Plan Termination Consultant

Role Overview

• Prepare necessary government forms required for a plan termination.
• Compliance testing, analysis and corrective actions.
• Preparation of annual valuation and Form 5500 filing.
• Perform projected and year end non-discrimination testing.
• Calculation and allocation of annual employer contributions (including New Comparability).
• Identify and resolve plan discrepancies.
• Census review, eligibility calculations, trust accounting and asset reconciliation.
• Ensure compliance with DOL and IRS requirements.
• Process final distribution of assets to participants.
• Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assets.
• Effectively communicates with clients, brokers, and staff in answering questions and problem solving.
• Monitors and follows up on pending plan termination requests.
• Track progress of all plan terminations to ensure deadlines are met.
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus.

Requirements

• 2-3 years of experience working with ERISA qualified plans.
• Finance and accounting experience is an additional asset for this position.
• High school diploma or equivalent required; two or four year degree preferred.
• Coursework in pension plan administration or work towards certification a plus.

Benefits

• Excellent customer service skills.
• Strong attention to detail and ability to communicate effectively both in writing and verbally.
• Effective analytical and problem-solving skills.
• Great organization skills with the ability to prioritize effectively & efficiently.
• Excellent at documentation and follow through.
• Ability to make sound decisions.
• Results oriented.
• Strong knowledge of MS Office including Excel, Word and Outlook.
• Experience with ASC is preferred.