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Retirement Plan Administrator

Retirement Plan Administrator

Smith Hanley AssociatesGarden City, ID, US
15 hours ago
Job type
  • Full-time
Job description

Overview :

We are seeking a qualified and motivated Retirement Plan Administrator to join our team. The ideal candidate will have a strong background in the administration of 401(k), Cash Balance, and Defined Benefit plans, with significant experience in discrimination testing and overall plan administration. In addition to technical expertise, we are looking for someone with an interest in sales and the ability to assist in designing and proposing retirement plans for new clients.

Salary : $70,000 - $100,000 + Bonus

Key Responsibilities :

  • Plan Administration (A-Z) : Handle all aspects of retirement plan administration, including testing, 5500 filings, allocations, and other associated tasks. You will manage a book of business consisting of 75-120 plans for small companies with 1-10 employees.
  • DC & DB Plans : Have experience working with Defined Contribution (DC) and Defined Benefit (DB) plans, including combo plans and cash balance plans. Collaborate with actuaries and other administrators for effective plan management.
  • Proposal Development & Sales : Assist in preparing retirement plan proposals for potential clients, brokers, and advisors. Leverage your sales experience to help the President with internal sales efforts for new plans.
  • Software Knowledge : Proficient in using plan administration software, including Datair and EBG Systems, for proposal generation and plan management.
  • Client & Broker Interaction : Communicate effectively with clients, brokers, and advisors to ensure a smooth sales process, providing guidance and answering questions regarding plan design and administration.

Qualifications :

  • 10+ years of experience in the administration of 401(k), Cash Balance, and Defined Benefit plans, including testing, compliance, and other critical plan processes.
  • Experience working with small companies (1-10 employees) and managing a significant book of business (75-120 plans).
  • Familiarity with DC & DB combo plans, cash balance plans, and collaborating with actuaries and other professionals.
  • Proficiency with retirement plan software, including Datair and EBG Systems.
  • Strong communication and sales skills, with a desire to assist in proposal preparation and sales efforts for new retirement plans.
  • Experience in life insurance as it relates to retirement plans is a plus.
  • Ability to work independently, manage time effectively, and collaborate within a team setting.
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    Retirement Plan • Garden City, ID, US

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