Employee Trust Administrator jobs in Syracuse, NY

401K Administrator – Multiple Employer Plan (MEP)

Job Summary:

A 401k administrator is a specialist who manages the day-to-day administration of a 401k plan. They ensure to keep the retirement plan running smoothly. The employer’s retirement plan is overseen and managed by a 401-k administrator.

Duties and Responsibilities:

• This is an in-office position.

• Understanding each client company’s plan design, employee matching program, and profit-sharing options.

• Assisting plan sponsors and customizing set up of plan in payroll system.

• Overseeing the plan operation and approving the transactions, including employee contributions, employer matching, loans, and distributions.

• Monitoring compliance with plan’s rules, law changes, and federal regulations, and making plan amendments when needed.

• Filing the required plan notices – required forms by the Department of Labor and Internal Revenue Service, such as Safe Harbor notices, 1099-R, and 5500 forms.

• Preparing the annual participant census.

• Reviewing the Summary Plan Description for the plan’s participants and beneficiaries and requesting changes from the TPA if needed.

• Discrimination testing and audit support. Relaying testing results to client companies when needed.

• Helping employees by increasing employer contributions or refunding top-earning workers.

• Educating employees on how to participate, use benefits, and maximize savings.

• Ensuring to maintain records, such as participant accounts records, plan documents, and plan administration.

• Submitting weekly file of contributions and employer match to Transamerica or another 401K vendor.

Job Requirements and Qualifications:

• Preferred four-year professional degree in Business, Accounting or Human Resources

• Advanced Skills in Excel

• Technical, functional, and in-depth expertise in 401K plan administration with at least five years’ experience

• Understanding and application of regulations and laws to protect the interest of Pinnacle Employee Services as well as our clients.

• Able to deliver high quality customer service in a professional manner.

• Strong team development skills; excellent at clarifying common goals among diverse staff members, gaining consensus on an overall approach, and building a collaborative environment.

• Excellent verbal, written and listening skills.

• Excellent organizational and time management skills.

• Commitment to detail, quality, and confidentiality.

• Ability to work independently and with a team.

• Ability to adapt between multiple projects and timelines.

Job Type: Full-time

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Dependent care reimbursement
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Compensation package:

• Bonus opportunities

Weekly schedule:

• Monday to Friday

Work setting:

• In-person
• Office

Application Question(s):

• Do you have at least an intermediate level of Excel experience?

Education:

• Bachelor's (Preferred)

Experience:

• 401K Administration: 5 years (Required)

Ability to Relocate:

• Syracuse, NY 13204: Relocate before starting work (Required)

Work Location: In person