What are the responsibilities and job description for the Stock Administrator position at Arete?
We’re looking for a Stock, ESOP, and 401K Administrator to join our team and help us keep our ESOP growing and flourishing. At Arete, we provide the stability of a long-standing, employee-owned company with the progressive nature of a growing, improvement-minded future. As an Stock, ESOP, and 401K Administrator at Arete, you are responsible for all activities associated with the administration of the company’s Employee Stock Ownership Plan (ESOP), the 401(k) Plan, and any other applicable retirement benefits.
Keys to Success…
What You’ll Do…
Stock, ESOP and 401K
Keys to Success…
- Detail-Oriented: in task management and reporting
- Integrity: in business and relationships
- Problem Solver: engage people in finding the solution
- Strong Communicator: able to communicate effectively with cross-functional teams, operations and all levels of leadership
- Current with all retirement benefit program updates
- Effective written and verbal communication skills
- Ability to handle ambiguous situations and to create solutions and recommendation
What You’ll Do…
Stock, ESOP and 401K
- Promote the ESOP throughout the company by educating our employees on its benefits
- Liaises with the third-party administrator (TPA) for the retirement benefits programs
- Ensure compliance with the rules of the plans and that all plan timelines are met
- Works with the TPA on coordination of administrative duties including census preparation and verification, verification of Statement of Accounts allocation, verification of participant statements, distributions, and diversifications.
- Ensures completion of all required plan testing, 5500 questionnaire completion and coordinates the 5500 audit and any action items that result from audit
- Assisting in preparing and delivering retirement plan education materials, making use of a variety of delivery systems.
- Attends appropriate industry conferences and promotes the ESOP both internally and externally
- Assist in managing the Insurance plans for the company
- Works with Accounting & Finance teams in the administration Stock options or any future synthetic equity plans
- Identifies and trains individual to serve as back-up for retirement benefit programs.
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