401(k) Plan Contributions Specialist

55 Insperity Retirement Services, L.P.; Houston (TX); On-site; USD 45,000 - 65,000; Full time

Job summary

Insperity in Houston seeks a payroll/recordkeeping specialist to execute 401(k) contribution transactions and support the plan recordkeeping system. You will coordinate funding with payroll, handle employer contributions, and serve as the primary contact for inquiries related to inbound transactions and investment share purchases.

The ideal candidate has 3–5 years in retirement plan administration or related fields, strong math aptitude, exceptional attention to detail, and experience with CRM

Qualifications

• High School Diploma or equivalent required.
• Bachelor’s Degree or commensurate work experience preferred.
• Three to five years of experience in retirement plan administration, benefits administration, payroll processing, human resource, financial services, or bookkeeping/accounting related role preferred.
• No licenses or certifications required.
• A willingness to pursue retirement plan certificates, certifications and designations expected for growth.
• Understanding of retirement plans, specifically 401(k) plans, other benefit plans, or payroll processes preferred.
• Attention to detail and ability to evaluate large data files is necessary.
• Solid math aptitude is necessary.
• Experience with a customer relationship management (CRM), human resource information management (HRIS), or similar database application helpful.
• Critical thinking, strategic planning, and organizational skills necessary.
• Flexibility, adaptability, and ability to multi-task necessary.

Responsibilities

• Processes daily payroll calculated contributions in the 401(k) recordkeeping system, including reconciliation and coordination of funding with other business units.
• Processes participant-initiated loan payoffs and rollovers, including review of any required supporting documentation and coordination with other business units and third-party service providers.
• Processes all employer contributions outside of payroll integration, including annual employer contributions, and corrective contributions.
• Serves as the primary contact for general client and participant level recordkeeping system inquiries related to inbound transactions and investment share purchases.
• Reviews loan amortization schedules, assures alignment between the recordkeeping and payroll systems, and executes appropriate adjusting entries in the applicable system(s).
• Responds to inquiries related to rollover contributions from issuing financial institutions.
• Updates payroll system with year-to-date contribution amounts from prior payroll providers/employers to aid in regulatory limit monitoring.
• Participates in enhancement and release testing on the payroll, recordkeeping, and CRM systems.
• Performs quality review of inbound transactions performed by other specialists.
• Assists in the resolution of participant and plan level issues escalated from internal departments.
• Prepares, updates, and distributes job aids, as necessary.
• Contributes to the completion of projects and department objectives as specified by the manager.

Skills

Attention to detail

Math aptitude

Communication skills

Education

High School Diploma

Bachelor's Degree or commensurate experience

Tools

CRM software

HRIS systems

Job description

Insperity in Houston seeks a payroll/recordkeeping specialist to execute 401(k) contribution transactions and support the plan recordkeeping system. You will coordinate funding with payroll, handle employer contributions, and serve as the primary contact for inquiries related to inbound transactions and investment share purchases.

The ideal candidate has 3–5 years in retirement plan administration or related fields, strong math aptitude, exceptional attention to detail, and experience with CRM