Retirement Plan Consultant Combo Plans

Description

Why join our team at Definiti? If you enjoy tackling challenges and believe in delivering exceptional client service, Definiti may be perfect for you. You can make a difference by helping to improve and secure many retirements, while also helping to grow a dynamic organization. Most roles are fully remote, so you need to be comfortable using technology, be productive in a home office with a reliable internet connection to stay in touch with your team and deliver high-quality service to our clients. Definiti supports your professional growth through comprehensive training and industry credentials and certifications.

Definiti is a national retirement services company that helps clients manage and administer their retirement plans. We help clients define what's possible and what’s next for their retirement plans.

PURPOSE OF POSITION

The Retirement Plan Consultant (RPC) Combo Plans will be responsible for the day-to-day management of an assigned caseload of Defined Benefit/Cash Balance/401(k) Combo Plans.

PRIMARY DUTIES AND RESPONSIBILITIES

• Assigned case of 130-150 combination plans, primarily Cash Balance/401k Plans and serve as single point of contact
• Ability to accurately interpret and apply plan document provisions
• Ensure compliance with DOL and IRS requirements
• Preparation and review of 401(k) Plan Trust Accounting
• Annual compliance testing for assigned clients (402(g), 415(c), 410(b), ADP/ACP, Plan Limits, Top Heavy, etc.)
• Preparation and filing of Form 5500 and related schedules
• Closely working with assigned Actuarial Analyst and Consulting Actuary

Requirements

COMPETENCIES REQUIRED

• Understand plan documents (Basic Plan Document, Adoption Agreement, Summary Plan Description (SPD), Amendments, Summary of Material Modifications (SMM) and annual notices)
• Understand the annual lifecycle of plan (data collection, eligibility, compliance testing, trust accounting and Form 5500 preparation and filing)
• Proficiency with Microsoft Office applications
• Demonstrated excellence in written and verbal communication
• Must be detailed and possess strong organizational skills. Solutions oriented
• Understand requirements for QDRO support

EDUCATION AND QUALIFICATIONS

• High school diploma or GED required
• Bachelor’s degree preferred
• 401(k) Plan Compliance testing required
• Experience with Cash Balance and Defined Benefit Plans a plus
• ASC software strongly preferred; would consider equivalent software (Datair, etc)
• 3+ years of retirement industry experience in financial services operations
• Broad knowledge of the retirement plan industry
• Willingness to obtain ASPPA QKA designation or NIPA equivalent

REMOTE WORKING REQUIREMENTS

As a remote-first company, we have compiled expectations for a successful remote work environment:

• Ability to build rapport with others remotely while working productively with limited in-person interaction
• Have access to a reliable and consistently strong, high-speed internet connection suitable for remote work. A stable, high-speed internet connection is essential for effective communication, collaboration, and productivity while working remotely
• Designate a quiet, and well-lit space free of as many distractions as possible
• Be online and available to work during designated business hours in local time zone
• Accustomed to using Microsoft Teams (or similar virtual-meeting applications) to meet with colleagues regularly on video and use the chat feature for quick communications. We utilize many Microsoft Teams features (such as Channels and file storage) for announcements, relevant conversations, and file sharing. Familiarity with Microsoft Teams is a plus
• Accustomed with file-storage and file-sharing tools such as Microsoft SharePoint

BENEFITS

Definiti has a dynamic, growth-focused culture, and we are committed to offering attractive employee-centric benefits, including:

• A virtual-first work philosophy for most jobs
• 401(k) with up to 4% match
• Flexible PTO allows you to take the time you need for wellness, vacations, and personal matters. We foster a trusting environment where employees manage their workloads responsibly. Time off doesn’t accrue.
• 12 paid holidays, 2 paid floating holidays, and your birthday is a holiday
• Paid Parental Leave
• A variety of medical, dental and vision plan options including Definiti subsidized premiums
• Company-paid life insurance and short-term disability insurance
• Bonus plan eligibility