SUMMARY: This role is responsible for the review and modification of Defined Contribution plans. Additional responsibilities include plan testing, preparation and filing of various IRS and DOL forms, participation in client consultation meetings and Plan terminations. Additionally, this role will conduct research, analysis and audits of various plans and assist in new procedure development and training.
Essential Duties And Responsibilities
Review allocations, contribution and forfeiture amounts, annual discrimination tests and Form 5500 and attachments. Advise the analyst of any necessary modifications. Provide assistance, if necessary, in plan administration
Prepare plan documents and determine the need for amendment
Monitor timeliness of client service relative to valuation reports, 5500’s, Disclosures requirements
Review overall plan status and communicate with client regarding situations needing attention
Prepare special studies and consult with clients and prospective clients, as needed
Assist with plan termination by reviewing calculations, balancing assets, preparing IRS Forms, reviewing Notice of Plan Benefits and election forms, provide IRS required certifications, if applicable. Provide a quote for fee for service
Respond to client inquiries and meet with clients when necessary
Conduct research and consult with attorneys, accountants and investment advisors when appropriate
Prepare and/or review Forms 1099 and 945
Provide assistance with IRS and DOL notices and programs as well as during audits
Assist in determining appropriate client billing
Communicate with a plan consultant, when necessary
Assist DC Analysts with resolving problems, conflicts, and issues
Fill in for DC Analysts, when needed
Implement new procedures and train analysts
Fulfill ongoing requirements to maintain professional certification
Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations
Regular, predictable attendance is an essential requirement of this position
Complete all other duties as assigned
Education And/Or Experience
High School Diploma or G.E.D. required
Must be a Qualified 401K Plan Analyst
Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
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