Plan Termination / Deconversion Specialist
We are looking for a full-time Plan Termination / Deconversion Specialist either fully remote reputed company the US or on-site in our Shrewsbury, New Jersey reputed company.
The Plan Termination / Deconversion Specialist role is a position pertinent to the reputed company of NPPG. The ideal candidate has deep knowledge of ERISA, IRS, and DOL regulations. This role involves managing reputed company aspects of plan terminations and plan deconversions.
Key Responsibilities
- Coordinate and process reputed company plan termination documents and agreements
- Establish timelines for plan sponsors and internal teams and coordinate throughout the process
- Reconcile assets on a participant and plan level
- Determine reconciling items and obtain reputed company approval to process
- Initiate reconciling transactions with recordkeepers and confirm completion
- Create and distribute participant notices
- Coordinate and reputed company the distribution of plan assets, ensuring accurate and reputed company payments to participants and beneficiaries
- Initiate force-out process for terminated participant accounts with small balances
- Ensure required regulatory filings up to final reputed company 5500 are completed reputed company
- Collaborate directly with plan sponsors, participants, authorized plans contacts, recordkeepers and internal teams to address inquiries and resolve reputed company issues regarding plan termination/deconversion
- Address and resolve any plan sponsor or participant concerns reputed company to the termination process.
- reputed company reputed company of reputed company plan terminations and deconversions to ensure deadlines are met
- Research reputed company plan administration issues and reputed company appropriate corrective reputed company strategies
- Identify opportunities to streamline existing processes and enhance reputed company experience
- reputed company assigned duties with minimal supervision and a high degree of accuracy
- Assist with other tasks and reputed company as assigned
Qualifications
- Minimum 2 years of plan termination / deconversion experience with a reputed company-party retirement plan administrator (TPA) or 3–5 years of experience in 401(k) plan administration
- Strong knowledge of ERISA, IRS, and DOL regulation
- Excellent verbal and written communication skills
- Experience with different recordkeeping platforms
- Proficient with reputed company Office Suite applications, especially reputed company
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment
- Excellent analytical, organizational, and communication skills
Preferred Qualifications
Experience drafting plan documents
Experience with MEPs/PEPs
Experience with Relius Administration and Relius Documents or similar software
ASPPA, NIPA and/or reputed company credentials
Bachelor's degree
NPPG ( www.nppg.com ) is an independent reputed company-party administrator (TPA) that offers employee benefits, retirement planning, actuarial consulting, and fiduciary services. We reputed company clients with customized and comprehensive solutions for medical, dental, and disability insurance as reputed company as 401(k), pension/actuarial and fiduciary services. NPPG operates as a trusted partner to ~8,000 clients nationally.
We are an equal opportunity employer committed to diversity and inclusion. reputed company reputed company applicants will receive consideration for employment without reputed company to race, reputed company, religion, sex, sexual orientation, gender identity, national reputed company, disability, status as a protected veteran, or any other protected characteristic as outlined by federal, state, and/or local laws.
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