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Pension consultant skills for your resume and career

Updated January 8, 2025

2 min read

Below we've compiled a list of the most critical pension consultant skills. We ranked the top skills for pension consultants based on the percentage of resumes they appeared on. For example, 19.1% of pension consultant resumes contained calculation as a skill. Continue reading to find out what skills a pension consultant needs to be successful in the workplace.

15 pension consultant skills for your resume and career

1. Calculation

Here's how pension consultants use calculation:

Reviewed pension benefit calculations and answered administration questions for temporary and full-time staff and corresponded with plan participants regarding benefit concerns.
Performed defined benefit pension calculations and acted as retirement specialist to communicate entitlement information under various benefit programs available to participants.

2. Plan Administration

Here's how pension consultants use plan administration:

Conducted all facets of plan administration and annual compliance testing of qualified plans.
Provide timely follow-up and resolution to questions and issues relating to plan administration, performing pension estimates and calculations.

3. ERISA

Here's how pension consultants use erisa:

Reviewed court orders and related legal documents to ensure compliance with applicable IRC provisions, ERISA, and qualified plan requirements.
Researched and compiled documents to assist senior legal counsel specific to ERISA litigation.

4. Government Filings

Here's how pension consultants use government filings:

Performed benefits calculations, government filings, and other defined benefits administration services for 8+ clients simultaneously.
Drafted SPD's, prepared government filings and calculated PBGC premiums.

5. Plan Provisions

Here's how pension consultants use plan provisions:

Enrolled participants in accordance with their retirement plan provisions.
Researched complex participant benefit issues and formulated resolutions/recommendations by analyzing fact patterns and applying plan provisions and best practices.

6. Plan Design

Plan design refers to preparing a benefits, insurance, or transportation plan for a specific person. Depending on what a company is able to offer to an employee, a different benefits or insurance plan may need to be created. This may require additional data research in order to determine what an employee may require from company benefits.

Here's how pension consultants use plan design:

Consulted with 401(k) plan sponsors on plan level issues, including plan design, amendments and testing corrections.
Provided compliance/technical support to Regional Sale Directors on plan design, contract language, and legislative issues.

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7. Pension Administration

Here's how pension consultants use pension administration:

Consulted with clients on legislative changes and best practices affecting pension administration and ensured compliance of services with plan document requirements.
Project manage the implementation of one of the largest administration clients in WTW Pension Administration Group Boston office.

8. IRS

IRS stands for internal revenue services. It helps many compliant taxpayers become conversant with the law regarding taxes; it ensures the minority who refuse to comply with paying taxes pay the required amount.

Here's how pension consultants use irs:

Assured that business units were administering and adhering to IRS regulations regarding regulatory compliance related to Individual Retirement Accounts.
Determined and peer reviewed IRS required minimum and maximum deductible contributions for qualified defined benefit plans.

9. DOL

Here's how pension consultants use dol:

Administered 401k plan benefits and perform annual audits of timely payments in accordance with DOL.
Maintain knowledge of IRS and DOL regulation changes that may impact the benefit plans.

10. ASC

An Ambulatory Surgery Center, ASC is a modern healthcare facility that is completely different from other healthcare facilities or hospitals whose primary goal is to provide same-day elective diagnostic, preventive, and surgical care. ASC offers affordable services and a comfortable environment that is less stressful than many hospitals can offer.

Here's how pension consultants use asc:

Administered 175+ defined benefit and defined contribution plans using ASC software.
Pension Administrator Continue service to MFZ clients Streamlined data base to CATTS software Upgraded retirement plans to ASC Pension software

11. Legislative Changes

Here's how pension consultants use legislative changes:

Conducted seminars on Legislative changes.
Stayed abreast of legislative changes, plan trends, and fiduciary and operation best practices.

12. Discrimination Testing

Here's how pension consultants use discrimination testing:

Analyzed bugs for internal non-discrimination testing system and Microsoft Access programs.
Calculated DB/DC plan contributions and performed nondiscrimination testing.

13. Plan Sponsors

Here's how pension consultants use plan sponsors:

Provided retirement services to plan sponsors and their retirees including quotations, processing new retirements, and beneficiary services.
Worked closely with plan sponsors on developing and defining plan rules, increasing overall efficiency and work flow.

14. Compliance Issues

Compliance issues are where people or businesses breach their legal obligations in a country or region where they operate or live. Some of the compliance issues that businesses face may be in regard to wage and overtime regulations and IRS audits. They may result in legal recourse by stakeholders like employees.

Here's how pension consultants use compliance issues:

Evaluate takeover plans, identify compliance issues, and coordinate transition of data and communicate effectively with client.

15. HR

HR stands for human resources and is used to describe the set of people who work for a company or an organization. HR responsibilities revolve around updating employee records and carrying out management processes like planning, recruitment, evaluation, and selection processes. HR is a key contributor to any company or organization's growth as they are in charge of hiring the right employees, processing payrolls, conducting disciplinary actions, etc.

Here's how pension consultants use hr:

Consulted with retirement plan HR personnel and plan participants regarding account information and other client service relationship needs.
Coordinated directly with the client and senior management both on HR and Treasury side.

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What skills help Pension Consultants find jobs?

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List of pension consultant skills to add to your resume

The most important skills for a pension consultant resume and required skills for a pension consultant to have include:

Calculation
Plan Administration
ERISA
Government Filings
Plan Provisions
Plan Design
Pension Administration
IRS

DOL
ASC
Legislative Changes
Discrimination Testing
Plan Sponsors
Compliance Issues
HR
Minimum Distributions

Adp
Acp
CPA
Qdro
Tax Filings
SAR
Administrative Services
PPA

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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