Retirement Plan Administration Associate

McGregor and Associates•Lexington, KY

2d•Hybrid

About The Position

McGregor & Associates, Inc. has been providing administration and compliance services for employer sponsored benefit plans for 30 years. Our services span a range of benefits from Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, COBRA, Affordable Care Act, ERISA, and Retirement Plan Administration. At McGregor we solve employer challenges through trusted relationships, benefits expertise and quality personalized service. Since benefits is our focus, we're also committed to providing our employees a highly competitive benefits package! Job Purpose: Responsible for the daily administration of retirement plans with a focus on assisting participants with benefit inquiries. This position will work closely with the retirement plan account managers, retirement plan 3(16) Administrator and will report to the Retirement Plans Department Manager.

Requirements

Bachelors Degree or equivalent experience preferred
Experience with Retirement Plan Administration is a plus
Customer Service
Strong Word, Excel, and Outlook skills
Strong mathematical aptitude
Attention to detail
Strong time management skills
Ability to multi-task
Excellent problem solving and analytical skills
Relationship builder
Effective communication skills

Responsibilities

Routine correspondence (Customer Service) with retirement plan participants including emails, phone calls, etc.
Preparing and sending necessary distribution forms to participants/clients (terminations/hardships/loans) on a timely basis
Processing distributions upon receipt of completed forms on a timely basis
Maintaining an accurate database to track status of distribution requests
Preparing and processing Required Minimum Distributions (RMDs) by the applicable deadline date each year
Updating participant records such as vesting at recordkeepers
Requesting and collecting census data from clients on the applicable quarterly, semi-annual, annual basis
Following up with client on missing census information
Entering census data and verifying accuracy
Checking and verifying receipt of applicable Trust Statements on a monthly basis
Preparing and sending required Notices such as Safe Harbor Notices, QDIA, Auto-Enrollment, Supplemental PPA Statements and others by the applicable deadline date
Preparing and sending required 1099-Rs by applicable deadline date
Any other assigned tasks given by a Supervisor
Ensure the timeliness of meeting all deadlines required by the IRS, DOL, legislation and regulations
Ensure the timeliness of client communication and deliverables as specified in the handbook or as directed by supervisor