What are the responsibilities and job description for the Retirement Plan Administration Specialist | Entry Level (27467) position at Dahl Consulting?
Our client, a premier third-party administration firm specializing in retirement plan consulting, design, and administration services for businesses and their financial advisors, is seeking an entry level Retirement Plan Administration Specialist to be the first point of contact for transactional-based services their clients.
Job Title : Retirement Plan Administration Specialist
Location : Maple Grove, MN | onsite
6 month contract to hire
Pay : $20 per hour | $45,000 salary once converted
Top Asks :
Excellent customer service
Ability to complete workload in a timely manner
Maintain a sense of urgency
Commitment to professional development and learning are critical skills for this position.
Responsibilities : Customer Service
Respond to questions from clients and referral sources in a timely manner
Be an advocate for TSC in all interactions
Transaction Administration
Accurately interpret plan documents to determine eligibility for participant transactions (loans, distributions, etc.)
Intake, review, process, and complete transactions in a timely manner
Enter distribution information on required tracking lists and software (e.g. 1099-R, internal checklists, etc.)
Calculate, prepare paperwork for, and process Required Minimum Distributions
Plan Administration
Coordinate with other service providers (e.g. financial advisor, investment company, CPA, payroll, actuary, etc.)
Continually develop and increase knowledge of retirement plan rules and regulations (attend webcasts, department meetings, pursue credentials, continuing education, etc.)
Review team member’s distributions for accuracy
Send required notices and distribution packages
Process mandatory distributions
Set up automatic rollovers for eligible participants
Assist with requests from other employees
Development
Identify opportunities for improvements to our company
Participate in working groups to enhance work product and internal processes
Maintain tools and resources (e.g. company intranet, databases, etc.)
Contribute to changes that positively impact the organization
Perform other tasks and projects assigned
What you need to be a Retirement Plan Administration Specialist :
Excellent customer service
Ability to comprehend and explain complex information to others
Aptitude in accounting and math
Must be able to quickly address, research, and solve problems
Capability of meeting deadlines and manage dynamic workloads
Enthusiasm for learning and professional development
Excellent organizational skills
Benefits :
Wide medical network including Mayo - Dental insurance - Flex Spending Account (FSA)
Health Savings Account (HSA) - Life Insurance
Long Term Disability
Short Term Disability - 401k plan including employer matching
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