ft william 401(k) Plan Administrator

CPS, Inc.; Cleveland (OH); Remote; USD 70,000 - 85,000; Full time

Job summary

CPS, Inc. seeks an experienced Retirement Plan Industry Recruiter to manage 401(k) plans for a diverse clientele. This remote role involves overseeing compliance, conducting tests, and preparing reports while collaborating with clients to enhance plan administration. Candidates should have at least five years of relevant experience and strong knowledge of compliance regulations.

Benefits

Medical insurance

401(k)

Qualifications

• 5+ years of experience in a TPA firm handling full 401(k) plan administration.
• Proficiency with ftwilliam software essential.
• Strong understanding of compliance and regulatory requirements.

Responsibilities

• Oversee full administration for 401(k) plans, ensuring accuracy and compliance.
• Conduct compliance testing and prepare annual reports like Form 5500.
• Engage daily with clients to assist with compliance questions.

Skills

Compliance understanding

Analytical skills

Communication skills

Education

QKA or other ASPPA designation

Tools

ftwilliam software

Job description

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Retirement Plan Industry Recruiter, 508.242.5692 voice/text, [e-mail], at CPS, Inc.

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About the Company

This position is 100% remote. The location was added to increase visibility on job boards. We are recruiting for an established TPA. We invite you to apply if you are interested in this opportunity. We also invite you to apply if you are interested in other Retirement Industry opportunities that CPS, Inc. is recruiting for. CPS, Inc. recruits for full time permanent (not contract) Retirement industry positions. Thank you for your interest. We hope to hear from you.

About the Role

Are you an experienced retirement plan administrator looking for a dynamic remote opportunity? Join this Third-Party Administrator (TPA) firm and take the lead in managing custom-designed 401(k) plans for a diverse client base.

Responsibilities

• Oversee full administration for both large and small 401(k) plans, ensuring accuracy and compliance
• Conduct compliance testing, including nondiscrimination testing, ADP/ACP tests, top-heavy testing, and coverage testing
• Prepare and file annual reports, including Form 5500, 8955-SSA, and other regulatory filings
• Monitor plan operations to ensure adherence to IRS, DOL, and ERISA guidelines
• Process contributions, distributions, loans, and rollovers, ensuring proper tax treatment and compliance
• Maintain and update plan documents in accordance with regulatory requirements and amendments
• Perform plan audits and reconcile financial records to identify and resolve compliance issues
• Ensure timely Required Minimum Distributions (RMDs) for eligible participants
• Provide guidance on corrective actions, including plan amendments, refunds, and reallocation of contributions
• Stay current with legislative and regulatory changes, ensuring clients remain compliant with evolving rules
• Engage in daily client communication, assisting with compliance questions and regulatory concerns
• Collaborate with plan sponsors, financial advisors, and payroll providers to optimize plan administration
• Utilize ftwilliam software to manage plan compliance and reporting efficiently

Qualifications

• 5+ years of experience in a TPA firm handling full 401(k) plan administration
• Strong understanding of compliance, reporting, and regulatory requirements
• Proficiency with ftwilliam software
• Excellent analytical and communication skills
• QKA or other ASPPA designation is a plus

Pay range and compensation package

Salary range: $70,000 - $85,000. This is a fully remote position, providing the flexibility to work from anywhere while making a meaningful impact on retirement plans. If you're ready to bring your expertise to a collaborative team, we'd love to hear from you!

To apply, please send your resume to [e-mail]

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Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

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Inferred from the description for this job

Medical insurance

401(k)

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