Defined Benefit/Cash Balance Plan Administrator, (CBA)

About Cash Balance Actuaries, (CBA):

With employees spread across 11 states, Cash Balance Actuaries (CBA) is an actuarial firm specializing in designing and administering flexible & easy-to-understand cash balance plans that meet the specific needs of each unique client. CBA is an operating partner of Strongpoint Partners, a leading tech-enabled financial services retirement platform backed by Shore Capital Partners (SCP).

Role Overview:

Cash Balance Actuaries, (CBA), a Strongpoint Partner, is seeking an experienced Defined Benefit / Cash Balance (DB/CB) Plan Administrator.  The DB/DC Plan Administrator is responsible for overseeing a caseload of clients, primarily Defined Benefit / Cash Balance plans.  Day to day responsibilities include managing annual workflow/administrative deadlines, compliance testing, contribution calculations, preparing actuarial valuations for review, 401(k) plan reconciliation, government reporting, and responding to day-to-day client inquiries.  This position will perform all levels of compliance testing and government reporting, and provide guidance to clients on plan design, contribution structure, and evolving legislative requirements.  This is a great opportunity for a motivated candidate who wants to further their knowledge of qualified plan design, compliance and administration, and support all sides of a growing financial services firm. This individual must have strong project management skills, a high level of comfort with technology, and the personality to thrive in an entrepreneurial environment by being adaptable, creative, proactive, and eager to grow in this position as it evolves with the growth of the company.

PLEASE NOTE: This is a fully remote position and can be performed from anywhere within the United States. We are committed to supporting a flexible work environment and welcome candidates from all U.S. time zones.

Key Responsibilities:

• Ability to perform A-Z administration and to independently manage a caseload of approximately 50 small plans.
• Understand and interpret elements of Defined Benefit / Cash Balance Plan actuarial valuation & be able to communicate issues to in-house actuaries and clients.
• Prepare and facilitate PBGC filings for covered Defined Benefit Plans.
• Maintain industry knowledge and share information with client and team members.
• Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements.
• Read and interpret legal plan documents and amendments.
• Discuss plan design changes and options with clients.
• Review and import census data and reconcile participant account data, including “receivable” contributions.
• Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.
• Perform and understand ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) combo non-discrimination testing.
• Coordinate year-end valuation and government reporting, including asset reconciliation/Trust Accounting for plans maintained on recordkeeping platforms.
• Other duties as assigned.

Qualifications:

• 4+ years of retirement plan experience, but would consider less experience from the right motivated individual
• Excellent knowledge of ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) non-discrimination testing
• Knowledge of Defined Benefit / Cash Balance actuarial valuation reports & PBGC filing requirements
•  Knowledge of advanced cross-testing concepts and ability to perform testing to determine the most cost-effective solutions to meet nondiscrimination requirements
• Ability to perform accrual-based trust accounting for Form 5500 purposes
• Familiarity with cross-testing concepts
• Familiarity with accrual based trust accounting for Form 5500 purposes
• Proficiency in MS Office, including Word, Excel, Outlook
• Experience with Relius is preferred but not required
• Ability to utilize and keep current CRM software
• Organized individual able to set priorities, meet deadlines, and be detail-oriented
• Exceptional approach to client service focusing on communications, timely solutions, and client needs
• Team player, collaborative, able to work with and through others
• Strong verbal and written communication skills internally and externally
• Ability to work well under pressure with multiple priorities and deadlines
• Excellent analytical and problem-solving skills; strong math and/or accounting skills
• Ability to act with integrity, be proactive with client needs, seek to continuously improve service, constantly focus on professional growth and work collaboratively with the entire team

Preferred Qualifications:

• ASPPA and/or NIPA credentials preferred, or willingness to work towards credentials