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Become A Plan Administrator

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Working As A Plan Administrator

  • Interacting With Computers
  • Getting Information
  • Identifying Objects, Actions, and Events
  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Repetitive

  • $70,050

    Average Salary

What Does A Plan Administrator Do At Bae Systems

* Regularly scheduled reports review regularly scheduled reports (weekly, monthly quarterly) timely and identify any corrective steps if necessary.
* Work with appropriate teams/vendors on any corrective actions and follow through completion.
* Think strategically and see how parts interact with the big picture
* Compliance managing the nondiscrimination testing process; assisting with annual plan audit work including testing and vendor management; responding to DCAA audits; responding to subpoenas and research for QDRO matters; comply with internal policies, procedures and requirements
* Case management point of contact for Resource Center and vendor partners for escalated participant issues; maintain and respond to general retirement emails and correspondence
* Employee relations point of contact for employees, Human Resources Business Partners and vendors on participant issues; maintain and respond to 401(k) and pension inquires
* Systems understanding and aiding Payroll regarding participant deferral adjustments and corrections; meet regularly with vendor partners to discuss and resolve issues, upgrades and system changes; be directly involved with PeopleSoft testing, earnings codes and system requirements; work with eligibility files for carrier feeds
* Communications prepares articles and communication pieces for internal publication; review edit and assist with external publications and communications; provide analysis, insight and suggestions for continued improvement and opportunities for participant education and retirement programs; present and lead discussions surrounding retirement education in company forums
* Pension analyze data reports and manipulate large data files
* Other ability to prepare periodic reconciliations of financial transactions and accounts;establish project plans, regularly monitor and track progress on work projects, and communicate with project partners;
* Plan document the ability to interpret and provide opinion on said language; communicate the terms of the Plan effectively.
* Projects be involved in cross functional projects (Health and Welfare, Finance, Payroll, etc.) in both lead and support roles

What Does A Plan Administrator Do At John Hancock

* The Plan Administrator is responsible for the timely and accurate processing of daily participant transaction activity for Defined Contribution Retirement Plans.
* Specific Duties and Responsibilities (may vary):
* Timely and accurately process plan participant transactions (distributions, rollovers, Qualified Domestic Relations Orders)
* Review and reconcile client contribution and loan repayment files
* Work directly with clients to coordinate payroll funding and to resolve any payroll related questions or issues
* Analyze and process client indicative files to ensure accurate eligibility and rehire tracking
* Reconcile quarterly/annual statements; ensure they are correct and ready for mailing
* Research and respond to call center research requests
* Generate client specific reports as required
* Identify trends in transaction processing and address them with Client Service Managers
* Facilitate the reject process for participants who submit inaccurate or incomplete requests
* Demonstrate full understanding of plan administration
* Monitor work queue on a daily basis to ensure all transactions are processed within service standards
* Administration / Operations
* Responsible for the timely and accurate completion of all recordkeeping transactions in accordance with NYLIM service standards and timeframes including client specific service standards as outlined in Service Agreement if applicable; associates in this position will be responsible for doing a quality check on their peers processing
* Ensure accurate and timely delivery of plan reporting to client including weekly activity reports, quarterly / annual participant statements, quarterly / annual plan level reporting, ad-hoc reports, and tax reporting - demonstrates a clear understanding of the data being reflected
* Research / resolve all recordkeeping and plan administration issues in a timely, cost effective, professional manner
* Coordinate with other departments as necessary to respond to special request and problem resolution on an ongoing basis
* Identify / implement opportunities for increased operational efficiencies
* Communication and Documentation
* Responsible for interfacing with clients and internal associates and regarding systems and processing issues, concerns
* Present oral and written information in a clear, concise, and organized manner
* Maintain client files according to department standards, and update documentation as needed
* Miscellaneous
* Display a positive outlook, works well in team environment, is willing to share information, remains flexible in a changing environment and performs additional duties as needed
* Participate in ongoing training
* Identify additional areas of training to improve customer service, quality and efficiency

