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401(k) Plan Implementation Specialist
2 months ago
Are you ready to leverage your expertise to make a significant impact in a dynamic and expanding organization?
Transition Finance Strategies LLC is a leading professional services firm specializing in third-party administration of retirement plans, including Employee Stock Ownership Plans (ESOP) and 401(k) Plans. With a nationwide client base, we are at the forefront of the ESOP recordkeeping and administration sector and are rapidly expanding our 401(k) and defined benefit plan services.
We are currently seeking a 401(k) Plan Onboarding Specialist to enhance our New Business Team. In this pivotal role, you will oversee the transition and establishment of both new and existing plans. A minimum of 5 years of experience in implementation, particularly in plan design and client consultation, is preferred.
Key ResponsibilitiesReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Proposal Assistance: Input prospects into our system and generate necessary fee quotations for stakeholders.
- Plan Design Consultation: Work collaboratively with Plan Sponsors and their advisors to tailor plans that effectively meet their requirements. Review existing plans, suggest modifications, and ensure all protected benefits are addressed.
- Plan Design Illustrations: Develop Plan Design Illustrations that include profit sharing, matching, and/or safe harbor features to facilitate plan design discussions.
- Plan Document Preparation: Assemble a comprehensive plan document package utilizing an industry-standard document system.
- Project Coordination: Ensure seamless transitions for incoming plans by liaising with Plan Sponsors and previous providers to gather necessary documentation, complete required paperwork, and participate in ongoing status meetings.
- Extensive experience with defined contribution plans, including plan design consultation, drafting plan documents, and conducting non-discrimination testing.
- Excellent communication skills with the ability to simplify complex regulations and concepts for Plan Sponsors.
- Subject matter expert with a comprehensive understanding of ERISA, DOL, and IRS regulations.
- Familiarity with one or more plan document drafting systems (e.g., FT Williams, ASC, Relius).
- Possession of a Qualified 401(k) Administrator (QKA) credential from ASPPA is advantageous but not mandatory.
- A Bachelor’s Degree or equivalent professional experience.
We offer a challenging work environment, competitive compensation, and exceptional opportunities for career advancement. Our comprehensive benefits package includes medical, dental, vision, life insurance, disability coverage, flexible spending accounts, a 401(k) plan, paid time off, and assistance with professional dues.
At Transition Finance Strategies LLC, we value hard work while also fostering a fun and engaging workplace culture. Employees are encouraged to participate in charitable initiatives through fundraising and volunteer opportunities. Enjoy quarterly virtual gatherings, monthly celebrations, and annual social events that recognize our achievements. You may also have the chance to contribute to various committees focused on charitable action, employee engagement, communications, and process improvements.
Equal Opportunity Employer
Must be authorized to work in the US.