Job Details
Job Location
Corporate Office – Boca Raton, FL
Remote Type
Fully Remote
Education Level
2 Year Degree
Salary Range
$21.15 – $24.75 Hourly
Job Category
Legal Admin
Description
While this position is fully remote, we are only registered and can proceed with qualified candidates who reside in the following states: AL, AZ, FL, GA, IL, MA, MI, MS, NJ, NC, OH, OK, TN, TX
About Us:
Slavic401k is an innovative leader in retirement services and a top provider of 401(k) plans to more than 12,000 employers and 250,000 employees across the U.S. With over $10B in assets under management and growing, Slavic401k is one of the fastest growing 401(k) providers in the U.S. Established over 35 years ago by current president and CEO John Slavic, Slavic401k specializes in multiple employer 401(k) plans and have built our business around providing a 401(k)-administration platform that is custom-tailored to the meet the unique needs of PEOs, associations and service bureaus.
Our participant-investors have entrusted us with a significant portion of their earnings — a portion of their work — and therefore a portion of their livelihood. Our stewardship of that livelihood is something we don’t take lightly, and that’s why words like honesty, transparency, integrity & fairness are spoken regularly within our walls.
We’re transforming the retirement savings industry and are looking to bring on talented professionals’ diverse perspectives. We foster a working environment that generates new ideas, promotes ownership and experimentation and encourages highly motivated individuals to be truly creative.
Slavic401k is proud to offer our associates an enriched benefit package including PTO and paid time off to serve within your community, health, dental, vision, life Insurance, short term disability, educational assistance, paid parental leave and 401k with a structured company match. Whether you are starting your career or looking to advance in your profession, we encourage you to join our team of associates at Slavic401k.
Job Description
Job Title: Plan Transfers Specialist I
Department: Plan Transfers
FLSA Status: Non-Exempt (Hourly) Job Status: Full Time
Reports To: Plan Transfers Manager Positions Supervised: n/a
Work Schedule: Monday Friday with flexible working hours between 7:30a 6:30p
Position Summary
The Plan Transfers Specialist provides administrative support to Clients as they transfer 401(k) plan service from a previous third-party administrator (TPA) to a new 401(k) provider. Primarily managing the distribution process for legal merger documents, due diligence review of prior plan documents, gathering and reviewing data on plan specifications, and notifying internal departments of plan mergers.
Essential Functions
- Draft and email legal merger documents to Clients, including a Board Resolution to merge plans, Merger Agreement, Letter of Instructions to Vendors, and plan enrollment forms.
- Manage the distribution of Department of Labor obligated 30-day Blackout Notices for all 401(k) participants transferring into Company administration.
- Provide notice to the Professional Employer Organization (PEO) regarding the receipt of a transfer request from the Client.
- Code plans in Relius with blackout information and notify affected internal departments via email.
- Manage assigned transfer-in and transfer-out caseload via SIMIS and Salesforce updating and notating, as needed.
- Respond to calls/emails received from the new or prior TPA provider for matters pertaining to plan administration.
- Communicate via email or phone with clients (internal and external) regarding the transfer-in and transfer-out process.
- Coordinate the receipt of a clients prior 401(k) plan documents via email or fax from the Clients prior third-party administrator (TPA).
- Perform due diligence review of the prior Adoption Agreement, Summary Plan Description, Basic Plan Document, and Compliance Testing results to ensure IRS compliance standards are met.
- Gather data on names, source types, and fund amounts for a final accounting file received by the Clients new TPA provider.
Qualifications
Skills & Abilities
- Strong communication skills, both written and verbal.
- Demonstrated knowledge of Microsoft Office (Word, Excel, and Outlook).
- Acute attention to detail.
- Diligent follow-thru on core processes.
- Ability to efficiently organize and prioritize tasks in a fast-paced environment.
Experience
- 1-2 years of financial services, administrative, and/or paralegal experience or similar role.
- 401(k) industry experience highly preferred, but not required.
- CRM experience, preferably Salesforce.
- Microsoft excel experience preferred, but not required.
Education
- Currently working toward or a recent graduate of a bachelors degree program.
- Or equivalent combination of education and experience.
Certificates & Licenses
- ASPPA Retirement Plan Fundamentals (RPF) I within 6 months of hire
Working Environment
- Extended sitting and computer work.
- For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual workspace. Additionally, there is an internet work speed requirement of 100 MBps or better. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying as adequate home work environment and the required internet connection is a non-negotiable requirement of remote employment.
The Power of WE
WE serve the individual saver and investor, know that their savings represents not only money, but the time it took to earn that money, which is forever gone. WE will prudently, cost-effectively and efficiently safeguard and invest that money for a better future for all we serve.
WE are guided by core principles of honesty, accountability, and transparency. Consequently, we are always looking to do the right thing.
WE will treat every customer and colleague with respect and dignity. WE will exhibit humility both as individuals and as a corporate entity.
What’s in it for you Package
This role will have a base pay range of $21.15-24.75/hour. Please know, this is the base range only and does not consider other components that make up the total rewards package for this role. This position is also eligible for an annual performance bonus.
Other perks in the total rewards package are:
• Flexible work environment
• Participation in Personal Annual Performance Bonus incentive program
• Medical, Dental, Vision, and Life Insurance
• 75% employer coverage of Medical Premiums
• Retirement Savings – 401(k) plan with generous company match, vested after 2 years
• Tuition Reimbursement up to $5,250/year
• Generous Paid Time Off upon hire – plus quarterly Work/Life Balance days and paid holidays
• Paid Parental Leave
• Voluntary Pet Insurance, Lifelock and More!
• 24/7 no-cost Employee Assistance Program (EAP)
Slavic401k is an Equal Opportunity Employer
Slavic 401k is an equal opportunity employer with a commitment of inclusion for all qualified candidates. Slavic401k strictly prohibits unlawful discrimination based upon an individual’s race, color, religion, gender, sexual orientation, gender identity/expression, national origin/ancestry, age, mental/physical disability, medical condition, marital status, veteran status, or any other characteristic protected by law.