Senior Retirement Plan Account Manager

McGregor & Associates, Inc.; Lexington (KY); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k) with match

Paid time off

Remote work possible

Job summary

McGregor & Associates, Inc. in Kentucky seeks a Retirement Plan Administration Associate to support compliance testing, plan design and governmental reporting for sponsor plans and financial advisors.

You will handle day-to-day administration, data accuracy, and deadlines with attention to detail and customer service. Under the Retirement Department Manager, you will coordinate with plan auditors and other specialists, prepare Form 5500 filings, nondiscrimination testing, and assist with

Qualifications

• Bachelors degree or equivalent experience preferred.

Responsibilities

• Provide timely, exceptional customer service and issue resolution.

Skills

Attention to detail

Time management

Effective communication

Multi-tasking

Problem solving

Analytical skills

Relationship builder

Excel

Word

Outlook

Education

Bachelor's Degree or equivalent experience preferred

3+ years ERISA experience in retirement industry preferred

Job description

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:

With direction from the Retirement Department Manager, this positionservesas a resource to retirement plan sponsors (employers) and financial advisorsfor compliance,nondiscrimination testing,plan design, and governmental reporting.This person is primarilyresponsiblefor theday-to-dayadministrationofdesignated retirement plansand willutilizea high degreeof attention to detail, technicalproficiency, and customer service toensurecompliance withRetirement plan laws, regulations, anddeadlines. This positionmayalso work closely withCompliance Manager,Plan Administration Associate,Plan Administration3(16) Specialists,andPlan Data Coordinators tosolve employer challenges through trusted relationships, employee benefitsexpertise, and quality personalized service.

Company Expectations of Employee:

• Adheres to Company Policy and Procedures;
• Acts as a role model within and outside the Company;
• Performs duties as workload necessitates;
• Maintains a positive and respectful attitude;
• Communicates regularly with Supervisor about client issues;
• Demonstrates flexible and efficient time management and ability to prioritize workload;
• Consistently reports to work on time prepared to perform duties of position;
• Meets Company productivity standards.
• Have orwillingto obtainin18 monthsrelevant industry credentialssuch as QKA, QPA, APA, ERPA, or CEBS.

Responsibilities and duties include:

• Providetimely, exceptional customer service, including problem solving and issue resolution;
• Provide effective verbal and written communications in a clear,conciseand informative manner;
• Complete /r review data entry of census information to ensure accuracy;
• Verifying deferral/match deposits against client provided census information;
• Complet e t rust a ccaccounting on th e applicable quarterly, semi-annual, annual basis;
• Calculat e/allocat e e mployer c ontributions when applicable (i.e. profit sharingand / or match);
• Checking data entry of contribution splits to ensure accuracy;
• Allocat e expenses /earnings//losses on pooledandsegregated accounts;
• Importing downloads from investment providers as needed on daily valuation clients;
• Completing a nnual c complianceand nondiscrimination testingincluding communication of results to the plan sponsor andfacilitating applicable correctionsbytheappropriate IRSdeadlines;
• Prepare accountallocation / valuation report;
• Ensuring participant vesting information is updated accurately each plan year;
• Prepar e, Deliver, and File applicable annualgovernment filings such asForm 5500, 8955-SSA, and 5330;
• Prepar eSummary Annual Report (SAR);
• Coordination of information with plan auditor (if applicable);
• Reviewand verifyaccuracy ofdistribution forms prepared byPlan AdministrationAssociate;
• Coordinate and review3(16) co-fiduciary services provided byPlan Administration 3(16) Specialist;
• Ensure participant notices are accurately produced and delivered asdesignatedin service agreements;
• Routineannualplan design consulting with client;
• Facilitateplan design changes requiring amendments toplandocumentwithCompliance Manager;
• Any otherassigned tasksgiven by aSupervisor.
  

Delivery/Timing:

• 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.

Companywide Goals:

• 100% Client Satisfaction;
• 100% Benefit Calculation Accuracy
• 100% Compliance with internal McGregor & Associates deadlines;
• 100% Compliance with all applicable IRS and DOL rules, regulations and deadlines.

Success of this position is measure through:

• Client and Participant satisfaction by maintaining timely, accurate, and friendly customer service;
• Compliance with required IRS / DOL deadlines;
• Accuracy of benefit calculations
• Timeliness of meeting deadlines

Qualifications:

• Education – Bachelors Degree or equivalent experience preferred.
• 3+ years ERISA experience in the retirement industry is preferred
• 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.

Employee Benefits:

• Employer funded health insurance benefits
• Group sponsored dental insurance
• Employer paid vision insurance for employee, spouse & dependents
• Employer paid life, short-term disability and long term disability insurance
• Employer funded Health Savings Account (HSA)
• Employer funded Health Reimbursement Arrangement (HRA)
• Flexible spending account benefits
• Up to 5 weeks vacation leave
• Paid sick leave
• Holiday pay
• 401(k) retirement plan benefits including matching employer contributions
• Performance bonuses
• Flex schedules
• Primarily works at main office location with potential to work some remotely (varies based on needs of company and position)
• Office hours are Monday-Thursday 8am-5pm and Friday 8am-3pm.