[Hiring] Retirement Plan Consultant @Sentinel Group

Role Description

The Plan Consultant position offers a retirement plan professional an opportunity to service a book of clients supporting their retirement plan administration and recordkeeping. This position is customer service and compliance focused! You’ll be the day-to-day contact for your dedicated clients and responsible for the administration of retirement plans; communicating with clients; overseeing recordkeeping tasks, preparing valuation reports and conducting compliance testing.

• Developing and maintaining strong customer relationships across many different industries with varying levels of financial experience.
• Answering a wide variety of client questions related to retirement plan administration, recordkeeping and participant inquiries on a daily basis (i.e. payroll contributions, distributions, investments, audits and plan reporting).
• Performing yearly compliance testing and annual valuations for qualified retirement plans to ensure that IRS guidelines are met.
• Calculating projected and actual plan contributions - employer matching contributions, including safe-harbor match; profit sharing contributions utilizing pro rata, integrated and new comparability allocation methods; self-employed contributions.
• Collaborating both internally and externally to facilitate the responsible handling of plan assets.
• Reviewing and interpreting retirement plan documents, amendments, notices and summary plan descriptions.
• Interacting with other Sentinel departments and external business partners to ensure timely and accurate completion of annual nondiscrimination testing and reporting requirements and assist in the effective management of client relationships.

Qualifications

• A passion for the retirement plan industry, consulting and connecting with clients.
• An ability to develop and maintain relationships with colleagues, clients, and external partners.
• Familiarity with a variety of retirement plan types and designs specifically 401(k), 403(b), profit sharing, non-qualified and defined benefit.
• Experience performing retirement plan compliance testing and presenting the results to key stakeholders.
• At least 3 years of experience working in defined contribution plan administration with Third Party Administrator focus.
• Intermediate to advanced knowledge of Microsoft Excel including the use of formulas and overall ability to learn and use different software packages.
• Experience with Relius Administration software preferred.
• ASPPA Qualified 401(k) Administrator (QKA) or higher credential preferred.

Requirements

• Experience to include coverage test under IRC § 410(b) and general nondiscrimination test under IRC § 401(a)(4).
• ADP and ACP tests under IRC §§ 401(k) and (m).
• Compensation ratio test under IRC §414(s).
• Top heavy determination under IRC §416.

Benefits

• PTO (vacation, sick, personal time bank) - Unlimited FTO after 2 years of service.
• 12 Paid Holidays (10 stated and 2 floating holidays).
• 2 Community Volunteer Days.
• 5 Summer Half Days.
• Medical, Dental, Vision.
• Life Insurance.
• LTD & STD.
• Retirement Plan with 4% Employer Match.
• Parental Leave.

Company Description

Sentinel Group proudly serves nearly 5,000 clients throughout the U.S. For 35+ years, we’ve remained devoted to positively impacting the lives of our people, our clients and our communities. With a 9-year average associate tenure among our 265 professionals, our team’s commitment to excellent service has positioned Sentinel as the only provider who makes benefits EASY: easy for your people; easy for your business; and easy for you.

• Sentinel is one of the largest employee benefits firms in Massachusetts (Boston Business Journal).
• Named a 2022 Retirement Plan Adviser of the Year in the Mentorship category (PLANADVISER Magazine).