What Does A Plan Administrator Do At Bank of The West

* Performs strategy formulation, development, implementation, and evaluation to advance the operational success of the Group.
* Identifies desired results and provides forecasting / development for achievement of those results.
* Develops proposals for, or refinements of, and advocates for an integrated strategic planning process; helps implement and further refine the approved
* process.
* Analyzes strengths and weaknesses and external opportunities and threats; establishes long‐term organizational objectives and strategies to achieve
* these objectives.
* Develops supporting action plans and key performance indicators (KPIs) to track progress, recommends allocation of resources to work toward
* objectives, monitors deployment of approved resources (such as capital, labor and equipment, including technology) and facilitating mechanisms (such
* as motivation and deployment of personnel, condition of management information and financial systems vis‐à‐vis strategic support), and
* reviews/refines strategies and implements corrective actions.
* Monitors changing environmental and external factors, technology trends in financial services and other industries and other key external factors to assess external opportunities and threats in terms of current/future business and technology strategies.
* Reviews, and recommends improvement of business plans and operations; this includes assessment of organizational readiness for, and exercise of,
* operational agility and flexibility

What Does A Plan Administrator Do At Northrop Grumman

* Coordinate all phases of the procurement strategy from initiation of the supplier strategy in the capture/proposal phase through material/service execution/delivery/close-out.
* Manage daily material requirements to ensure validity, meet cost targets, achieve timely order placement and drive on-time delivery.
* Communicate design and scope changes that impact material requirements.
* Expedite supplier procedure approvals and other technical requests.
* Ensure the procurement BOM integrity, understand the individual part requirements, know the cost targets, know the schedule requirements, know the procurement status of each part and communicate all to the stakeholders.
* Prepare accurate EACs.
* Prepare accurate material receipts forecasts.
* Prepare briefs to management for proposals and EACs.
* Ensure supplier's compliance to contractual flow-downs, terms and conditions, contractual requirements, specifications and drawings.
* This position can be hired at either a level 3 or a level 4._
* Basic Qualifications for Level 3:
* Bachelor's Degree with 6 years of subcontract and/or supply chain administration or a Master’s degree with 4 years.
* Must be able to obtain and maintain a DoD Secret Clearance.
* US Citizenship required.
* Basic Qualifications for Level 4:
* Bachelor's Degree with 10 years of subcontract and/or supply chain administration and supplier management experience or a Master’s degree with 7 years.
* Must be able to obtain and maintain a DoD Secret Clearance

What Does A Plan Administrator Do At Kforce

Process timecards and worksheets

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How To Become A Plan Administrator

Most employers require network and computer systems administrators to have a bachelor’s degree in a field related to computer or information science. Others may require only a postsecondary certificate.

Education

Although some employers require only a postsecondary certificate, most require a bachelor’s degree in a field related to computer or information science. There are degree programs that focus on computer network and system administration. However, because administrators work with computer hardware and equipment, a degree in computer engineering or electrical engineering usually is acceptable as well. Programs in these fields usually include classes in computer programming, networking, or systems design.

Because network technology is continually changing, administrators need to keep up with the latest developments. Many continue to take courses throughout their careers and attend information technology (IT) conferences to keep up with the latest technology. Some businesses require that an administrator get a master’s degree.

Licenses, Certifications, and Registrations

Certification programs are generally offered directly from vendors or from vendor-neutral certification providers. Certification validates knowledge and best practices required from network and computer systems administrators. Companies may require their network and computer systems administrators to be certified in the product they use. Microsoft and Cisco offer some of the most common certifications.

Other Experience

To gain practical experience, many network administrators participate in internship programs while in school.

Advancement

Network administrators can advance to become computer network architects. They can also advance to managerial jobs in information technology (IT) departments, such as computer and information systems managers.

Important Qualities

Analytical skills. Administrators need analytical skills to evaluate network and system performance and determine how changes in the environment will affect them.

Communication skills. Administrators must be able to describe problems and their solutions to non-IT workers.

Computer skills. Administrators oversee the connections of many different types of computer equipment and must ensure that they all work together properly.

