What are the responsibilities and job description for the Director of Plan Administration position at KerberRose?
Description
The Director of Plan Administration will lead the day-to-day operations of our Plan Administration team. This individual is responsible for overseeing a team of administrators, ensuring timely and accurate delivery of compliance testing, Government filings, and annual reporting for our Plan Sponsors. The ideal candidate has technical expertise in Qualified Retirement Plans, proven leadership experience, and a commitment to delivering exceptional service to Plan Sponsors and Financial Advisors.
Key Responsibilities:
The Director of Plan Administration will lead the day-to-day operations of our Plan Administration team. This individual is responsible for overseeing a team of administrators, ensuring timely and accurate delivery of compliance testing, Government filings, and annual reporting for our Plan Sponsors. The ideal candidate has technical expertise in Qualified Retirement Plans, proven leadership experience, and a commitment to delivering exceptional service to Plan Sponsors and Financial Advisors.
Key Responsibilities:
- Lead and manage the Plan Administration team, including hiring, training, mentoring, and performance reviews.
- Oversee the administration of Defined Contribution Plans, including Nondiscrimination Testing (ADP/ACP, Top-Heavy, Coverage), Contribution calculations, and Forms 5500 preparation.
- Coordinate with Actuarial Service providers regarding Paired Plans.
- Ensure compliance with DOL, ERISA and IRS Regulations and keep team updated on Regulatory changes.
- Oversee the preparation of Plan Sponsor initiated Amendments and IRS-mandated Restatements
- Act as a technical resource for internal staff and external clients on complex Plan design and compliance issues.
- Maintain strong relationships with Plan Sponsors, Financial Advisors, recordkeepers, and other stakeholders.
- Develop and implement process improvements to increase efficiency and accuracy.
- Support the onboarding of new Plans and coordinate the transition of existing Plans.
- Manage workload distribution and deadlines to ensure timely and quality deliverables.
- Collaborate with Executive leadership on business strategy, Plan Sponsor delivery, and growth initiatives.
- Monitor key performance indicators (KPIs) and report progress and risks to leadership.
- Bachelor’s degree in Accounting, Business, or related field (or equivalent experience).
- 7 years of experience in Qualified Retirement Plan administration.
- 3 years of leadership or management experience in a TPA or similar environment.
- Strong knowledge of DOL, ERISA and IRS rules governing Qualified Retirement Plans.
- Professional credentials such as QKA, QKC, QPA, CPC, or NIPA equivalent preferred.
- Excellent analytical, organizational, and communication skills.
- Experience with TPA administration software (e.g. ASC Compliance and Document, Plan Sponsor Connect, FTWilliam) preferred.
- High level of attention to detail and ability to manage multiple priorities.
- Competitive salary and performance-based bonus
- Health, Dental and Vision insurance
- 401(k) with Employer Matching Contribution
- Paid time off and holidays
- Opportunities for professional development and Continuing Education
- Flexible work environment and remote work options (if applicable)