Plan Termination Consultant
Ascensus, Dallas, TX, United States
Section 1: Position Summary
The Plan Termination Consultant is a position on the Plan Terminations Team responsible for all aspects of processing DB Plan Terminations. The Plan Termination Consultant is responsible for managing all aspects of plan administration for an assigned caseload of clients.
Section 2: Job Functions, Essential Duties and Responsibilities
Review of necessary government forms required for a plan termination
Coordinate Compliance testing, analysis and corrective actions
Review of annual valuation and Form 5500 filing
Coordinate projected and year end non-discrimination testing
Coordinate calculation and allocation of annual employer contributions
Identify and resolve plan discrepancies
Census review, eligibility calculations, trust accounting and asset reconciliation
Ensure compliance with DOL and IRS requirements
Process final distribution of assets to participants
Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assets
Effectively communicate with clients, brokers, and staff in answering questions and problem solving
Monitors and follows up on pending plan termination requests
Track progress of all plan terminations to ensure deadlines are met
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients
Our I‑Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture
Assist with other tasks and projects as assigned
Section 3: Experience, Skills, Knowledge Requirements
Excellent customer service skills
Strong attention to detail and ability to communicate effectively both in writing and verbally
Effective analytical and problem‑solving skills
Great organization skills with the ability to prioritize effectively & efficiently
Excellent at documentation and follow through
Ability to make sound decisions
Results oriented
Strong knowledge of MS Office including Excel, Word and Outlook
Experience with ASC is preferred
Qualified candidates will have 2‑3 years of experience working with ERISA qualified plans
Finance and accounting experience is an additional asset for this position
High school diploma or equivalent required; two or four year degree preferred
Coursework in pension plan administration or work towards certification a plus
We are proud to be an Equal Opportunity Employer
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Section 2: Job Functions, Essential Duties and Responsibilities
Review of necessary government forms required for a plan termination
Coordinate Compliance testing, analysis and corrective actions
Review of annual valuation and Form 5500 filing
Coordinate projected and year end non-discrimination testing
Coordinate calculation and allocation of annual employer contributions
Identify and resolve plan discrepancies
Census review, eligibility calculations, trust accounting and asset reconciliation
Ensure compliance with DOL and IRS requirements
Process final distribution of assets to participants
Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assets
Effectively communicate with clients, brokers, and staff in answering questions and problem solving
Monitors and follows up on pending plan termination requests
Track progress of all plan terminations to ensure deadlines are met
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients
Our I‑Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture
Assist with other tasks and projects as assigned
Section 3: Experience, Skills, Knowledge Requirements
Excellent customer service skills
Strong attention to detail and ability to communicate effectively both in writing and verbally
Effective analytical and problem‑solving skills
Great organization skills with the ability to prioritize effectively & efficiently
Excellent at documentation and follow through
Ability to make sound decisions
Results oriented
Strong knowledge of MS Office including Excel, Word and Outlook
Experience with ASC is preferred
Qualified candidates will have 2‑3 years of experience working with ERISA qualified plans
Finance and accounting experience is an additional asset for this position
High school diploma or equivalent required; two or four year degree preferred
Coursework in pension plan administration or work towards certification a plus
We are proud to be an Equal Opportunity Employer
#J-18808-Ljbffr