[Hiring] Consulting Service Specialist @EPIC Retirement Plan Services

Role Description

Responsible for complete administration of combo plan designs DB & DC including reporting, compliance testing and 5500 preparation. Keeps informed of new developments, policies, and legislation concerning qualified retirement Plans in order to proactively advise assigned Plan Sponsors.

Qualifications

• Bachelor’s degree and 3 years’ experience in qualified plan compliance or plan administration services or equivalent combination of education and experience.
• Experience with DB or ESOP administration is preferred.
• ASPPA QKA or similar industry credential(s) preferred.

Requirements

• Ability to use research tools to obtain knowledge of and apply current regulations.
• Ability to read and interpret plan documents, procedure manuals and basic workflow software.
• Ability to write routine reports and correspondence.
• Ability to communicate effectively with both internal and external contacts.
• Ability to solve practical problems and deal with a variety of situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Ability to develop application software skills provided by internal training, within a reasonable period of time as determined by the Manager.
• Must have knowledge of Microsoft Office applications including Word, Excel, and Outlook.

Tasks Performed

• 30% Own administration of assigned DB/CB, ESOP, and other DC retirement plans, ensuring compliance with plan provisions (including paired/combined plans) and applicable pension laws.
• Monitor and communicate plan cash activity, participant data changes, recordkeeping, and census data.
• Review trust statements and required data for actuarial valuations.
• Prepare annual allocation reports and participant statements for paired DC plans.
• Review and deliver actuarial valuation reports, disclosures, testing results, and participant statements to Plan Sponsors.
• 15% Assist with preparation of and/or review annual compliance testing result packages to be delivered to clients/sponsors.
• 20% Prepare and/or review annual government reporting including Form 5500, appropriate Schedules, Form 8955-SSA or Form 5558.
• Track and verify need for Form 1099R with Paying Agent/Vendor Partners.
• Deliver and track PBGC Premium Filings and provide support with completion of filings of all types.
• Monitor plans for RMD and other required activities and funding deadlines.
• 30% Provide exceptional customer service for the book of Defined Benefit, ESOP and Combo Plan assigned through proactive communications with financial institutions, Advisors, and/or Plan Sponsors.
• 5% Perform other duties as assigned.

Physical Requirements

• Communicate effectively with internal and/or external customers.
• Stationary 75% of time or greater.
• Move Objects to Maximum 10 lbs.

Benefits

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.
• Parental Leave: Six weeks of paid leave at 100% of your salary.
• Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
• Dental and Vision Coverage: Ensuring your overall health and well-being.
• Flexible Spending Accounts: For healthcare and dependent care expenses.
• Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.
• Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.
• Voluntary Benefits: Including hospital, accident, and critical illness coverage.
• Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
• Adoption Assistance: Supporting your growing family.
• Tuition Reimbursement: Invest in your education and career growth.
• Employee Assistance Program (EAP): Access to support and resources.
• Pet Insurance: For all your furry friends.
• Financial and Banking Services: Various banking services benefits and financial planning assistance.

Company Description

• At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community.
• We value and support your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements.
• Community involvement fosters our success and the success of those around us.
• We believe in creating a workplace where every voice matters and every team member feels empowered to contribute.
• Your growth and development are our priority, with a wide variety of development programs and tools available.
• We recognize and reward your contributions with competitive compensation, comprehensive benefits and performance-based incentives.
• NBT has built a reputation as a stable financial institution by growing our people and our business.