Compliance Administrator II k Purchase

Company

Prime Pensions, Inc. is a well-established retirement plan administration and actuarial firm specializing in 401(k), profit sharing, defined benefit, and other qualified retirement plans for employers across the United States.

Department: Compliance
Reports To: Compliance Supervisor
FLSA Status: Non-Exempt
Pay Range: $34.00 – $38.00 per hour
Location: Chico, CA / Remote

Company

Prime Pensions, Inc. is a well-established retirement plan administration and actuarial firm specializing in 401(k), profit sharing, defined benefit, and other qualified retirement plans for employers across the United States.

Since 1975, Prime Pensions has provided customized retirement plan solutions with an emphasis on technical expertise, accuracy, and personalized service. Our team supports a wide variety of plan designs and investment arrangements while maintaining comprehensive oversight and quality standards throughout the administration process.

Prime Pensions has been recognized as a leading defined contribution plan administrator and as one of NJBIZ's Best Places to Work in New Jersey.

The Compliance Administrator II is responsible for the annual administration and compliance of 401(k), Profit Sharing, Money Purchase, and related Defined Contribution retirement plans. This position independently manages intermediate to advanced plan administration assignments, performs compliance testing and contribution calculations, and researches administrative issues while ensuring work is completed accurately and within established deadlines.

The ideal candidate has several years of retirement plan administration experience, strong technical and analytical skills, and the ability to independently manage a portfolio of plans with limited supervision.

Retirement Plan Administration & Compliance

• Perform annual administration and compliance work for 401(k), Profit Sharing, Money Purchase, and related Defined Contribution retirement plans.
• Independently administer single and dual-plan arrangements of varying sizes and complexity.
• Administer plans utilizing New Comparability, Age-Weighted, Safe Harbor, and other allocation methods.
• Review and analyze plan documents to determine applicable administrative provisions and ensure plans are administered in accordance with plan terms.
• Determine participant eligibility, compensation, service, and other applicable plan provisions.
• Determine Highly Compensated Employee (HCE) and Key Employee status.
• Determine and verify participant vesting.
• Perform IRC
• 410(b) coverage testing and Top-Heavy testing.
• Perform advanced ADP/ACP nondiscrimination testing.
• Analyze failed ADP/ACP testing and recommend appropriate correction methods.
• Perform advanced cross-testing and related nondiscrimination testing.
• Summarize and reconcile participant accounts as required for annual administration.
• Adjust participant accounts for applicable gains and losses based on plan asset performance.
• Administer plans with multiple participant loans and review loan information as part of the annual administration process.

Contributions & Plan Calculations

• Calculate annual employer contributions in accordance with plan provisions and applicable regulatory limits.
• Prepare preliminary contribution calculations and projections.
• Perform mid-year valuations and related calculations as required.
• Perform New Comparability, Age-Weighted, Safe Harbor, Profit Sharing, and Money Purchase contribution calculations.
• Review contribution allocations for compliance with applicable plan provisions and regulatory requirements.
• Identify potential contribution or compliance issues and communicate findings to the appropriate internal team members.
• Prepare accurate annual report summaries and supporting calculations.

Research & Technical Support

• Research retirement plan administration and compliance questions using applicable regulations, technical resources, and Company procedures.
• Interpret plan documents and complex technical guidance to resolve administrative questions.
• Develop accurate, detailed, and practical solutions to plan administration issues.
• Identify unusual or complex plan issues and appropriately elevate matters requiring additional technical review.
• Assist Consultants and other internal team members with plan administration and compliance-related questions.
• Stay informed of regulatory and procedural changes affecting Defined Contribution plan administration.

Workflow, Systems & Quality Management

• Coordinate assigned compliance…