ESOP Plan Administration Specialist

CPS, Inc.; Illinois; On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

12 weeks paid maternity leave

Additional week of vacation in December

Job summary

A leading ESOP provider in Illinois is seeking a dedicated ESOP Plan Administration Specialist. This role involves overseeing ESOP operations and ensuring compliance, serving as the main contact for plan sponsors, and staying updated on regulatory changes. Ideal candidates will possess strong analytical skills and a deep understanding of ESOP administration. The position offers competitive compensation, with a salary range of $80k to $120k, plus bonus, and attractive benefits including paid maternity leave and vacation time.

Qualifications

• Strong understanding of ESOP administration and compliance.
• Excellent analytical skills with attention to detail.
• Experience in ESOP accounting and repurchase liability studies.

Responsibilities

• Oversee the administration of the ESOP and compliance reporting.
• Serve as the main point of contact for plan sponsors.
• Stay updated on regulatory changes and best practices.

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 409p 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

12 weeks paid maternity leave and an additional week of vacation in December.

Compensation

Salary $80k - $120k, plus bonus.