View All Jobs

---

Retirement Plan Termination Specialist

Compass

(Remote / Stratham NH / Hybrid)

Job Summary:  

The Plan Termination Specialist is responsible for managing the complete process of terminating employer-sponsored retirement plans. This role ensures compliance with regulatory requirements, coordinates with plan sponsors, service providers, and participants, and facilitates the efficient distribution of plan assets. The specialist acts as a subject matter expert on plan termination procedures and provides guidance throughout the process to ensure a smooth transition for all stakeholders.

Duties/Responsibilities:  

• Oversee all aspects of plan termination, including initial planning, timeline development, communication, and execution of required actions.
• Ensure all plan terminations adhere to IRS, DOL, and ERISA regulations, including proper filing of required forms (e.g., IRS Form 5500, final Form 5500, IRS Form 1099-R).
• Prepare, review, and submit necessary documentation and reports to regulatory agencies and plan sponsors.
• Educate plan sponsors on steps of plan termination, how to communicate options for distributions or rollovers to participants, and provide support throughout the process.
• Coordinate and oversee the distribution of plan assets, ensuring accurate and timely payments to participants and beneficiaries.
• Work closely with third-party administrators, accounting, document team, recordkeepers, legal counsel, and other vendors to ensure all aspects of the termination are handled appropriately.
• Address and resolve any participant or plan sponsor concerns related to the termination process.
• Identify opportunities to streamline plan termination procedures and enhance client experience.
• Lead communication with plan sponsors, recordkeepers, and financial advisors throughout the plan termination process.
• Collaborate with Compliance, Relationship Managers, Finance and Plan Document teams throughout process.

Required Skills/Abilities/Certifications:

• Strong knowledge of IRS, DOL, and ERISA regulations related to retirement plans.  
• Excellent organizational and project management skills.
• Outstanding written and verbal communication abilities.
• Ability to work independently and collaboratively within a team environment.
• Detail-oriented with a commitment to accuracy and compliance.

Education and Experience:

• Preferred Bachelor Degree in accounting, finance, communications, or related field (or equivalent experience).
• Minimum 3 or more years of experience in retirement plan administration, with specific expertise in 401(k) plan terminations preferred.
• Experience using FTW and Pension Pro preferred.
• Proficient with Microsoft Office Suite applications, especially Outlook and Excel.
• Professional certifications such as QKA, or APA, and ASPPA/NIPA membership are a plus.  

How to Apply

Apply Now

---

A Verified Employer
Compass has trusted BenefitsLink to help reach qualified candidates for this opening.

View All Jobs

---

Manage This Listing (employer only)