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Senior Retirement Plan Administrator

Daybright Financial

(Remote)

COMPANY OVERVIEW

About Daybright Financial

Simply put, we are one of the nation’s largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that have been trusted members of their communities for decades. We hold the coveted “Best Places to Work – USA,” certification and serve more than 22,000 employer groups and 3.6 million plan participants nationally.

Daybright Financial also operates a dedicated independent divisional team, Daybright Broker Solutions, to further enhance the services, support, and marketing resources to grow the businesses of benefits brokers and consultants and enable professional employer organizations (PEOs) to bring more to the table for their clients — through the seamless delivery of Fortune 500-level health and financial wellness solutions.

For more information on Daybright Financial, visit daybright.com. Follow Daybright on LinkedIn, Instagram, Facebook, and YouTube.

Daybright is currently seeking a Senior Retirement Plan Administrator to join our Private Segment. Be part of a team of thought leaders and seasoned benefits and retirement planning professionals.

POSITION OVERVIEW     

The Senior Retirement Plan Administrator is the primary contact for an assigned book of plans. This candidate will be responsible for the A-Z annual plan administration of 401(k), Profit Sharing, Defined Benefit and Cash Balance Plans. The ideal candidate is detail-oriented, highly organized, and capable of managing multiple priorities and deadlines in a fast-paced, client-focused environment.

Responsibilities         

• Primary contact managing annual administration for approximately 120-150 plans.
• Annual plan administrations of 401(k), Profit Sharing, Defined Benefit and Cash Balance Plans.
• Preparation and calculations of eligibility, contributions, testing, compliance and reconciling trust accounts.
• Distribution calculations and processing with recordkeepers and PenChecks.
• Preparing and filing Form 5500’s.
• Preparation of plan amendments/restatements, plan terminations and IRS audits as case load demands.
• Coordinate with Actuary to get contribution and valuations for pension plans.
• Collaborate with clients, advisors, auditors and recordkeepers platforms

Required Skills/Experience

• Experience with A-Z administration
• Must have experience with Defined Benefits and Defined Contributions Combo plans
• Experience with forms 5500
• College degree preferred.
• 2-4 Years of experience in the retirement plan service area preferred.
• Understanding plan types, eligibility, vesting, contributions (employee/employer), distributions and participant loans.
• Proficiency in ADP/ACP testing, Coverage testing, identifying highly compensated and key employees, 401(a)(4) testing, 410(b) testing, Top Heavy testing and government reporting.
• Must be dependable and able to manage and meet deadlines.
• Familiarity with ERISA requirements, IRS and DOL regulations and fiduciary responsibilities.
• Technology proficiency especially with recordkeeping platforms.
• Strong organizational and problem-solving skills, with the ability to track multiple tasks and issues in a fast-paced environment.
• Strong communication skills, both written and verbal.
• Basic to intermediate understanding of Relius Administration, Government Forms, FT Williams system
• ASPPA designations or equivalent a plus.

Compensation: $75,000 - 85,000

Exempt

How to Apply

To apply, please email your resume to nrequena@daybright.com with (Spectrum Sr Plan Admin) in the subject line. 

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