Retirement Plan Supervisor

Boulay•Eden Prairie, MN

5h•$87,000 - $130,000•Hybrid

About The Position

The Retirement Plan Administration Supervisor is responsible for assisting the department with retirement plan administration, testing, and compliance and may participate in special projects requested by clients. This includes managing multiple projects and client relationships simultaneously. Tasks are typically conducted with little to no supervision but under the review of department leadership. Delegation and supervisory responsibilities will occur with less experienced staff. This position may also involve working cross-departmentally with other Boulay Departments to effectively accomplish projects and tasks.

Requirements

Degree or related experience in retirement plan administration
4+ years of applicable experience
Experience with Employee Benefits specific software
Knowledge of ERISA and IRS regulations pertaining to retirement plans
Ability to understand and articulate plan document language
Ability to articulate complex benefit information to clients and internal personnel

Responsibilities

Review of census information imports and asset information in preparation of all annual testing
Prepare or review complex Forms 5500 and related schedules
Review more basic Forms 5500 and related schedules
Review and delegate trust accounting projects and other related tasks
Perform annual compliance testing (i.e. ADP/ACP discrimination testing, top heavy testing, and 402(g) and 415 testing)
Responsible for more complex plan administration duties
Possess technical familiarity with plan rules regarding distributions, loans, and hardships
Perform ERISA research relating to employee benefit plans and payroll issues
Prepare or review employer contribution calculations using various allocation methods (i.e. pro-rata, permitted disparity, and cross-tested formulas)
Respond to client questions or inquiries
Draft and develop client communications
Identify and communicate opportunities/issues with reviewer/Partner
Proactively coordinate, plan, and schedule work flow for effective engagement management
Initiate and manage client communication with staff and/or superiors
Collaborate cross-departmentally to gather information and resolve client matters
Share knowledge, train, and serve as a role model for less experienced staff
Assist less experienced staff with poise and professionalism, especially during peak work periods
Provide timely feedback to less experienced staff as needed
Assist management in motivating staff and building morale
Begin to develop knowledge of expertise with Firm personnel and service offerings
Enter time and scheduling activities in a timely manner
Keep calendars current for scheduling/planning purposes
Effectively and proactively communicate with superiors on status of tasks
Request assistance from reviewer after spending appropriate amount of time on any given problem or issue
Seek out new projects when workload is light and help out when others are overloaded
Demonstrate proficiency with software, time management, and communication, while maintaining professionalism and adhering to Firm standards and ethical guidelines.
Actively contribute to team success by taking on new projects, assisting in recruiting initiatives, assisting others and promoting the Firm’s values.
Continuously develop professionally through training, staying informed on the Firm's services, and providing exceptional customer service while meeting deadlines.
Demonstrate compliance with all Firm policies and procedures as defined in the Employee Handbook
Complete other duties, tasks, or special projects as assigned