RPCS ERISA Consultant

Job Description

Networks Connect is conducting a search for a RPCS ERISA Consultant that will work remotely. Reporting to the Business Manager and President, you will be responsible for administration of full case load of defined contribution qualified plans including 401(k) plans, profit sharing, money purchase, and 403(b) Plans.  Additionally, you will be responsible for handling technical issues/questions and all corrective action required for clients. Specific duties include but are not limited to:

• Prepare gain/loss spreadsheets for plan year-ends.
• Administration and evaluation of Census information.
• Compliance testing including ADP/ACP, Coverage, Top Heavy, Mid Year Testing and Cross-Testing.
• Analyzing and reconciling plan assets.
• Tax Reporting: 5500, SAR and 1099R (limited) preparation.
• Ensure ongoing plan qualification using appropriate techniques and computer software to maintain legal compliance.
• Order and print participant statements and assimilate Annual Year End Valuations for uploading to portal.
• Handle ‘special’ distribution processing (balance forward, brokerage accounts, etc.)
• Review and approve, Distribution Requests, Vesting Calculations, Loan Applications, Hardships, etc.
• Understanding of contribution processing
• Reviewing 1099-R’s prior mailing to client.
• Handle set-up of new plans in Relius
• Handle the collection of necessary data for takeover plans to ensure we have all items
• Provides support to internal/external customers by answering questions and problem solving to ensure the highest level of customer satisfaction.
• Understand Money-in, Money-out, Reconciliation, complete full trust fund account at the participant level
• Working with clients and Plan Administrators on Amendments and Plan Terminations.
• Accountable for routine and non-routine transactions and service issues including researching, resolving transaction questions/errors, and compliance and regulatory issues.
• Professionally administer incoming calls and e-mails ensuring they are handled or redirected accordingly.
• Handle confidential and non-routine information.
• Work independently and within a team on special, non-recurring, and ongoing projects including special projects at the request of the Administrators.
• Maintain Work Log and PensionPal/Outlook Databases.
• Backup for Administrators in their absences (vacation, days off, seminars, etc.).
• Actively shares knowledge and information with team members.
• Participate in training activities in order to enhance level of knowledge.

• Handling Corrective Actions for clients
  • Lost opportunity gains
  • VFCP Filings
  • Missed enrollment corrections
  • Erroneous enrollment corrections

• VCP Filings
• EPCRS Filings
• Handle all Plan Terminations
• Handle all Service Terminations
• Attend client meetings as requested by assigned Consultant
• Handle IRS/DOL audits – information gathering, questions, etc.
• Performs other related duties as assigned.

Qualifications:

• QKA Designated preferred not required
• Analytical, organizational, detail oriented and problem solving skills.
• Knowledge of Microsoft Office package.
• Knowledge of Website usage as it relates to Investment Companies we are doing business with.
• Work requires continual attention to detail and high accuracy in compiling and proofing materials, establishing priorities and meeting deadlines.
• Ability to multi-task in a fast-paced environment with high accuracy and within acceptable turnaround times.
• Knowledge of retirement plans, products, procedures, resources, tax laws and regulations
• Able to work with minimum supervision.
• Maintain a positive achievement attitude and influence others to do the same.
• Maintain Confidentially.
• The ability to build and maintain relationships with both internal and external clients.
• Continued Education to ensure the highest level of knowledge and staying current with changes within the field.

Earnings

$70,000 - $95,000 plus bonus salary

Category

Financial Services