Retirement Plan Consultant

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