• Retirement Plan Administrator

    Location US-MS-Jackson
    Posted Date 1 month ago(6/18/2018 11:33 AM)
    Job ID
    Wealth Management
    Regular Full-Time
    Job Grade
    FLSA Status
    Working Hours
    8am - 5pm
    Job Location: Company
    Retirement Plan Services - 10142
  • Overview

    The purpose of this job is to ensure that Trustmark’s client base of retirement plans meets the compliance and regulatory requirements of the Employee Retirement Income Security Act of 1974 (ERISA) as enforced by the Department of Labor and Internal Revenue Service.  This position is responsible for the resolving high level problems or complaints from Plan Sponsors or Participants involving all Retirement Plan Specialists.  This position is responsible for the oversight of complex retirement plan administration, including the assignment of new business opportunities to members of the staff, managing internal controls documentation, ensuring compliance with SAS-70 requirements including appropriate testing, and keeping the staff abreast of the ever changing regulations, compliance testing and administrative applications.  The position also provides consulting and plan design support to the sales staff and maintains a book of business of retirement plan administration.


    • Performance of plan administration (a specialized accounting function) for a significant book of business, including asset reconciliation, compliance testing, census analysis for participation eligibility, required reporting to regulatory agencies, plan sponsors, and plan participants and plan design issues discussed with plan sponsors.  Maintain client contact to promote Trustmark’s specialized retirement team approach.
    • Supervise and provide ongoing support and oversight for the day-to-day operations of the Recordkeeping division of Retirement Plan Services, including:
    • Plan documents – plan design and document origination for new plans, plan amendments for existing plans,
    • Plan start-ups and plan conversions for new business
    • Testing of Plan compliance, plan asset reconciliation, plan operations, and regulatory reporting to the Internal Revenue Service, Department of Labor, plan sponsors and plan participants
    • Providing assistance and training to staff when necessary to maintain appropriate compliance within a constantly changing legislative atmosphere
    • Assignments of support to sales staff for plan design and compliance education to promote new business (both new plans and takeover plans)
    • Perform reviews of plan administration for other Record keepers to ensure that all work is accurately prepared and reported.  Make certain that established review procedures are carried out.
    • Provide support to sales team by participating in sales calls, offering plan design and compliance directives and promoting our retirement plan services team.  When plan is sold, assist with the initial plan set-up or conversion of existing plan and plan assets.
    • Follow regulatory changes and directives and their applications by reviewing daily publications online as well as utilizing various research tools to which we subscribe so that Trustmark’s plans maintain their compliance.  Make sure staff is kept informed of changes so that their work is also compliant.
    • Serve as management’s liaison to external auditors and bank regulatory agencies such as Department of Labor and Internal Revenue Service, SEC, OCC and SAS-70 auditors.



    • Strong knowledge of ERISA rules and regulations as dictated by the Internal Revenue Service and Department of Labor
    • General knowledge of investments and investment related topics
    • Strong knowledge of banking, SEC, DOL, IRS, FDIC and securities industry requirements, regulations, and laws
    • Advanced communication skills (verbal and written)
    • Ability to communicate effectively with clients and all levels of management
    • Ability to interpret Internal Revenue Service and Department of Labor codes and regulations and relay information to internal and external clients
    • Strong project management skills
    • Time management skills
    • Ability to lead others and to work independently with minimal supervision
    • Leadership skills
    • Ability to utilize investment knowledge and sound judgment to assist clients with reaching retirement goals
    • Advanced analytical skills
    • Proficiency in Microsoft Office applications
    • Four-year college education (finance, accounting, business administration, or other business related field)
    • Minimum of five (5) + years of experience in Retirement Planning Arena


    • Ten (10) + years of experience in Plan Design, Compliance, and Accounting


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