Senior Retirement Plan Account Manager

Job Description

Job Description

Salary:

McGregor & Associates, Inc. has been providing administration and compliance services for employer sponsored benefit plans for 30 years. Our services span a range of benefits from Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, COBRA, Affordable Care Act, ERISA, and Retirement Plan Administration. At McGregor we solve employer challenges through trusted relationships, benefits expertise and quality personalized service. Since benefits is our focus, we're also committed to providing our employees a highly competitive benefits package!

Job Purpose:

With direction from the Retirement Department Manager, this position serves as a resource to retirement plan sponsors (employers) and financial advisors for compliance, nondiscrimination testing, plan design, and governmental reporting.This position is primarily responsible for the day-to-day administration of designated retirement plans and will utilize a high degree of attention to detail, technical proficiency, and customer service to ensure compliance with retirement plan laws, regulations, and deadlines. This position may also work closely with the Compliance Manager, Plan Administration Associate, Plan Administration 3(16) Specialists, and Plan Data Coordinators.

Company Expectations of Employee:

• Adheres to Company Policy and Procedures;
• Acts as a role model within and outside the Company;
• Performs duties as workload necessitates;
• Maintains a positive and respectful attitude;
• Communicates regularly with Supervisor about client issues;
• Demonstrates flexible and efficient time management and ability to prioritize workload;
• Consistently reports to work on time prepared to perform duties of position;
• Meets Company productivity standards.
• Have orwillingto obtainin18 monthsrelevant industry credentialssuch as QKA, QPA, APA, ERPA, or CEBS.

Responsibilities and duties include:

• Providetimely, exceptional customer service, including problem solving and issue resolution;

• Provide effective verbal and written communications in a clear,conciseand informative manner;

• Complete /review data entry of census information to ensure accuracy;

• Verifying deferral/match deposits against client provided census information;

• Completetrustaccounting on the applicable quarterly, semi-annual, annual basis;

• Calculate/allocateemployercontributions when applicable (i.e.profit sharingand / or match);

• Checking data entry of contribution splits to ensure accuracy;

• Allocate expenses /earnings/losses on pooledandsegregated accounts;

• Importing downloads from investment providers as needed on daily valuation clients;

• Completingannualcomplianceand nondiscrimination testingincluding communication of results to the plan sponsor andfacilitatingapplicable correctionsbytheappropriate IRSdeadlines;

• Prepare accountallocation / valuation report;

• Ensuring participant vesting information is updated accurately each plan year;

• Prepare, Deliver, and Fileapplicable annualgovernment filings such asForm 5500, 8955-SSA, and 5330;

• PrepareSummary Annual Report (SAR);

• Coordination of information with plan auditor (if applicable);

• Reviewand verifyaccuracy ofdistribution forms prepared byPlan AdministrationAssociate ;

• Coordinate and review3(16) co-fiduciary services provided byPlan Administration 3(16) Specialist;

• Ensureparticipant notices are accurately produced and delivered asdesignatedin service agreements;

• Routineannualplan design consulting with client;

• Facilitateplan design changes requiring amendments toplandocumentwithCompliance Manager;

• Any otherassigned tasksgiven by aSupervisor.
  

Delivery/Timing:

• Ensure the timeliness of meeting all deadlines required by the IRS, DOL, legislation and regulations;
• Ensure the timeliness of client communication and deliverables as specified in the handbook or as directed by supervisor.

Companywide Goals:

• 100% Client Satisfaction;
• 100% Benefit Calculation Accuracy
• 100% Compliance with internal McGregor & Associates deadlines;
• 100% Compliance with all applicable IRS and DOL rules, regulations and deadlines.

Success of this position is measure through:

• Client and Participant satisfaction by maintaining timely, accurate, and friendly customer service;
• Compliance with required IRS / DOL deadlines;
• Accuracy of benefit calculations
• Timeliness of meeting deadlines

Qualifications:

• Education Bachelors Degree or equivalent experience preferred.
• 5+ years ERISA experience in the retirement industry is required; 8+ preferred;
• Strong Word, Excel, and Outlook skills;
• Strong mathematical aptitude;
• Attention to detail;
• Strong time management skills;
• Ability to multi-task;
• Excellent problem solving and analytical skills;
• Relationship builder;
• Effective communication skills.

Employee Benefits:

• Employer funded health insurance benefits
• Group sponsored dental insurance
• Employer paid vision insurance for employee, spouse & dependents
• Employer paid life, short-term disability and long term disability insurance
  
• Employer funded Health Savings Account (HSA)
• Employer funded Health Reimbursement Arrangement (HRA)
• Flexible spending account benefits
• Up to 5 weeks vacation leave
• Paid sick leave
• Holiday pay
• 401(k) retirement plan benefits including matching employer contributions
• Performance bonuses
• Flex schedules
• Primarily works at main office location with potential to work some remotely (varies based on needs of company and position)
• Office hours are Monday-Thursday 8am-5pm and Friday 8am-3pm.

You can also apply at mcgregoreba.bamboohr.com/careers or by visiting our website at