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Fiduciary Analyst

Anchor 3(16) Fiduciary Solutions, LLC

(Remote / Wexford PA)

Anchor 3(16) Fiduciary Solutions, LLC, located just north of Pittsburgh, PA, provides the highest quality in retirement plan services designed specifically to accommodate our clients’ administrative fiduciary needs.

Anchor 3(16) was formed in 2016 by the founding partners with more than 70 years of collective experience in the TPA industry.  Our firm was one of the first to marketplace in the region for offering administrative fiduciary services to Plan Sponsors.  With extensive backgrounds in the retirement plan industry and a solid reputation built over the course of the partners’ careers, Anchor 3(16) has experienced rapid growth in the last eight years.  We are committed to providing the highest level of quality work and customer service to our clients and referral partners, and we’re looking to add an industry-experienced individual to join our 3(16) fiduciary team!

As a Fiduciary Analyst for Anchor 3(16), your responsibilities will include various administrative fiduciary functions for an assigned book of business.  The caseload will be comprised of plans of various sizes and complexities but be commensurate based on experience.  This position works as a member of a team with a dedicated Manager and Senior Consultant.

Responsibilities:

• Review census data to determine eligibility for participation in the company-sponsored retirement plan
• Provide enrollment materials to newly eligible participants in a timely fashion in advance of Entry Date
• Review payroll data to ensure 401(k) salary deferral modifications are updated and loan repayments commence timely
• Assist with the monitoring and tracking of automatic enrollment and escalation
• Ensure timely remittance of payroll contributions; submit payroll contribution files to vendor
• Calculate or confirm employer matching contributions on a pay period basis in accordance with plan document provisions
• Review IRS Form 5500 and related Schedules for accuracy and address with TPA counterpart
• Support auditors for large plan audits by gathering requested reports and transaction detail
• Understand and interpret defined contribution plan documents
• Review distribution and loan requests to determine if in good order or if additional information is needed
• Communicate directly with plan participants regarding loan and distribution options, requests for additional information, and approval/denial of distribution requests
• Evaluate participant’s eligibility for financial hardship distribution
• Authorize termination/retirement/hardship distributions
• Monitor terminated participant accounts, provide notification, and ensure forced distributions are processed annually
• Ensure applicable notices are provided to eligible participants timely in accordance with IRS/DOL regulations (including items such as the Summary Plan Description or Summary of Material Modifications, Summary Annual Report, Qualified Default Investment Alternative Notice, Fee Disclosure Notice, Safe Harbor or Automatic Enrollment Notice, etc.)
• Research plan-related issues and corrective measures
• Work directly with Plan Sponsors, TPAs, financial advisors, and other team members on a daily basis to ensure timely completion of deadlines

Qualifications:

• Bachelor’s degree in math, finance, or related field preferred
• Minimum of three (3) years of experience (current) in the retirement plan industry is required
• Background knowledge and understanding of qualified defined contribution plan administration and responsibilities, including ERISA and IRS/DOL rules and regulations
• Ability to read and interpret Plan Documents as it relates to eligibility determination, contribution requirements, distribution options, etc.
• Familiarity with the recordkeeping platforms for major providers in the industry
• ASPPA credentials preferred
• Proficient with Microsoft Office products
• Strong communication skills, both written and verbal
• Strong attention to detail, ability to manage multiple projects in a fast-paced environment, and well-organized
• Ability to work and thrive in a team environment approach with an eagerness to learn

Salary/Benefits:

1. Competitive salary with PTO and ten (10) paid holidays
2. Health/dental/vision insurance
3. Life insurance
4. Company-sponsored retirement plan
5. Educational support for ASPPA certifications and on-going CE
6. Remote, work-from-home position (40 hours/week)
7. Advancement and growth opportunities available

How to Apply

Qualified candidates can send a resume to Meredith McCaskey via email at mmccaskey@anchor316.com or apply online using the link below.

Apply Now

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