Retirement Plan Administration Specialist

Description:

Retirement Plan Administration Specialist Responsibilities

Customer Service

· Respond to questions from clients and referral sources in a timely manner

· Be an advocate for TSC in all interactions

Transaction Administration

· Accurately interpret plan documents to determine eligibility for participant transactions (e.g. loans, distributions, QDROs, etc.)

· Intake, review, process, and complete transactions in a timely manner

· Enter distribution information on required tracking lists and software (e.g. 1099-R, internal checklists, etc.)

· Calculate, prepare paperwork for, and process Required Minimum Distributions

Plan Administration

· Coordinate with other service providers (e.g. financial advisor, investment company, CPA, payroll, actuary, etc.)

· Continually develop and increase knowledge of retirement plan rules and regulations (attend webcasts, department meetings, pursue credentials, continuing education, etc.)

· Review team member’s distributions for accuracy

· Send required notices and distribution packages

· Process mandatory distributions

· Set up automatic rollovers for eligible participants

· Assist with requests from other TSC employees