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Defined Benefit Plan Consultant

Sentinel Benefits & Financial Group

in Remote / Wakefield MA / Melville NY / Bingham Farms MI

Location: Flexibility for REMOTE Or Hybrid from one of our offices in Troy, Michigan, Wakefield, MA or Melville, NY                                                                                                                              

The Purpose of your role:  

We are seeking a knowledgeable, team-oriented Plan Consultant for our Actuarial Services Retirement Plan Consulting Team. This position is customer service focused! You’ll be the day-to-day contact for your dedicated clients and responsible for the administration of retirement plans; communicating with clients; performance of actuarial valuations, preparation of valuation reports and conducting compliance testing.

The Expertise we’re looking for:

• Develop and maintain strong client relationships across many different industries with varying levels of benefit/financial experience.
• Assist clients with plan design support including but not limited to aligning their DB and DC plans to meet client objectives and IRS compliance requirements.
• Answer a variety of client questions related to plan administration, plan design and participant inquiries.
• Maintain detailed knowledge of ERISA, the Internal Revenue Code and related regulations.
• Review and interpret plan documents, amendments, notices and summary plan descriptions.
• Responsible for all aspects of DB plan administration:
  • Reconcile participant census and determine eligible, key and highly compensated employees
  • Perform annual valuations and determine IRS minimum and maximum contributions
  • Coordinate funding with client
  • Prepare valuation reports
  • Prepare participant statements
  • Prepare AFTAP certification, Schedule SB and PBGC filings for actuary signature
  • Assist with preparation of Form 5500 filings
  • Coordinate annual PBGC filings
  • Prepare annual funding notice
  • Perform benefit calculations and prepare distribution paperwork
  • Perform annual IRS nondiscrimination testing, including aggregated testing with DC plans
  • Respond to auditor inquiries if plan is subject to annual audit
  • Assist in performance of plan termination filings including filing with IRS and PBGC, if applicable
• Expand professional knowledge through formal training and self-study.
• Perform other team tasks and participate in projects as needed.

The Behaviors That You Bring:

• Integrity – Your customer-centric attitude and commitment to doing what is right for our clients.
• Expertise – You are a team player and continuous learner. You share your knowledge with the team, embrace new learning opportunities, and search for ways to improve our operations.
• Empowerment – You demonstrate organizational skills, the ability to manage priorities, deadlines, and troubleshoot issues independently.
• Excellence – Your detail-oriented approach leads to quality processing results for our clients and your communication skills allow you to communicate effectively with internal team members.
• Innovation – You learn quickly, collaborate with others, and share your ideas for improving our service.

Education, Skills and Experience:

• 3+ years of actuarial and consulting experience in all aspects of defined benefit plan valuation and administration, combined defined benefit/defined contribution plan non-discrimination testing and alternative plan design.
• Intermediate to advanced knowledge of Microsoft Excel.
• Familiarity with Relius Administration (preferred but not a must);
• Personable, able to comfortably and pleasantly deal with a variety of people.
• Interpersonal skills with ability to work independently and within a team environment.
• Problem solving capabilities necessary to accomplish the duties and tasks of the position.
• Organized, self‐motivated, excellent time management and ability to work in a fast‐paced environment to meet deadlines while maintaining a strong attention to detail.

Our Company:

Sentinel Benefits & Financial Group proudly serves more than 3,500 clients throughout the U.S., and for 30 years, we’ve remained devoted to making a difference in the lives of our people, our clients and our community. With nearly 220 professionals tied to our mission to deliver great service—and a 9-year average associate tenure—we have become the thought leader we are today.

Sentinel was recently recognized by The Boston Globe as a Top Place to Work in 2020. In 2021, Sentinel earned a Top Workplace USA Award from Energage. Sentinel is also recognized as one of the largest employee benefits firms in Massachusetts (Boston Business Journal), a top 100 retirement plan adviser (PLANADVISER Magazine), and the 2016 recipient of the Best-in-Retirement Business IMPACT Award™ by Charles Schwab, our in-house experts—and their commitment to excellence—define who we are.

Our Culture:

Our people care about our organization. We are a company with a mission to be the best in our industry and best within our company. Being part of this company means that you are part of something special. Sentinel Benefits & Financial Group offers paid vacation, 10 Holidays and 2 floating holiday, company sponsored medical and dental insurance, life insurance, AD&D, short and long‐term disability, 401(k) Plan and free parking. Sentinel Benefits & Financial Group is an Equal Opportunity Employer                       

How to Apply

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