Retirement Plan Consultant, FuturePlan

Ascensus; United States; Remote; USD 80,000 - 120,000; Full time

Job summary

Ascensus, a leading retirement plan services provider, seeks a Retirement Plan Consultant to support ERISA compliance, plan design, and governmental reporting for sponsors and financial advisors. You will serve as a single contact for accounts, meeting clients in person or by phone and advising on IRS/DoL obligations.

You will mentor coordinators, manage plan modifications, and ensure timely completion of annual testing and reporting, while staying current with ERISA changes and coordinating

Qualifications

• Bachelor's degree preferred.
• 3-5+ years ERISA experience in retirement industry.
• Experience in analysis of financial data required.
• Experience in Relius software desirable, but not required.
• Strong Word, Excel, and Outlook skills.
• Strong written and oral communication skills.
• Detail oriented with the ability to prioritize and manage tasks.

Responsibilities

• Provide timely, exceptional customer service with problem solving and issue resolution.
• Communicate clearly in verbal and written form.
• Mentor Retirement Plan Coordinators to meet business objectives and client obligations.
• Assist clients with plan design and document needs and educate on IRS/DoL obligations.
• Help clients meet IRS and DoL deadlines for qualified retirement plans.
• Assist with service and IRS plan terminations as needed.
• Stay up to date on ERISA regulations through study and trainings.
• Coordinate payroll processing as required by assigned products.
• Work on valuation reports, participant statements and annual testing.
• Oversee annual testing for plans (ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), etc.).
• Collaborate with coordinators to ensure accurate valuation reports and reporting.
• Review distribution and loan paperwork and coordinate processing with asset holders.
• Prepare Form 5500 and coordinate timely filing with plan sponsors.
• Assist auditors during audits of plans.

Skills

ERISA experience

Financial data analysis

Strong communication

Detail oriented

Excel

Outlook

Education

Bachelor's degree

Tools

Relius

Job description

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in‑house ERISA teams. Learn more at FuturePlan.com.

Section 1: Position Summary

Serve as a resource to plan sponsors and financial advisors for matters related to ERISA compliance, plan design and governmental reporting. This person is the single point of contact for employer, financial profession and plan sponsor for their accounts. A Retirement Plan Consultant is able to handle client meetings both in person and via phone. This position serves as the retirement Plan expert on testing, 5500, loans and distributions. Additionally, this individual can easily grasp plan design with the ability to assist in plan operation and document updates.

Section 2: Job Functions, Essential Duties and Responsibilities

• Provide timely, exceptional customer service, including problem solving and issue resolution with minimal inconvenience to clients
• Provide effective verbal and written communications in a clear, concise and informative manner
• Act as a mentor to Retirement Plan Coordinators, collaborating to meet or exceed defined business objectives, firm goals and client obligations, as applicable
• Assist clients with all initial and ongoing plan design and document needs, including promoting awareness and educating all clients in regards to their obligations with the IRS and DoL regulations.
• Assist clients in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plan
• Assist clients with Service and IRS Plan terminations
• Maintain up-to date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self-study and company-sponsored training sessions
• Complete/Assist with payroll processing as required by the products assigned
• Accountable for all aspects of valuation reports, participant statements and annual testing
• Review or perform, as needed, the annual testing for plans, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4),deductibility, and 402(g)
• Work with assigned coordinator(s) to provide compliant and accurate valuation reports, participant statements, trust accounting, annual testing and reporting as applicable
• Review distribution paperwork and coordinate processing of distributions with asset holder
• Review loan paperwork and coordinate processing of loans with asset holder
• Review or prepares Form 5500 and coordinate with plan sponsor to help ensure timely filing
• Assist auditors if a plan is subject to an audit
• Assist IRS and DOL auditors, if the plan is subject to an IRS or DOL audit
• Coordinate with all applicable parties, both internal and external, to ensure accurate conversion process for new clients (including but not limited to actuaries, financial advisors, attorneys)
• As applicable, work with assistant to coordinate and oversee activities that will ensure timely and accurate completion of book of business
• Assist with other tasks and projects as assigned

• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
• Assist with other tasks and projects as assigned

Supervision

• N/A

Section 3: Experience, Skills, Knowledge Requirements

• Bachelors degree preferred
• 3-5 or more years ERISA experience in the retirement industry
• Experience in analysis of financial data required
• Experience in Relius software desirable, but not required
• Strong Word, Excel, and Outlook skills
• Strong written and oral communication skills
• Strong analytic mentality associated with problem solving skills
• Detail oriented with the ability to prioritize and manage tasks to partner with business operations, including related ERISA compliance matters
• Ability to effectively plan and assign work to and oversee plan associates that are qualified to assist with plan modifications

We are proud to be an Equal Opportunity Employer