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

Additional week of vacation inDecember

Job summary

CPS Inc. in Chicago, IL is seeking an ESOP Plan Administration Specialist who is dedicated and detail-oriented to ensure the smooth operation and compliance of ESOP plans.

You will oversee day-to-day ESOP administration, provide guidance to plan sponsors on plan features, investment options, and distribution strategies, and stay current with regulatory changes to maintain best practices. This role offers the opportunity to help employees achieve financial security through precise reporting and

Qualifications

• Strong understanding of ESOP administration.
• Excellent analytical skills.
• 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.

Skills

ESOP administration

Analytical skills

Regulatory compliance

Plan sponsor guidance

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.

Benefits

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

Salary

Salary $80k - $120k, plus bonus #LI-SA1