Defined Benefit Enrolled Actuary

PRIME PENSIONS INC • Sacramento, CA

2d • $100,000 - $130,000

About The Position

Prime Pensions, Inc. is a retirement plan administration and actuarial firm specializing in 401(k), profit sharing, defined benefit, cash balance, and other qualified retirement plans. This position is part of Associated Pension Consultants (APC), a Prime Pensions company. APC emphasizes a collaborative, client-focused approach and long-standing relationships with plan sponsors and financial advisors.

The DB Enrolled Actuary performs and reviews actuarial valuations, compliance testing, plan design, and regulatory filings for defined benefit and cash balance plans. The role partners with consultants to deliver accurate, timely, high-quality service to small-plan clients. The position supports traditional defined benefit formulas, cash balance plans, and DB/DC combination arrangements.

Requirements

• Bachelor's degree in actuarial science, math, or a math-related field.
• Minimum 5 years of experience in the pension industry.
• Enrolled Actuary designation; an individual currently studying for their final exam may be considered.
• Strong verbal and written communication, analytical, and critical-thinking skills.
• Demonstrated expertise with Microsoft and valuation applications.
• Proficiency reviewing, certifying, and completing annual funding valuations for owner-only clients and plans with fewer than 100 lives.
• Strong working knowledge of pension plan testing regulations, including the ability to review or perform annual 401(a)(26), 401(a)(4), 410(b), top-heavy, and 404 deductibility testing.
• Experience running complex plan-design proposals and cost studies targeting client objectives.
• Skill reviewing plan documents and amendments.
• Knowledge of requirements for PBGC-covered plans, including coverage determination, annual premium filings, and termination-process complexities.
• Experience completing or reviewing Schedule SB forms, AFTAPs, and Annual Funding Notices.
• Skill performing plan-termination calculations and assisting with wind-down strategy.
• Proficiency with IRC Section 415 requirements.
• Ability to integrate the listed technical expertise to support consultants and meet clients' needs.

Nice To Haves

• Experience with FT William valuation applications is preferred.

Responsibilities

• Complete, review, and certify annual funding valuations for defined benefit, cash balance, and DB/DC combination plans.
• Perform and review required compliance testing, including IRC Sections 401(a)(26), 401(a)(4), 410(b), top-heavy, and 404 deductibility testing.
• Prepare complex plan-design proposals and cost studies aligned with client objectives.
• Review plan documents and amendments for accuracy and regulatory compliance.
• Prepare and review Schedule SB filings, AFTAP certifications, and Annual Funding Notices.
• Determine PBGC coverage and support annual premium filings.
• Perform plan-termination calculations and assist with termination and wind-down strategies.
• Apply IRC Section 415 limits and other applicable pension regulations.
• Use valuation software and Microsoft applications to complete actuarial analyses and deliverables.
• Collaborate with consultants to resolve technical issues and meet client needs.
• Communicate actuarial findings clearly to consultants and other stakeholders.
• Maintain current knowledge of pension laws, regulations, and professional requirements.

Benefits

• Support to meet continuing education requirements and maintain Enrolled Actuary designation.
• Annual performance reviews and eligibility for compensation increases.
• Bonus opportunities, where applicable.
• Medical, dental, and vision insurance for eligible full-time employees.
• Health Savings Account (HSA), subject to eligibility.
• Life insurance.
• 401(k) retirement plan with employer contributions.
• Paid time off.
• Professional development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior