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Distributions Processor - Qualified Retirement Plans

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.

With extensive backgrounds in the retirement plan industry and a solid reputation built over the course of the partners’ careers, Anchor 3(16) continues to experience rapid growth year over year.  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 industry-experienced individuals to join our 3(16) fiduciary team!

To ensure success in the position as a Distributions Processor with Anchor 3(16), you will receive one-on-one training in all aspects of the fiduciary services offered as well as specialized instructions for the processing position.  This position works as a member of a team with a dedicated Manager and Senior Consultant.

Job Responsibilities:

• Communicate directly with plan participants and beneficiaries and adhere to Company response policies
• Review/interpret plan provisions and explain distribution options available to plan participants
• Review distribution and loan requests to determine if in good order or if additional information is needed
• Review documentation and evaluate participant’s eligibility for financial hardship requests
• Coordinate form and vesting review with assigned Retirement Plan Analyst
• Update assigned 3(16) Fiduciary Analyst on requests and processing status
• Mail distribution forms to participants, as requested
• Coordinate delivery of distribution instructions/forms to terminated participants
• Monitor terminated participant accounts and ensure forced distributions are processed periodically throughout the year based on specific procedures of the recordkeeper
• Submit forms/approvals on various recordkeeping platforms and track status through distribution completion
• Update workflow system and tracking logs in a timely “real time” manner
• Work directly with TPAs, financial advisors, and other team members on a daily basis to ensure timely processing of requests
• Assist with Fiduciary Analysts with lost participants searches, new business setup, and additional plan responsibilities, as needed

Qualifications:

• Two or more years of experience (current) in the retirement plan industry, preferably with plan administration and/or processing distributions and loans for an independent TPA firm
• 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, distribution options, vesting schedules, etc.
• Familiarity with the recordkeeping platforms for major providers in the industry
• Proficient with Microsoft Office products
• Experience with PensionPro or similar workflow tracking system
• 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 email a resume to Meredith McCaskey at mmccaskey@anchor316.com.

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