Defined Benefit Enrolled Actuary

Prime Pensions•Sacramento, CA

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. The position is part of Associated Pension Consultants (APC), a Prime Pensions company with a collaborative, client-focused approach. The DB Enrolled Actuary performs and reviews actuarial valuations, compliance testing, plan design, and regulatory filings for defined benefit and cash balance plans. Working with consultants, the role delivers accurate, timely, high-quality service to small-plan clients. The position supports traditional defined benefit formulas, cash balance plans, and defined benefit/defined contribution combination arrangements, and requires the ability to assist consultants with technical matters and client service.

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 applications and valuation applications.
Proficiency reviewing, certifying, or 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 in 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 necessary plan-termination calculations and assisting with wind-down strategy.
Proficiency with IRC Section 415 requirements.
Ability to integrate the above expertise to support consultants in providing high-quality service and meeting client needs.

Nice To Haves

Experience with FT William valuation applications.

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 for eligible full-time employees.
401(k) retirement plan with employer contributions.
Paid time off.
Professional development opportunities.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume