Plan Termination Consultant, FuturePlan

Ascensus

22h•Onsite

About The Position

FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. The Plan Termination Consultant is a position on the Plan Terminations Team responsible for all aspects of processing DC Plan Terminations. The Plan Termination Consultant is responsible for managing all aspects of plan administration for an assigned caseload of clients.

Requirements

Excellent customer service skills.
Strong attention to detail and ability to communicate effectively both in writing and verbally.
Effective analytical and problem-solving skills.
Great organization skills with the ability to prioritize effectively & efficiently.
Excellent at documentation and follow through.
Ability to make sound decisions
Results oriented
Strong knowledge of MS Office including Excel, Word and Outlook.
2-3 years of experience working with ERISA qualified plans.
High school diploma or equivalent required

Nice To Haves

Experience with ASC is preferred.
Finance and accounting experience is an additional asset for this position
Two or four year degree preferred.
Coursework in pension plan administration or work towards certification a plus.

Responsibilities

Prepare necessary government forms required for a plan termination
Compliance testing, analysis and corrective actions
Preparation of annual valuation and Form 5500 filing
Perform projected and year end non-discrimination testing
Calculation and allocation of annual employer contributions (including New Comparability)
Identify and resolve plan discrepancies
Census review, eligibility calculations, trust accounting and asset reconciliation
Ensure compliance with DOL and IRS requirements
Process final distribution of assets to participants.
Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assets
Effectively communicates with clients, brokers, and staff in answering questions and problem solving.
Monitors and follows up on pending plan termination requests.
Track progress of all plan terminations to ensure deadlines are met.
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
Assist with other tasks and projects as assigned