What are the responsibilities and job description for the Senior Retirement Plan Consultant position at Ascensus?
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 position requires expert knowledge of plan design, testing, 5500’s, loans and distributions. Use experience and knowledge to serve as a resource to internal associates.
Section 2: Job Functions, Essential Duties and Responsibilities
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
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 position requires expert knowledge of plan design, testing, 5500’s, loans and distributions. Use experience and knowledge to serve as a resource to internal associates.
Section 2: Job Functions, Essential Duties and Responsibilities
- Heads project teams and or provides training for Consultants or Assistants
- Serves as technical resource for Consultants and Assistants
- Provide superior customer service, including problem solving with minimal inconvenience to clients
- Provides effective and timely verbal and written communications in a clear, concise and informative written manner
- Assists the client with all initial and ongoing plan design and document support
- Assists the clients in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plan
- Maintains up-to date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self-study and company-sponsored training sessions
- Responsible for all aspects of valuation reports, participant statements and annual testing
- Reviews or performs, as needed, the annual testing for plans and communicate results with clients
- Reviews distribution paperwork and coordinates processing of distributions with asset holder
- Reviews loan paperwork and coordinates processing of loans with asset holder
- Reviews Form 5500 and coordinates with plan sponsor to help ensure timely filing
- Assists auditors if a plan is subject to an audit
- Assists 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
- As applicable, work with assistant to coordinate and oversee activities that will ensure timely and accurate completion of book of business
- 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
- Bachelor’s degree preferred
- 5 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 analytical and problem solving skills
- Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
- Ability to effectively plan and assign work and supervise support staff
- 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.
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
