical literature.
Ability to research and propose accurate and detailed solutions to administrative questions.
Ability to meet internal turnarounds and productivity requirements.
Detailed preparation of compliance work while maintaining 95% accuracy.
Ability to interpret information and utilize resources to complete work assignments.

Responsibilities

Preparation of intermediate plan calculations and annual report summaries for 401(k), Profit Sharing or Money Purchase plans (single or dual plans, all size plans, with new comparability, age weighted allocations or Safe Harbor, and multiple loans).
Calculate annual plan contributions, preliminary calculations, projection calculations and mid-year valuations.
Analyze plan document to determine correct administrative components.
Determine participant eligibility.
Determine highly compensated employee status.
Perform plan coverage testing.
Perform plan top heavy testing.
Check participant vesting.
Perform advanced 401(k) ADP/ACP non-discrimination testing.
Recommend failed ADP/ACP correction methods.
Perform advanced plan cross testing.
Summarize advanced participant accounts.
Adjust participant accounts for gains and losses based on asset performance.
Research solutions to administrative questions.
Track all completed work in WIP, Time tracker and APC Gold programs.
Maintain satisfactory attendance.
Coordinate compliance work flow as assigned.
Participate in group or individual discussions regarding department process or policy improvements.
Assist with training or research.
Work on projects as assigned.
Mentor new employees with training, assistance or research.
Other duties may be assigned.