What are the responsibilities and job description for the Director of Defined Benefit Administration position at MP RPO?
JOB SUMMARY:
The Director of Defined Benefit Administration will prepare and review actuarial valuations and administration for Defined Benefit and Cash Balance plans. Additionally, the Director will provide consulting to Defined Benefit and Cash Balance plan sponsors. This position requires an Enrolled Actuary.
ESSENTIAL RESPONSIBILITIES:
- Prepare Plan Documents and amendments.
- Provide superior client service.
- Prepare necessary government filings pursuant to IRS/DOL guidelines and requirements, including but not limited to Forms 5500 and Schedule SB
- Prepare PBGC filings and notices.
- Track upcoming deadlines and follow up with clients for data.
- Prepare calculation of retirement distribution benefits.
- Maintain an assigned book of Defined Benefit and Cash Balance Plans.
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Prepare actuarial valuations and non-discrimination testing pursuant to ERISA guidelines and IRS procedures. o Perform contribution calculations to optimize tax savings.
- Perform non-discrimination testing, such as Participation Testing (401(a)(26)), Coverage Testing (410(b)), General Testing (401(a)4)), etc.
- Prepare earned income calculations, as necessary, for self-employed Plan Sponsors.
- Prepare asset reconciliations, including trust accounting, as necessary.
OUR IDEAL CANDIDATE HAS:
- Education: Bachelors Degree required
- Certifications: Enrolled Actuary (EA) required.
- Experience: 5 years of experience administering small Defined Benefit/Cash Balance plans.
- Skills/Knowledge: Strong computer literacy, including Excel, Word, and Adobe. Strong organizational and problem-solving skills, with the ability to track multiple tasks and issues, set goals and prioritize tasks in a fast-paced environment. Excellent verbal and written communication skills. Must be dependable and able to work both independently and with direction.
- Desired, but not required: Working knowledge of Salesforce, DATAIR, and FtWilliam. Industry-related credentials such as the SOA or ASPPA preferred.
ABOUT OUR CLIENT:
MP's client is a leading provider of retirement plans and fiduciary outsourcing solutions nationwide. As one of America's oldest independent fiduciaries, they deliver retirement plans that run with less risk, greater efficiencies and improved outcomes. With an 80-year legacy of fiduciary expertise and oversight unmatched in the industry today, they partner with firms at the advisor, sponsor and enterprise level to bring maximum flexibility to every opportunity, offering a comprehensive array of retirement plan solutions, plan consulting, TPA services and fiduciary support.
ADDITIONAL INFORMATION:
- Compensation Range: $135,000 - $155,000 per year
- Location: Fully remote position within the United States.
- Benefits: Medical, Dental, Vision, Retirement Plan and more!
- Reports to: Chief Actuary
Salary : $135,000 - $155,000
