What are the responsibilities and job description for the Enrolled Actuary position at W3Global Inc.?
Summary of Enrolled Actuary Tasks
Annual Administration
Process/Review defined benefit or cash balance actuarial valuations
o Data & Asset Reconciliation
o Funding valuations - Minimum Required Contribution, Maximum Tax Deductible Contribution
o Non-discrimination testing (combined plan testing) - 410(b), 401(a)(26), 401(a)(4)
o Review combined plan deduction limits if applicable
o Top Heavy determinations
o Process necessary reports (valuation, testing, etc.)
o Certify valuation and AFTAP (if applicable)
Process/Review defined contribution valuations
o Data & Asset Reconciliation
o Valuation
o Non-discrimination testing - 410(b), 401(a)(4)
o Top Heavy determinations
o ADP/ACP testing
Plan Distributions
o Complete/review defined benefit or cash balance participant distributions
o Review applicable IRC 436 restrictions
o Review distribution election forms
Plan Filings/Participant Notices
Complete/Review the following
o Form 5500/SF/EZ, Schedule SB, AFTAP certification
o PBGC - annual premium filing, reportable event Form 10
o AFTAP restriction participant notices
o Suspension of Benefit Notices
o ERISA 204(h) Plan Terminations
Review applicable plan amendments for plan termination process
PBGC Standard Termination
o Complete/review Form 500, Form REP-S, Form EA-S, Form 501, Form MP-100 and schedules
o Review Notice of Intent to Terminate, Notice of Plan Benefits
o Review ERISA 204(h) notice if applicable
o Complete Review distribution election forms
Non-PBGC Termination
o Review ERISA 204(h) notice if applicable
o Complete/review participant distributions and election forms
