3(16) Account Manager (Overlay product)

Pentegra-Services,-Inc.; United States; Remote; USD 75,000 - 90,000; Full time

Job summary

Pentegra-Services,-Inc. in the United States is seeking an Account Manager specializing in 3(16) fiduciary services to support Enhanced 3(16), Comprehensive 3(16) and Institutional 3(16) client relationships remotely.

You will review plan documents, conduct compliance testing, sign Form 5500, and collaborate with auditors while delivering exceptional client service. Qualified candidates have 5+ years in retirement services, QKA designation, and strong communication and Excel skills.

Qualifications

• 5+ years of Defined Contribution retirement compliance and service experience.
• Minimum of 1 year in Account Manager or similar role in retirement administration.
• QKA designation required or willingness to attain.
• Excellent client relationship skills.
• Mastery of administrator functions and skills.
• Problem solving ability.
• Excellent communication and organizational skills.
• Ability to work in fast paced team environment.
• Knowledge of Excel and other Microsoft applications/software.
• Experience with FT Williams strongly desired.
• Ability and willingness to provide a high level of service to clients and partners.
• 3(16) Fiduciary Services knowledge a plus.
• If remote employee, must have previous experience working from home.

Responsibilities

• Provides timely, superior customer service and issue resolution to clients and advisors.
• Maintains client relationships with high client retention rate.
• Interprets plan documents and communicates improvements to clients and partners.
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans.
• Works with assigned Administrator to ensure deadlines are met timely.
• Works with client to ensure Plan corrections are properly executed.
• Support the training and development of new team members by providing guidance and sharing best practices.
• Participate in projects to support the team in meeting industry deadlines.
• Assigned Account Manager for key clients, including large and significant retirement plans.
• Review Form 5500 as prepared by Bundled Recordkeeper.
• Review compliance Testing as prepared by the Bundled Recordkeeper (ADP/ACP; 415; 402(g) 416, 410(b)).
• Review census data including any data integrity reports, if applicable.
• Review employer contribution calculations as prepared by Bundled Recordkeeper.
• Review participant QDROs prior to sending to Legal.
• Work with plan’s Form 5500 auditor to provide limited audit support for Enhanced 3(16) clients.
• Provides oversight and management of tasks performed by Bundled Recordkeeper for ~100 Comprehensive clients.

Skills

Customer service

Client relationship management

Communication skills

ERISA knowledge

Problem solving

Education

QKA designation

Tools

Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Professional Remote, US

Salary Range: $75,000.00 To $90,000.00 Annually

Base salaries are determined during our interview process, by assessing a candidate’s experience, skills against internal peers and against the scope and responsibilities of the position.

Location: Remote

Reports to: Director, 3(16) Overlay

Classification: Exempt __X____ Non- Exempt ______

Job Summary

Account Manager services Enhanced 3(16), Comprehensive 3(16) and Institutional 3(16) clients; maintains Bundled Recordkeeper/client/advisor relationships for approximately 100 Comprehensive clients and assists with Enhanced 3(16) clients; reviews compliance testing; contribution calculations; sign / file Form 5500 and works with auditors. The position requires high levels of confidentiality and the ability to work as part of a team, while independently managing accounts. Excellent communication skills and a full understanding of customer service is a must. Position is for experienced Account Managers.

Responsibilities

• Provides timely, superior customer service and issue resolution to clients and advisors
• Maintains client relationships with high client retention rate
• Interprets plan documents. Able to identify and effectively communicate improvements to clients and partners.
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
• Works with assigned Administrator to ensure deadlines are met timely
• Works with client to ensure Plan corrections are properly executedSupport the training and development of new team members by providing guidance, sharing best practices, and helping them develop the skills and knowledge needed to succeed in the role.
• Participate in projects throughout the year in order to support the team in meeting industry deadlines.
• Assigned Account Manager for key clients, including large and significant retirement plans.

Enhanced 3(16), Comprehensive 3(16) and Institutional 3(16) Responsibilities

• Review Form 5500 as prepared by Bundled Recordkeeper
• Review compliance Testing as prepared by the Bundled Recordkeeper (ADP/ACP; 415; 402(g) 416, 410(b))
• Review census data including any data integrity reports, if applicable
• Review employer contribution calculations as prepared by Bundled Recordkeeper
• Review participant QDROs prior to sending to Legal
• Work with plan’s Form 5500 auditor to provide limited audit support for Enhanced 3(16) clients.
• Provides oversight and management of the following tasks as performed byBundled Recordkeeper for an assigned client base of approximately 100 Comprehensive clients.
  • Review Plan Document
  • Review SPD and SMM for compliance with ERISA
  • Review recordkeeper’s preparation and delivery of required plan Notices (including the participant fee disclosure notice)
  • Review eligibility provisions and determinations
  • Review enrollment
  • Review vesting
  • Authorize and review the Bundled Recordkeeper’s preparation of SAR
  • Confirm forfeitures / Suspense Accounts were used in accordance with plan document
  • Confirm the Bundled Recordkeeper processed all involuntary distributions
  • Conduct Annual Plan Review (APR)
  • Works withBundled Recordkeeper to pull contribution report to track the timeliness of contributions
  • Works with plan’s Form 5500 auditor to provide audit support.

Requirements

• 5+ Years of Defined Contribution retirement compliance and service experience
• Minimum of 1 year in Account Manager or similar role in retirement administration.
• QKA designation required or willingness to attain.
• Excellent Client Relationship skills
• Mastery of administrator functions and skills
• Problem solving ability
• Excellent communication and organizational skills
• Ability to work in fast paced team environment
• Knowledge of Excel and other Microsoft applications/software
• Experience with FT Williams strongly desired
• Ability and willingness to provide a high level of service to clients and partners.
• 3(16) Fiduciary Services knowledge a plus
• If remote employee, must have previous experience working from home