Account Manager

Job Summary:

Overlay Enhanced and Comprehensive 3(16) Product; Maintain Bundled Recordkeeper/client/advisor relationship; review compliance testing; contribution calculations; and sign / file Form 5500
Responsibilities :
Interpret plan documents
Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
File and Sign Form 5500 as prepared by Bundled Recordkeeper
Basic and Enhanced:

Review participant home loan requests
Review manual hardship distribution requests

Enhanced and Comprehensive:

Review compliance Testing as prepared by the Bundled Recordkeeper (ADP/ACP; 415; 402(g) 416, 410(b))
Review census data including any data integrity reports if applicable
Review employer contribution calculations as prepared by Bundled Recordkeeper
Review participant QDROs prior to sending to Legal

Work with plan’s Form 5500 auditor
Works with assigned Administrator to ensure deadlines are met timely
Works with client to ensure plans corrections are properly executed.

Comprehensive 3(16) Responsibilities

Provides oversight and management of the following tasks as performed by Bundled Recordkeeper

Review Plan Document
Review SPD and SMM for compliance with ERISA
Authorize ADP’s preparation of Notices

ACA; QDIA; blackout Notices

Authorize and review the Bundled Recordkeeper’s preparation of SAR
Confirm the Bundled Recordkeeper has prepared and distributed participant fee disclosure notice
Confirm forfeitures / Suspense Accounts were used in accordance with plan document
Confirm the Bundled Recordkeeper processed all involuntary distributions
Conduct Annual Plan Review (APR)
Works with Bundled Recordkeeper to pull contribution report to track the timeliness of contributions,

Requirements:
3-5 Years of Defined Contribution retirement compliance and service experience
Excellent Client Relationship skills
Excellent communication and organizational skills
Problem solving ability
Ability to work in fast paced team environment
Working knowledge of Microsoft office (excel, word, outlook)
Working knowledge of Sungard Relius compliance software, Relius Government Forms & FT Williams Government forms a plus
ASPPA designations a plus or be willing to obtain designations

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