Job Information
P & A Group Retirement Plan Administrator II in Williamsville, New York
Williamsville. P&A Group. retirement Plan Administrator II. $50,000 - $60,000/year.
Scope/Impact The Retirement Administrator II position is responsible for performing complex administrative duties related to defined contribution pension plans such as 401(k), profit sharing, money purchase pension plans, 403(b), Davis-Bacon, etc. to maximize quality, quantity, cost-effectiveness, profitability, and total customer/client satisfaction.
Effective performance of all duties and responsibilities of the position will ensure accurate and timely completion of required tasks and compliance with required timelines.
Key Responsibilities: * Coordinates and administers assigned complex caseload to ensure optimal client/customer satisfaction through proper interpretation of the plan document and all plan provisions * Assists in the preparation and execution of plan documents such as original and amended plan text, SPDs ancillary polices and required notices when applicable * Frequent contact with clients and their representatives to interpret and convey complex concepts, plan design provisions in a clear and logical manner * Prepares several types of spreadsheets for client review * Performs all necessary ADP/ACP, 415, 410(b) testing, and all other required compliance testing, paying special attention to detail * Resolves administrative problems with clients, plan representatives and plan participants in a timely and accurate manner * Prepares and delivers to clients all required reports, such as annual valuations, participant statements, Form 5500 reports, etc. in a timely and accurate manner * Performs all phases of case recordkeeping, distribution, and loan procedures in accordance with the plan provisions, government regulations, and departmental procedures * Initiates related accounting functions such as billing, reconciliation, and plan funding * Initiates and maintains records and retrieval methods that are following governmental and departmental policies * Mentors team members and helps build their knowledge and understanding of various aspects of the role and industry * Assists the department manager in the training of new administrators, administrative assistants, and support personnel when required
MINIMUM REQUIREMENTS * Bachelors degree and/or equivalent work experience required * 3-4 years of defined benefit plan administration and manual calculation experience; for a variety of plan types (401(k), 403(b), profit sharing, Davis Bacon) * Experience with Schwab or FTWilliams a plus * Industry designations a plus
Skills/Knowledge/Competencies * Must be able to analyze, interpret, evaluate, and apply departmental policies, procedures, and administrative practices, recognize potential for client and company exposure, and be creatively involved in formulation of solutions. * Strong computer skills, including Microsoft Office. Expert level Excel skills required. * Solid oral and written communication skills with ability to convey ones message with diplomacy and tact * Proven ability to effectively manage multiple priorities utilizing effective organizational and time management practices * Self-starter with the ability to work independently in a fast-paced environment with critical deadlines * Ability to develop and maintain positive relationships with both internal and external customers * Strong attention to detail * Comfort working in a results-driven team environment * Ability to apply critical thinking skills to provide solutions to problems and administration of assigned plans
Follow link to apply through company website: https://padmin.com/careers/