Defined Benefit Retirement Plan Consultant
Pinnacle Plan Design, LLC, Tucson, Arizona, United States, 85718
Pinnacle Plan Design is growing! You'll find we offer a great work environment, challenging career development, and the chance to work with some of the best and brightest. We are all about our people. Take a look around, you'll see our employees agree!
Essential Duties
Preparation and review of annual reporting and use of judgement required on qualified defined benefit plans including:
Review and interpret the plan document specifications and apply to the employee/participant.
Prepare optimum contribution allocation including calculating minimum required contribution, maximum deductible, and recommended contribution for the DB plan.
Review reconciled trust accounts to plan accounts.
Perform non-discrimination testing (combined plan where applicable).
Calculate maximum benefits (415(b)) as needed.
Prepare IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307, 5310, and PBGC Forms.
Calculate required minimum distributions.
Prepare Excel testing and contribution file for comparison to pension software file output.
Identify highly compensated and key employees, and ensure minimum allocations to non-highly compensated and non-key employees are met.
Review distribution and loan disclosures and paperwork based upon plan provisions.
Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information.
Prepare Plan Termination submissions as applicable (PBGC, IRS, etc.)
Review draft amendments and plan documents.
Communicate with client, accountant, attorney and investment advisor on plan related issues. Develop relationships with clients to establish long-term working relationships.
Track data received and not received and follow up with related parties to receive data.
Review of participant disclosures and notifications.
Identify potential plan redesign opportunities, potential prohibited transactions.
Other duties as assigned.
Knowledge, Skills and Abilities
Knowledge of IRS/ERISA regulations and funding methods;
Proficient in using Microsoft Office products and other technology to complete tasks. ASC experience helpful
Professional designation (such as ASPPA QKA, NIPA APA, EA, etc)
Demonstrated ability to multi-task, meet deadlines, and work in a fast-paced environment to create high-quality products and solutions to be reviewed by Senior Managers/Actuaries/Owners.
Demonstrated technical knowledge and interpersonal communication skills needed to effectively and diplomatically review others' work.
Demonstrated ability and willingness to take full responsibility for assigned client plans, completing work in a timely manner, communicating with clients, collaborating with colleagues, and proactively resolving issues.
Demonstrated ability to analyze situations and attend to detail to ensure quality.
Education and Experience Requirement
A High School Diploma or GED required; Bachelor's degree strongly preferred;
Professional designation (such as ASPPA, NIPA) required (for example, QKA, QPA, APA, EA, ERPA, CPC); or willingness to obtain designation
Minimum 5 years' experience in third party administration
Defined benefit plan administration
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Essential Duties
Preparation and review of annual reporting and use of judgement required on qualified defined benefit plans including:
Review and interpret the plan document specifications and apply to the employee/participant.
Prepare optimum contribution allocation including calculating minimum required contribution, maximum deductible, and recommended contribution for the DB plan.
Review reconciled trust accounts to plan accounts.
Perform non-discrimination testing (combined plan where applicable).
Calculate maximum benefits (415(b)) as needed.
Prepare IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307, 5310, and PBGC Forms.
Calculate required minimum distributions.
Prepare Excel testing and contribution file for comparison to pension software file output.
Identify highly compensated and key employees, and ensure minimum allocations to non-highly compensated and non-key employees are met.
Review distribution and loan disclosures and paperwork based upon plan provisions.
Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information.
Prepare Plan Termination submissions as applicable (PBGC, IRS, etc.)
Review draft amendments and plan documents.
Communicate with client, accountant, attorney and investment advisor on plan related issues. Develop relationships with clients to establish long-term working relationships.
Track data received and not received and follow up with related parties to receive data.
Review of participant disclosures and notifications.
Identify potential plan redesign opportunities, potential prohibited transactions.
Other duties as assigned.
Knowledge, Skills and Abilities
Knowledge of IRS/ERISA regulations and funding methods;
Proficient in using Microsoft Office products and other technology to complete tasks. ASC experience helpful
Professional designation (such as ASPPA QKA, NIPA APA, EA, etc)
Demonstrated ability to multi-task, meet deadlines, and work in a fast-paced environment to create high-quality products and solutions to be reviewed by Senior Managers/Actuaries/Owners.
Demonstrated technical knowledge and interpersonal communication skills needed to effectively and diplomatically review others' work.
Demonstrated ability and willingness to take full responsibility for assigned client plans, completing work in a timely manner, communicating with clients, collaborating with colleagues, and proactively resolving issues.
Demonstrated ability to analyze situations and attend to detail to ensure quality.
Education and Experience Requirement
A High School Diploma or GED required; Bachelor's degree strongly preferred;
Professional designation (such as ASPPA, NIPA) required (for example, QKA, QPA, APA, EA, ERPA, CPC); or willingness to obtain designation
Minimum 5 years' experience in third party administration
Defined benefit plan administration
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