Defined Contribution - Client Service Associate
Milliman, Inc. - Dallas, TX

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DESCRIPTION

The DC Client Service Associate will be responsible for working in a team environment, completing assigned tasks, and providing all aspects of plan administration to assigned clients.

DUTIES

  • Gain and develop thorough understanding of applicable IRS regulations as they apply to qualified retirement plans, including 401(k) plans
  • Maintain current knowledge of IRS code sections
  • Interpret the regulations applicable to administering qualified retirement plans
  • Data input and processing of plan transactions
  • Reconciliation of plan accounting to trust assets
  • Gain and develop full understanding of clients and their plans. Develop in-depth understanding of each client's sensitivities, needs, and objectives with respect to their benefit plans
  • Address all issues brought to Milliman by plan sponsors and external partners in a timely and professional manner
  • Respond to client inquiries, resolve service issues, and demonstrate a proactive solution-based approach to enhance client relations
  • Monitor plan parameters and administrative operations to ensure compliance with plan document provisions, as well as applicable governmental rules and regulations
  • Work with clients to "clean" census data for purposes of nondiscrimination testing
  • Monitor 402(g), 415 limits, plan-specific contribution limits and plan-level deductibility limits. Prepare required testing and execute corrective measures.
  • Prepares annual plan audits and government filings, and act as primary contact with plan auditors during audits
  • Calculate and/or allocate employer contributions, profit sharing, match, match true ups, etc.
  • Track minimum required distributions for the plan, calculate distributions, and communicate with plan participants
QUALIFICATIONS

  • Bachelor's degree, an emphasis in Accounting, Finance, or Mathematics preferred
  • Works well within a team environment and takes ownership of personal work product
  • Proficiency in Microsoft Office Suite
  • High attention to detail
  • Excellent problem solving skills
  • Strong communication skills (both written and verbal)
  • Able to productively respond to change
  • Excellent organization and time management skills
COMPENSATION
A competitive base salary, plus a performance-based incentives bonus tied to the overall business performance. The firm offers an outstanding and comprehensive benefits package.

ABOUT MILLIMAN
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 nation's most highly regarded providers of retirement plan services to the full spectrum of business, financial, government, and union organizations.

HIRING PRACTICES
Milliman is an equal opportunity employer and strongly supports both ethnic and gender diversity. All employment decisions are based strictly upon qualifications of the individual as related to the work requirements of the position. This policy is applied without regard to race, sex, color, religion, national origin, ancestry, age, handicap, veteran status, marital status, or sexual orientation.
  • Gain and develop thorough understanding of applicable IRS regulations as they apply to qualified retirement plans, including 401(k) plans
  • Maintain current knowledge of IRS code sections
  • Interpret the regulations applicable to administering qualified retirement plans
  • Data input and processing of plan transactions
  • Reconciliation of plan accounting to trust assets
  • Gain and develop full understanding of clients and their plans. Develop in-depth understanding of each client's sensitivities, needs, and objectives with respect to their benefit plans
  • Address all issues brought to Milliman by plan sponsors and external partners in a timely and professional manner
  • Respond to client inquiries, resolve service issues, and demonstrate a proactive solution-based approach to enhance client relations
  • Monitor plan parameters and administrative operations to ensure compliance with plan document provisions, as well as applicable governmental rules and regulations
  • Work with clients to "clean" census data for purposes of nondiscrimination testing
  • Monitor 402(g), 415 limits, plan-specific contribution limits and plan-level deductibility limits. Prepare required testing and execute corrective measures.
  • Prepares annual plan audits and government filings, and act as primary contact with plan auditors during audits
  • Calculate and/or allocate employer contributions, profit sharing, match, match true ups, etc.
  • Track minimum required distributions for the plan, calculate distributions, and communicate with plan participants

Milliman, Inc. - 12 months ago - save job - block
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