The Plan Termination Consultant is a position on the Plan Terminations Team responsible for all aspects of processing DC Plan Terminations. The Plan Termination Consultant is responsible for managing all aspects of plan administration for an assigned caseload of clients.
Section 2: Job Functions, Essential Duties and Responsibilities
- Prepare necessary government forms required for a plan termination
- Compliance testing, analysis and corrective actions
- Preparation of annual valuation and Form 5500 filing
- Perform projected and year end non-discrimination testing
- Calculation and allocation of annual employer contributions (including New Comparability)
- Identify and resolve plan discrepancies
- Census review, eligibility calculations, trust accounting and asset reconciliation
- Ensure compliance with DOL and IRS requirements
- Process final distribution of assets to participants.
- Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assets
- Effectively communicates with clients, brokers, and staff in answering questions and problem solving.
- Monitors and follows up on pending plan termination requests.
- Track progress of all plan terminations to ensure deadlines are met.
- Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
- Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
- Assist with other tasks and projects as assigned
Supervision
- N/A
Section 3: Experience, Skills, Knowledge Requirements
- Excellent customer service skills.
- Strong attention to detail and ability to communicate effectively both in writing and verbally.
- Effective analytical and problem-solving skills.
- Great organization skills with the ability to prioritize effectively & efficiently.
- Excellent at documentation and follow through.
- Ability to make sound decisions
- Results oriented
- Strong knowledge of MS Office including Excel, Word and Outlook.
- Experience with ASC is preferred.
- Qualified candidates will have 2-3 years of experience working with ERISA qualified plans.
- Finance and accounting experience is an additional asset for this position
- High school diploma or equivalent required; two or four year degree preferred.
- Coursework in pension plan administration or work towards certification a plus.
At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for a better future through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity—housed within our Core Values: People Matter. Quality First. Integrity Always.