Compile and review trust financial statements in accordance with internal policies and procedures
Review employee census data to determine plan eligibility
Prepare valuation reports and participant statements
Perform compliance and nondiscrimination testing including ADP/ACP, 410(b) coverage, top heavy, 415 annual addition limits and cross testing
Prepare required governmental reporting forms (including but not limited to Forms 5500, 1099-R, 945, 5330)
Allocate employer contributions under cross tested, pro-rata and integrated formulas
Calculate and update vesting, ensuring compliance with plan design and regulatory standards
Calculate amount available for loans and process necessary paperwork
Prepare and process distribution packages for terminated, retired or deceased plan participants
Communicate directly with clients and their professional advisors regarding plan administration
Manage time and prioritize tasks to ensure work is done efficiently and adheres to deadlines

High school diploma or equivalent required
Associate degree preferred
Minimum of three months of general previous work and/or internship experience
Business Experience or Defined Contribution experience a plus but not required
Demonstrated aptitude for mathematical calculations and analytical tasks, with the ability to interpret data accurately and identify trends or discrepancies
Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively
Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms
Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry
Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions-focused approach
Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks
Proficiency with Microsoft 365 products and applications, including the ability to effectively prepare or review documents, procedures, and reports
Demonstrated ability to learn new systems and applications, as well as the ability to understand, adapt and adjust responsibilities/workflows as a result of system upgrades

Junior Defined Contribution Retirement Plan Administrator

Key skills