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TPA Retirement Plan Consultant DC & DB

Established TPA

in Remote

We are recruiting for an established TPA. We invite you to apply if you are interested in this opportunity. CPS, Inc. recruits for full time permanent (not contract) Retirement industry positions. Thank you for your interest. We hope to hear from you. 

At this TPA, we're seeking a Retirement Plan Consultant to play a pivotal role in the day-to-day administration of retirement plans. As the primary point of contact for our valued customers, you'll be responsible for establishing strong client relationships and positioning yourself as the go-to expert for all things related to plan administration.

Your mission is to ensure efficient plan operation, client satisfaction, and long-term retention. This entails not only adhering to the provisions outlined in each plan document but also mastering the intricate details buried within the legal plan documentation.

As a Retirement Plan Consultant, your duties encompass:

• Understanding the nuances within each plan's provisions and navigating complex compliance testing requirements.
• Taking necessary corrective actions, which may include asset distribution, contributions, or plan document amendments, to ensure compliance.
• Prioritizing tasks to meet compliance-based deadlines, such as annual census reporting, testing, and assisting clients with various regulatory requirements.
• Anticipating client needs, addressing concerns promptly, and applying your expertise to uphold compliance with plan documentation, IRS and DOL guidance, and fiduciary responsibilities.
• Recognizing and fulfilling fiduciary duties required for plan administration.

Key Responsibilities:

• Manage all aspects of retirement plan administration, serving as the single point of contact.
• Deliver top-notch customer service, resolving issues with minimal disruption to clients.
• Communicate effectively, both verbally and in writing, in a clear, concise, and informative manner.
• Assist clients with initial and ongoing plan design and document support.
• Ensure clients meet IRS and Department of Labor deadlines for qualified retirement plans.
• Stay updated on current and proposed ERISA legislation through self-study and company-sponsored training sessions.
• For Defined Benefit (DB) plans, coordinate actuarial valuation reports, participant statements, Annual Funding Notices, and AFTAP preparation.
• Review or conduct annual combined plan testing for combo clients.
• Review benefit calculations and distribution paperwork.
• Prepare or review Form 5500 and collaborate with plan sponsors to ensure timely filing.
• For DB plans, prepare annual PBGC premium filings and assist with termination filings.
• Assist auditors in case of an annual plan audit.
• Collaborate with IRS, DOL, and PBGC auditors under the Compliance Team's guidance when necessary.
• Ensure a smooth takeover process for new clients, coordinating with internal and external stakeholders to match prior valuations.
• If applicable, work with Enrolled Actuary or independently oversee activities for timely and accurate completion of a substantial client portfolio.
• Reconcile plan assets by working with Recordkeeper data in various formats and systems.
• Perform annual compliance testing for assigned clients (e.g., 402(g), 415(c), 410(b), ADP/ACP, Plan Limits, Top Heavy, etc.).
• Prepare and file IRS Forms (5500 series, 5330, 1099R, and related schedules).
• Calculate employer plan contributions using various allocation methods.
• Support retirement plan implementation, conversion, de-conversion, and termination processes.
• Continuously seek process and service improvements, while maintaining client and plan data in line with administrative electronic protocols.
• Safeguard confidential data, ensuring its protection, security, and proper handling to prevent unauthorized access or disclosure.

Experience, Skills, and Knowledge Requirements:

• Minimum 3 years of ERISA defined benefit and defined contribution experience in the retirement industry.
• Proficiency in financial data analysis.
• Familiarity with Traditional Defined Benefit and Cash Balance Plans.
• Experience with ASC, ftwilliam, Relius, or Datair software and PensionPal or PensionPro.
• Strong skills in Word, Excel, and Outlook.
• Exceptional written and oral communication abilities.
• Strong analytical and problem-solving skills.
• Keen attention to detail and the ability to prioritize and manage tasks in line with business operations, including ERISA compliance matters.

If you're a seasoned professional looking to join a dynamic team and make a significant impact in the retirement plan administration field, we encourage you to apply. Your expertise will be instrumental in helping our clients secure their financial futures.

How to Apply

To apply for this opportunity or to inquire about other Retirement industry positions we are recruiting for, please contact: sczepiel@cps4jobs.com 

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