This position is responsible for compliance related tasks associated with 401(k) plan administration, including, but not limited to reviewing payroll and 401(k) plan data used for nondiscrimination testing and government form reporting, performing required nondiscrimination testing, completion of IRS Form 5500, providing audit packages and audit support during client plan audits, reviewing domestic relations orders, calculating minimum required distributions, creating plan adoption agreements, amendments and associated communications, and coordination of client communications.

Responsibilities:

• Reviews and analyzes payroll and 401(k) data, as well as annual controlled group and nondiscrimination testing questionnaire to timely prepare and perform all ERISA testing with completeness and accuracy.
• Performs annual and interim ERISA nondiscrimination testing of Insperity individual 401(k) plans.
• Prepares IRS Form 5500, required schedules, audit packages and acts as client and auditor point of contact during annual plan audits.
• Performs retirement benefit calculations and allocations, including profit sharing, top heavy minimum, employer matching and annual adjustment allocations assuring that the allocation satisfies all nondiscrimination requirements.
• Analyzes prior plan documents, company ownership and compliance testing reports on client sponsored plans, to the extent necessary to perform transition year tasks (nondiscrimination testing, Form 5500, etc.).
• Reviews domestic relations order for qualified status as described under ERISA, including required participant and alternate payee communications.
• Monitors and calculates required minimum distributions to participants over age 70 1/2 as required under the terms of the plan.
• Provides compliance related support to all members of Insperity Retirement Services, Insperity Client Services, Insperity Contact Center and Insperity clients.
• Monitors payment of required employer contributions and excise tax payments due.
• Prepares plan adoption agreements, amendments and required participant communications.
• Prepares all client communications related to compliance work performed.

Qualifications:

• High School Diploma or equivalent is required.  Bachelor’s Degree in Business Administration, Finance or other related field is preferred.
• Two to four years of experience in retirement plan administration field is preferred.
• Industry related professional designation (American Society of Pension Professionals & Actuaries (ASPPA) or National Institute of Pension Administrators (NIPA)) or commitment to pursue preferred but not required.

Knowledge / Skills:

• Understanding of 401(k) plan administration, including nondiscrimination testing and Form 5500 preparation.
• Experience with one or more, ASC Documents, 5500 and Compliance Testing, and OmniPlus or other industry recognized recordkeeping system.
• Some knowledge of multiple employer plans, and/or the professional employer organization (PEO) industry, as well as controlled group rules a plus.
• Attention to detail, strong organizational skills, ability to multi-task and prioritize various tasks and regulatory deadlines.
• Intermediate level knowledge of Microsoft Excel and Word, with Access knowledge a plus.
• Strong aptitude with balancing and reconciling financial activity.
• Communicates tactfully and effectively, verbally and in writing, and maintains effective work relations with those encountered in the course of employment.