Strongpoint Partners

Administration

• Independently manage and administer 50–75 retirement plans
• Perform compliance testing (ADP/ACP, coverage, nondiscrimination, etc.)
• Prepare annual valuations
• Complete and file Form 5500s
• Calculate employer contributions
• Perform cross-testing and allocation calculations
• Review and process participant distributions and loans
• Maintain up-to-date knowledge of ERISA rules and regulations
• Review plan documents and ensure operational compliance
• Communicate effectively with clients, advisors, and internal team members

401k Plan Administrator

• Administer a block of Defined Contribution Plans (80-120)
• Responsible for the output of data within the annual valuation reports for each client
• Reviews or performs, as needed, the annual testing for plans, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), deductibility, and 402(g)
• Reviews or prepares Form 5500 and coordinates with plan sponsor to help ensure timely filing
• Provide superior customer service to client and referral partner
• Solve problems with attention to detail within standardized response times
• Provides effective and timely verbal and written communications in a clear, concise and informative written manner via email or phone/voice mail messages.
• Assists the clients in meeting all IRS and Department of Labor deadlines necessary for qualified retirement plan
• Maintains up-to date knowledge of present legislation and proposed legislative changes with regard to ERISA law through self-study, company-sponsored training sessions or Industry accreditation programs, i.e. ASPPA or NIPA
• Reviews distributions with L&D team
• Reviews loans with L&D team
• Assists auditors for “Large Plans” if a plan is subject to an audit
• Assists IRS and DOL auditors, if the plan is subject to an IRS or DOL audit
• Coordinate with all applicable parties, both internal and external, to ensure proper communication with client and referral partners.
• Responsible for protecting, securing, and proper handling of all confidential data held by BEI to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to BEI or our clients.
• Provide training for Junior Administrators as needed
• Serves as technical resource for other Administrators, Consultants and Assistants

Senior DC Plan Administrator – BEI

Actuary

• 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 401(k) valuations/trust accounting/government reporting done on an accrual basis.
• Perform and understand non-discrimination testing.
• Provide actuarial and administration support to clients.
• Perform benefit calculations, valuations, AFTAP and schedule B.
• Other duties as assigned.

Enrolled Actuary

Consultant

• Support a Senior Consultant with all aspects of annual plan administration.
• Perform census scrubs, payroll/data reconciliations, and year-end data reviews.
• Prepare and/or assist with annual compliance testing, including ADP/ACP, Top Heavy, 410(b), 415, and other nondiscrimination testing.
• Assist with preparation and review of valuation reports and participant statements.
• Prepare draft Form 5500 filings and gather supporting documentation.
• Communicate with clients regarding data needs, deadlines, and follow-up items in a professional and timely manner.
• Assist with participant distribution and loan requests by coordinating with the Operations and Participant Support teams.
• Research plan provisions, document requirements, and regulatory questions under the direction of a Senior Consultant.
• Maintain accurate records and workflow updates within internal systems.
• Stay current on ERISA, IRS, and DOL regulations through internal training and self-study.
• Support auditors for plans subject to annual audit by preparing requested documents and schedules.
• Collaborate with internal teams to ensure smooth processing of contributions, payroll updates, and compliance items.
• Other duties as assigned.

Retirement Plan Consultant

• Ability to perform A-Z administration and to independently manage caseload of DB benefit 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.
• Provide actuarial and administration support to clients.
• Perform benefit calculations, valuations, AFTAP and schedule B.
• Other duties as assigned.

401k Plan Administrator

Senior DC Plan Administrator – BEI

Enrolled Actuary

Retirement Plan Consultant

Consulting Actuary