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Client Events Team Associate Job
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| Employer Name: Milliman, Inc. |
SpiderID: 2506975 |
| Location: Dallas, Texas |
Date Posted: 10/10/2008 |
| Wage: |
Category: Finance/Investment |
| Job Code: DC Ops |
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Job Description:
BASIC FUNCTION
Responsible for the successful delivery of all services related to plan testing, annual audits, government forms and compliance. Also recommends and participates in process improvements.
Job Requirements:
RESPONSIBILITIES OF THE POSITION
Perform all required nondiscrimination testing including 410(b) coverage testing, 401(k) and 401(m) nondiscrimination testing, top-heavy testing and 401(a)(4) general testing.
Determine options for correction and recommend best case scenario(s) for corrective actions to plan consultant for failed testing, including proactive changes in plan design.
Compile data and prepare government Forms 5500 (including schedules) and Forms 5330.
Address all issues brought to Milliman by plan sponsors and external partners in a timely and professional manner.
As needed, respond to client inquiries, resolve service issues and demonstrate a proactive solution-based approach to enhance client relations.
Demonstrate full understanding of clients and their plans. Develop in-depth understanding of each clients sensitivities, needs and objectives with respect to their benefit plans, especially as it relates to all testing, audits and compliance needs.
Monitor plan parameters and administrative operations to ensure compliance with plan document provisions, as well as applicable governmental rules and regulations.
Work with assigned Client Service Associates and/or clients to clean census data for purposes of nondiscrimination testing.
Monitor 402(g), 415 limits, plan-specific contribution limits and plan-level deductibility limits. Execute corrective measures.
Help to compile and balance financial information and prepare Schedule H attachment to Form 5500.
Project manage annual plan audits and act as primary contact with plan auditors during audits.
If needed, calculate and/or allocate employer contributions, profit sharing, match, match true ups, etc.
If needed, track minimum required distributions for the plan. Calculate distributions and communicate with plan participants as needed.
Manage diversification rules for qualified employer stock ownership plans.
Provide technical expertise to clients and Milliman team members.
Deliver the highest quality of service to clients, associates and management.
Demonstrate professional conduct within the team and with internal and external partners.
Respond to internal and external partners in a timely and professional manner.
Proactively communicate with all key stakeholders.
REQUIRED EXPERIENCE AND SKILLS
At least five years of experience in defined contribution industry.
Extensive experience in multiple aspects of administration, especially annual audits compilation and support, nondiscrimination and coverage testing, and government forms (e.g., 5500 and applicable schedules).
Knowledge of ERISA with the ability to keep current with the changing regulations/laws affecting retirement plans and DOL and IRS regulations.
American Society of Pension Professionals and Actuaries (ASPPA) designations of Qualified 401(k) Administrator (QKA) or commitment to work on designation immediately to complete within 24 to 36 months.
Highly desired is the ASPPA designation of Qualified Pension Administrator (QPA) or desire to work on this designation.
Attention to detail.
Strong communication skills (both written and verbal).
Able to productively respond to change.
Excellent organization and time management skills.
Omni experience a plus.
Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required: 2
Education Required: High School
Overnight Travel: None
Vacation Time: 3 weeks / year
Job Benefits:
Health/Dental Benefits, Retirement Benefits, Stock or Stock Options, Paid Holidays, Vacations, and Sick Leave, Life and/or Disability Insurance, Other Benefits
Company Profile:
Milliman employs more than 2,000 people working in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For more than 60 years, the firm has quietly earned a reputation for exceptional services, innovation and quality. Today Milliman is one of the nations most highly regarded providers of retirement plan services to the full spectrum of business, financial, government and union organizations.
Contact Information:
| Contact Name: Kim Mullen |
Company Type: Employer |
| Company: Milliman, Inc. |
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| City: Dallas |
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| State: Texas |
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| Zip: |
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Web Site: http://www.milliman.com
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