What are the responsibilities and job description for the Retirement Plan Administrator position at Wells Thomas, LLC?
Company Description
Wells Thomas, LLC located in Branford, CT, provides consulting and administrative services for over 900 retirement plans, including 401(k), profit sharing, prevailing wage, 403(b), and 457 plans. With a team averaging over 20 years of experience, they focus on tailored strategies to meet the unique needs and objectives of each client, emphasizing personalized and comprehensive services for plan compliance and success.
Responsibilities:
· Administration of Defined Contribution plans (including 401(k), 403(b), Profit Sharing and Davis Bacon) of various sizes
· Consulting with business owners, human resource professionals and their outside advisors regarding all aspects of retirement plan administration
· Read and interpret plan documents and IRS/DOL regulations
· Identify and correct any compliance issues
· Read/prepare asset reports for both daily valuation and balance forward plans
· Fulfill IRS/DOL requirements for filing tax forms and various plan/participant disclosures
Qualifications:
· 2 or more years’ experience in a retirement plan administration position, preferred
· Knowledge of plan compliance issues, ability to perform and understand testing & corrections
· Detail oriented with excellent written and verbal communication skills
· College degree with continuing education in the retirement plan field preferred
· Excellent time management skills and the ability to work under pressure in a busy environment
· ASPPA, NIPA or ERPA designations highly desirable
Compensation and benefits package is competitive and will be reflective of candidate’s qualifications. Willing to train the right candidate with a related background or degree and the right attitude. This position is in the office, though flexibility with hours or days is offered.