What are the responsibilities and job description for the Senior 401k Plan Consultant - Remote position at CPS, Inc.?
Our commitment to excellence and client satisfaction has made us a trusted partner in the industry. We are looking for an experienced and dedicated Senior 401(k) Plan Consultant to join our team and contribute to the success of our clients' retirement plans.
Job Description: As a Senior 401(k) Plan Consultant, you will be responsible for managing the day-to-day administration of 401(k) plans for a diverse client base. You will ensure compliance with regulatory requirements, provide exceptional client service, and contribute to the overall efficiency and effectiveness of our retirement plan administration services. Your extensive experience and in-depth knowledge of 401(k) plan regulations and administration will be crucial in delivering high-quality services to our clients.
Key Responsibilities:
Job Description: As a Senior 401(k) Plan Consultant, you will be responsible for managing the day-to-day administration of 401(k) plans for a diverse client base. You will ensure compliance with regulatory requirements, provide exceptional client service, and contribute to the overall efficiency and effectiveness of our retirement plan administration services. Your extensive experience and in-depth knowledge of 401(k) plan regulations and administration will be crucial in delivering high-quality services to our clients.
Key Responsibilities:
- Administer all aspects of 401(k) plans, including plan setup, maintenance, and termination.
- Ensure compliance with ERISA, IRS, and DOL regulations.
- Conduct annual nondiscrimination testing and prepare Form 5500 and other required filings.
- Process contributions, distributions, loans, and plan corrections.
- Prepare and review plan documents, amendments, and Summary Plan Descriptions (SPDs).
- Provide expert guidance to clients on plan design, compliance, and best practices.
- Conduct regular plan reviews and audits to ensure accuracy and regulatory adherence.
- Respond to client inquiries and resolve complex plan-related issues.
- Collaborate with clients, financial advisors, and other stakeholders to deliver seamless service.
- Stay up-to-date with industry trends and regulatory changes.
- Mentor and train junior plan administrators and support staff.
- Bachelor's degree in Business, Finance, or a related field.
- 5 years of experience in 401(k) plan administration or a similar role.
- Comprehensive knowledge of ERISA, IRS, and DOL regulations.
- Experience with nondiscrimination testing, Form 5500 preparation, and plan corrections.
- Strong analytical and problem-solving skills.
- Excellent communication and client service skills.
- Ability to manage multiple tasks and prioritize effectively.
- Proficiency in retirement plan administration software and Microsoft Office Suite.
- Professional certifications such as QKA, QPA, or CPC are preferred.
- Salary range: $90,000 - $110,000 per year, commensurate with experience and qualifications.
- Comprehensive benefits package including health, dental, and vision insurance.
- 401(k) plan with company match.
- Paid time off and holidays.
- Professional development opportunities.
- Collaborative and supportive work environment.
Salary : $90,000 - $110,000
