DB Plan Termination Consultant

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.Section 1: Position SummaryThe DB Plan Termination Consultant is a position on the Plan Terminations Team responsible for all aspects of processing DB Plan Terminations. The DB 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 ResponsibilitiesReview of necessary government forms required for a plan terminationCoordinate Compliance testing, analysis and corrective actionsReview of annual valuation and Form 5500 filingCoordinate projected and year end non-discrimination testingCoordinate calculation and allocation of annual employer contributionsIdentify and resolve plan discrepanciesCensus review, eligibility calculations, trust accounting and asset reconciliationEnsure compliance with DOL and IRS requirementsProcess final distribution of assets to participants. Work with clients, plan sponsors, participants and others during the plan termination process regarding distribution of plan assetsEffectively 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 assignedSection 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 decisionsResults orientedStrong 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 positionHigh school diploma or equivalent required; two or four year degree preferred. Coursework in pension plan administration or work towards certification a plus. We are proud to be an Equal Opportunity EmployerBe aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.