The Retirement Plan Administrator maintains plan records and ensures compliance with federal regulations. Responsible for the administration of retirement plans. Being a Retirement Plan Administrator requires a bachelor’s degree. Communicates with customers and assists with plan design and benefit distributions. In addition, Retirement Plan Administrator typically reports to a manager. Being a Retirement Plan Administrator gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as a Retirement Plan Administrator typically requires 2 to 4 years of related experience.
Retirement Plan Administrator Job Description Template
Our company is looking for a Retirement Plan Administrator to join our team.
Responsibilities:
- Assist clients in meeting all IRS and Department of Labor deadlines;
- Prepare Form 5500 and schedules;
- Responsible for all aspects of valuation reports, participant statements, and annual testing;
- Perform annual compliance testing including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), deductibility, and 402(g).
Requirements:
- Excellent problem solving and decision making skills;
- Proficient in Microsoft Office;
- Excellent written/verbal and mathematical skills;
- Attention to detail;
- Ability to read and understand complicated legal documents;
- Strong organizational and research skills.