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TPA Admin Assistant - Fort Worth, TX, United States - TEKsystems
Description
Description:
· Maintain a designated number of 401(k) Plans
· Initiate and respond to basic client communication and inquiries
· Document all plan transactions during the year (loans, distributions, rollovers, contributions)
· Perform annual review process for all assigned plans
Prepare plan financials and 5500 with all schedules
Determine eligible employees based on census
Prepare and send work product
Invite clients to electronically sign 5500 and follow-up as needed
· Gather, record, and track receipt of all year-end documents
They can take an old 401k account with their employer and put it into a business 401k account - have to go through regulations with their IRA -
Our Third Party administration admin - to get them fully trained to become a plan administrator -
Reviewing a lot of client documentation - making sure they are knowing what they can do with their funds - submit their documentation to the 401k plan -
Deadline is august - so the busy season is my until the end of july - second deadline is october
Less phone conversations - send us sensus documentations
Decent amount of data entry - don't really need to know what the financial documents to say
6 - 12 month training process
Ongoing until the client decides to stop the 401k plan - the clients pay a monthly fee
Getting documentation is depended on the annual information - some plans take 10 to 15 minutes - some other plans take 4 to 5 hours to complete their document report
Some phone conversations - but most of it is via email -
Career plan is getting to the plan administrator
Skills:
excel, data entry, production, financial, adobe, financial services, retirement
Top Skills Details:
excel,data entry,production,financial,adobe
Additional Skills & Qualifications:
· 3+ years financial industry experience
· Retirement Plan industry experience is a plus
· Proficiency in Microsoft Office Suite with intermediate to advanced skills in Excel
Experience Level:
Intermediate Level
About TEKsystems:
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.