Non-Qualified Plan Specialist
Job Summary / Introduction
We are seeking a Non-Qualified Plan Specialist to join our team. In this role, you will be responsible for managing non-qualified deferred compensation relationships and overseeing the daily administration of assigned accounts. You will ensure that plans remain compliant with regulations, assist clients with participant elections, distributions, and reporting, and resolve any issues that arise. Working closely with clients and internal teams, your role will be essential in ensuring smooth operations and regulatory compliance.
Skills & Experience
- 5+ years of extensive experience with non-qualified plans under IRC 409A, 457(b), 457(f), 415(m), and SERP plans.
- Strong writing and communication skills.
- Ability to effectively engage with plan sponsors, attorneys, and consultants.
- Well-organized, self-starter who can analyze problems, develop solutions, and execute plans.
- Proficiency in Microsoft Office applications, particularly Outlook, Word, Excel, and Adobe Acrobat.
- Specialized certifications such as Nonqualified Plan Consultant (NQPC™) are a plus.
Detailed Job Description
- Plan Administration: Oversee the day-to-day operations of non-qualified deferred compensation plans, including payroll monitoring, participant enrollments, distributions, and regular reviews.
- Regulatory Compliance: Ensure that all plans are compliant with regulatory requirements, including IRC 409A, 457(b), 457(f), 415(m), and SERP plans.
- Client Interaction: Serve as a liaison between plan sponsors and participants, providing education, answering questions, and addressing concerns.
- Documentation and Reporting: Assist with generating reports and maintaining accurate documentation for plan operations.
- Process Improvement: Collaborate with management to identify and implement process improvements for enhanced team efficiency and customer experience.
- Team Collaboration: Work closely with other internal teams to provide quality reviews of administrative tasks and ensure that all necessary data is collected for reporting purposes.
- Project Support: Assist with special projects related to business or regulatory changes as needed.
