Retirement Plan Administrator

Job Description

Job Title: Retirement Plan Administrator
Industry: Services / Financial Services
Employment Type: 3 Months Contract

Position Summary

The Defined Contribution Plan Administrator provides administrative and client service support for the organization's largest and most complex defined contribution retirement plan clients. This role manages plan transactions, valuations, reconciliations, compliance testing, reporting, and client requests while ensuring transactions meet company and client standards.

Key Responsibilities

• Provide administrative and service support to complex Defined Contribution (DC) retirement plan clients.
• Respond to client requests, resolve administrative issues, and provide timely solutions.
• Process plan transactions including contributions, loans, withdrawals, and earnings allocations.
• Perform plan valuations and ensure transactions are processed accurately according to client and company requirements.
• Format, load, validate, and analyze plan data.
• Perform required compliance and discrimination testing related to defined contribution plans and plan design.
• Request and interpret data, present results to clients, and provide recovery recommendations when necessary.
• Reconcile trust accounting and recordkeeping systems at the plan level.
• Reconcile plan balances to trust balances through daily balancing, adjustment analysis, and reconciliation reporting.
• Analyze transactions by type and investigate discrepancies or exceptions.
• Coordinate omnibus fund purchases and sales with third-party fund companies.
• Prepare and produce client reports, including:
• • Valuation reports
  • Participant statements
  • Investment performance reports
  • Tax and compliance forms
• Participate in client meetings and conference calls.
• Maintain relationships with trustees and third-party service providers.
• Consult with clients regarding plan design, trust reconciliation, payroll, and other retirement plan services.
• Ensure accurate documentation and adherence to established operational and compliance procedures.

Required Skills

• Defined Contribution / 401(k) plan administration
• Retirement plan recordkeeping
• Plan valuation and transaction processing
• Trust accounting and reconciliation
• Contributions, loans, withdrawals, and distributions
• Compliance and discrimination testing
• Data analysis and reconciliation
• Client service and relationship management
• Plan design and payroll consultation
• Investment/fund transaction processing
• Client reporting and presentation
• Strong analytical and problem-solving skills
• Excellent written and verbal communication

Incorporated in 1991, Real Soft Inc. (RSI) is a US-based global software solutions company, a pioneer in providing professional services and delivering business solutions. Our persistent focus has been on forging strong relationships through service excellence and cost containment for customers.
Address:
125 Village Blvd
Forrestal Village, Suite 200
Princeton, NJ 08540