ESOP Plan Administration Specialist

CPS, Inc.; Chicago (IL); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

12 weeks paid maternity leave

Extra vacation week in December

Job summary

CPS, Inc. is seeking an ESOP Plan Administration Specialist to ensure ESOP plans run smoothly and remain compliant, while guiding plan sponsors and employees toward financial security.

You will oversee day-to-day ESOP administration, 409(p) reporting, accounting, repurchase liability studies, and plan design, acting as the main contact for sponsors on plan features, investments, and distributions.

Qualifications

• Strong understanding of ESOP administration.
• Excellent analytical skills.
• Commitment to employee financial security.

Responsibilities

• Oversee day-to-day ESOP administration, including 409(p) compliance reporting.
• ESOP accounting, repurchase liability studies, and plan design.
• Serve as the main point of contact for plan sponsors, providing guidance on plan features, investment options, and distribution strategies.
• Monitor and stay up-to-date on regulatory changes and best practices related to ESOP administration, implementing necessary updates to maintain compliance.

Skills

ESOP administration

Analytical skills

Regulatory compliance

Plan sponsor guidance

Tools

ESOP reporting tools

Job description

Job Summary:

Leading ESOP provider is hiring a dedicated and detail-oriented ESOP Plan Administration Specialist. In this role, you will be responsible for ensuring the smooth operation and compliance of ESOP plans while providing guidance and support to plan sponsors. The ideal candidate has a strong understanding of ESOP administration, excellent analytical skills, and a passion for helping employees achieve financial security and success.

Responsibilities:

• Oversee the day-to-day administration of the ESOP, including 409(p) compliance reporting.
• ESOP accounting, repurchase liability studies, and plan design.
• Serve as the main point of contact for plan sponsors, providing guidance on plan features, investment options, and distribution strategies.
• Monitor and stay up-to-date on regulatory changes and best practices related to ESOP administration, implementing necessary updates to maintain compliance.

Strong Benefits which include 12 weeks paid maternity leave and additional week of vacation in December.

Salary $80k - $120k, plus bonus