Our client, a premier third-party administration firm specializing in retirement plan consulting, design, and administration services for businesses and their financial advisors, is seeking an entry level Retirement Plan Administration Specialist to be the first point of contact for transactional-based services their clients.

Job Title: Retirement Plan Administration Specialist

Location: Maple Grove, MN | onsite

6 month contract to hire

Pay: $20 per hour | $45,000 salary once converted

Top Asks:

• Excellent customer service
• Ability to complete workload in a timely manner
• Maintain a sense of urgency
• Commitment to professional development and learning are critical skills for this position.

Responsibilities:

Customer Service

• Respond to questions from clients and referral sources in a timely manner
• Be an advocate for TSC in all interactions

Transaction Administration

• Accurately interpret plan documents to determine eligibility for participant transactions (loans, distributions, etc.)
• Intake, review, process, and complete transactions in a timely manner
• Enter distribution information on required tracking lists and software (e.g. 1099-R, internal checklists, etc.)
• Calculate, prepare paperwork for, and process Required Minimum Distributions

Plan Administration

• Coordinate with other service providers (e.g. financial advisor, investment company, CPA, payroll, actuary, etc.)
• Continually develop and increase knowledge of retirement plan rules and regulations (attend webcasts, department meetings, pursue credentials, continuing education, etc.)
• Review team member’s distributions for accuracy
• Send required notices and distribution packages
• Process mandatory distributions
• Set up automatic rollovers for eligible participants
• Assist with requests from other employees

Development

• Identify opportunities for improvements to our company
• Participate in working groups to enhance work product and internal processes
• Maintain tools and resources (e.g. company intranet, databases, etc.)
• Contribute to changes that positively impact the organization
• Perform other tasks and projects assigned

What you need to be a Retirement Plan Administration Specialist:

• Excellent customer service
• Ability to comprehend and explain complex information to others
• Aptitude in accounting and math
• Must be able to quickly address, research, and solve problems
• Capability of meeting deadlines and manage dynamic workloads
• Enthusiasm for learning and professional development
• Excellent organizational skills

Benefits:

• Wide medical network including Mayo - Dental insurance - Flex Spending Account (FSA)
• Health Savings Account (HSA) - Life Insurance
• Long Term Disability
• Short Term Disability - 401k plan including employer matching
• Competitive Paid Time Off plan
• 8 paid company holidays
• Flexible work schedules
• Regular staff appreciation events
• Emphasis on continued training and education