FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com.
Serve as a resource to retirement plan consultants for matters related to Trust Accounting. This person will focus on reconciling trust assets for Defined Contribution, Defined Benefit, and/or Cash Balance plans. A Trust Analyst will be handling multiple priorities and deadlines. Retirement Plan Consultant is able to handle client meetings both in person and via phone.
Job Functions, Essential Duties and Responsibilities
Input trust data from brokerage reports, bank statements and other financial documents
Reconcile and balance debit and credit entries in order to prepare reports
Organize trust files/statements within client folders
Review and reconcile loan and distribution transactions
Analyze numeric information and identify discrepancies
Identify missing information, list reconciliation issues and communicate with Retirement Plan Consultants
Prepare follow up letters relating to trust issues
Review non-qualifying assets
Identify assets held at more than 20% of plan assets
Track late deferral deposits and calculate interest
Meet / exceed all quality, productivity and turnaround goals
Ability to work overtime to meet business deliverables
Assists retirement plan consultants on plan audits, if applicable
Provide timely, superior customer service, including problem solving and issue resolution with minimal inconvenience to clients
Provides effective verbal and written communications in a clear, concise and informative manner
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture.
Assist with other tasks and projects as assigned
Experience, Skills, Knowledge Requirements
General knowledge of types of pension plans and their financial arrangements.
Basic understanding of financial reporting requirements of IRS Form 5500 and related attachments
Understanding of account reconciliation methods
Knowledge of participant loans, partnership valuations, employer stock investments and reporting of insurance policies
Understands how trust accounting relates to our pension software
Effective oral and written communication skills
Analytical and critical-thinking skills
Organization and prioritization skills
Ability to work independently
Excellent Interpersonal skills
Intermediate Excel: Ability to develop and use spreadsheets
Intermediate Word: Ability to create letters and documents
10-Key: Proficient use to input quantities of numeric data
We are proud to be an Equal Opportunity Employer
At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity-housed within our Core Values: People Matter. Quality First. Integrity Always.
As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.
Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws ("Protected Status").