Responsibilities include everything related to handling a Cash Balance or Defined Benefit Plan with fewer than 500 participants.
This is a virtual position where you would be expected to work from home. We provide extremely flexible work schedules as well as excellent benefits and a laid-back, friendly environment. As part of a small company, you will have many responsibilities and will have to be flexible and friendly. Compensation will be commensurate with experience and ability. High performers will be rewarded as the pay structure will include a base salary plus some amount of bonus to be paid quarterly and the rest to be paid annually as well as a commission for bringing in new business should you choose to pursue those opportunities.
Some of the candidate's job responsibilities and qualifications are provided below but ultimately the job will be what you make of it as long as you are getting quality work done on time. Keeping our clients and employees happy are our top two priorities.
Responsibilities:
- Perform and possibly review actuarial valuations for defined benefit and cash balance plans in accordance with IRS laws and regulations
- Prepare and possibly review annual non-discrimination testing for qualified pension plans including Cash Balance, Defined Benefit, and 401(k) Profit Sharing plans.
- Prepare and possibly review PBGC filings and notices
- Prepare and possibly review annual FASB reports
- Prepare and possibly review distribution packages and annual participant statements
- Prepare, possibly review, and timely deliver government form filings (IRS & DOL form 5500, Schedule SB, etc.)
- Prepare preliminary design studies and projections that will meet all nondiscrimination requirements
- Establish and maintain qualified plan documents, including all amendments
- Prepare, possibly review, and consult regarding plan termination filings with IRS and PBGC
- Lead and/or participate in retirement plan consulting projects
- Direct client contact and new business development is at your discretion and will be rewarded but not required
- Ability to work in an energized, fast-paced environment.
- At least 3 years of relevant small plan actuarial experience
- Knowledge of business entities as they relate to plan compensation and plan design
- Understand client business issues and be able to understand how they affect the retirement plan
- Thorough knowledge of Cash Balance Plans.