What are the responsibilities and job description for the Retirement Plan Coordinator position at FuturePlan?
FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.
Job Description
Section 1: Position Summary
The Retirement Plan Coordinator is responsible for certain day-to-day operational duties of the plan as a co-plan administrator. This includes monitoring and oversight related to key areas of plan administration for 100-200 plans.
Section 2: Job Functions, Essential Duties and Responsibilities
- Review and sign Form 5500. If changes are required ensure those are complete before e-signing.
- Maintain plan documents.
- Create report from recordkeeper and work with client to ensure forfeiture account assets are used timely and in accordance with the terms of the plan document.
- Ensure distribution of all required participant notices for newly eligible and annually for all participants by leveraging recordkeeper process or mailing/emailing notices directly to participants.
- Generate a report from the recordkeeper to monitor and ensure plan contributions are submitted timely. If plan contributions are not submitted timely ensure the correction process is completed to include lost earnings are calculated and deposited. This could also include employee communication.
- Review data from recordkeeper to monitor and ensure terminated participants are forced out of the plan.
- Monitor and ensure distributions and loans are processed timely.
- Produce a report from the recordkeeper to monitor and ensure newly eligible participants are offered the plan and enrolled. If participants are not offered the plan timely ensure correction process is completed so the plan remains compliant.
- 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
- 3 to 5 years of retirement plan experience.
- Bachelor’s degree preferred.
- Attention to detail required.
- Works independently.
We are proud to be an Equal Opportunity Employer
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