Compliance Administrator II - Retirement and Pension Plans

Job Description

Job Description

Job Title: Compliance Administrator II - 401(k), Profit Sharing or Money Purchase
Department: Compliance
Location : Remote / Chico, CA USA office
Reports To: Compliance Supervisor
FLSA Status: Non-exempt

COMPANY

Prime Pensions, Inc. is a well-established actuarial and record-keeping firm specializing in 401(k), profit sharing, and defined benefit plans for employers of all sizes across the United States. Since 1975, the company has been recognized for its innovative plan designs and customized approach that accommodates various investments and plan types. With a strong commitment to accuracy and attention to detail, Prime Pensions ensures high-quality and personalized services through comprehensive oversight of all work. The company has been named one of the top defined contribution plan administrators and one of the Best Places to Work in New Jersey by NJBIZ.

POSITION SUMMARY

To complete intermediate retirement plan compliance, retirement plan design assistance, and related annual administration.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Primarily responsible for preparation of the following intermediate plan calculations and annual report summaries:
  • 401(k), Profit Sharing or Money Purchase
    • Single or dual plans
    • All size plans
    • New comparability, age weighted allocations or Safe Harbor
    • Multiple Loans

• Calculate annual plan contributions, preliminary calculations, projection calculations and mid-year valuations.

• Analyze plan document to determine correct administrative components.

• Determine participant eligibility.

• Determine highly compensated employee status.

• Perform plan coverage testing.

• Highly compensated determination.

• Perform plan top heavy testing.

• Check participant vesting.

• Perform advanced 401(k) ADP/ACP non-discrimination testing.

• Recommend failed ADP/ACP correction methods.

• Perform advanced plan cross testing.

• Summarize advanced participant accounts.

• Adjust participant accounts for gains and losses based on asset performance

• Ability to research solutions to administrative questions.

• Tracks all completed work in WIP, Time tracker and APC Gold programs.

• Maintain satisfactory attendance.

AUXILLARY DUTIES AND RESPONSIBILTIES

• Coordinate compliance work flow as assigned.

• Participate in group or individual discussions regarding department process or policy improvements.

• Assist with training or research.

• Work on projects as assigned.

• Mentor new employees with training, assistance or research.

• Other duties may be assigned.

KNOWLEDGE – SKILLS – ABILITIES

• Ability to concentrate; highly organized and detail oriented individual.

• Highly skilled in plan administration, while requiring little supervision.

• Strong problem solving skills.

• Strong interpersonal skills

• Proficiency in MS applications, particularly Excel and Word programs

• Ability to work quickly and accurately under deadlines.

• Ability to interpret complex technical literature.

• Ability to research and propose accurate and detailed solutions to administrative questions.

• Ability to meet internal turnarounds and productivity requirements.

• Detailed preparation of compliance work while maintaining 95% accuracy

• Ability to interpret information and utilize resources to complete work assignments

MINIMUM QUALIFICATIONS

• Three to six years of industry compliance experience.

• Bachelors Degree (preferably in Business Administration) or equivalent experience.

• Excellent math and analytical skills (supported by experience and/or related coursework).

• Ability to read, write and speak in English.

COMPENSATION

• This is a full-time, hourly remote position
• Hourly rate from $34 to $38 per hour based on experience
• Eligible for full time employee benefits, including health, voluntary and 401(k)