Multitasking skills. Administrators may have to work on many problems and tasks at the same time.

Problem-solving skills. Administrators must be able to quickly resolve any problems that arise with computer networks.

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Plan Administrator jobs

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Real Plan Administrator Salaries

Job Title Company Location Start Date Salary
Director, Stock Plan Admin. & Compensation Complia Activision Publishing, Inc. Santa Monica, CA Sep 11, 2012 $146,000
Systems Planning/Administration Engineer II Amazon Corporate, LLC Seattle, WA Mar 10, 2016 $127,000
SR. Manager, Stock Plan Administration Activision Publishing, Inc. Santa Monica, CA Sep 01, 2012 $122,238
Enterprise Resource Planning Administrator 3 Capgemini America Inc. Phoenix, AZ Sep 14, 2016 $110,000
Manager, Global Mobility & Stock Plan Administration Jones Lang Lasalle Americas, Inc. Chicago, IL Apr 21, 2016 $100,506
Cognos Planning Administrator Kforce Inc. Oakland, CA Sep 01, 2009 $98,089 -
$125,220
Senior Corporate Planning Administrator/Project LE Konami Gaming Inc. Las Vegas, NV Dec 13, 2013 $94,066
Financial Planning Administrator The Los Angeles Times Los Angeles, CA Jul 31, 2011 $93,642
Stock Plan Administrator (Accounting Group) ICF Incorporated, LLC Fairfax, VA May 02, 2011 $93,018
Smart Plan Suite Administrator SK E and C America, Inc. Houston, TX Jun 03, 2013 $88,670 -
$110,000
Smart Plan Suite Administrator SK E and C USA, Inc. Houston, TX Apr 15, 2013 $88,670 -
$110,000
Enterprise Resource Planning Administrator 2 Capgemini America Inc. San Jose, CA Oct 20, 2016 $87,700
Enterprise Resource Planning Administrator 3 Capgemini America Inc. Jersey City, NJ Sep 23, 2016 $87,300
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Houston, TX Mar 10, 2016 $77,800
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Stow, MA May 10, 2016 $77,100
Enterprise Resource Planning Administrator 3 Capgemini America Inc. Oak Brook, IL Sep 29, 2016 $76,800
Enterprise Resource Planning Administrator 3 Capgemini America Inc. OFallon, MO Aug 26, 2016 $76,800
Systems Planning Administrator/Engineer Quidsi, Inc. Jersey City, NJ May 22, 2013 $74,000
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Cary, NC May 10, 2016 $72,000
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Stow, MA Aug 19, 2016 $68,500
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Cincinnati, OH Apr 10, 2016 $65,300
Component Planning/Erp Administration Nv Perricone LLC San Francisco, CA Dec 28, 2015 $65,000
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Phoenix, AZ May 10, 2016 $64,200
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Milwaukee, WI May 10, 2016 $62,800
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Cary, NC Aug 19, 2016 $60,000
Enterprise Resource Planning Administrator 2 Capgemini America Inc. Milwaukee, WI Aug 09, 2016 $60,000

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Top Skills for A Plan Administrator

PlanComplianceFinancialReportsKPayrollIRSCustomerServicePlanDocumentsStockOptionExternalAuditorsEquityEdgePurchasePensionPlansRetirementPlanAdministrationHRResourceErisaContributionPlansBenefitPlansPlanParticipantsEspp

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Top Plan Administrator Skills

  1. Plan Compliance
  2. Financial Reports
  3. K
You can check out examples of real life uses of top skills on resumes here:
  • Collaborated with Fidelity Investments regularly regarding Plan compliance issues and the day to day Plan administration.
  • Configured and Designed Reports within Financial Reports.
  • Worked with electronic applications that provide controlled access to maintenance operation job plans.
  • Created around 100 business rules related to the payroll, revenue, workforce, Capital expenditure, Balance.
  • Counseled the Financial Representative and employer on IRS regulations to ensure the retirement plan remained in compliance.

Top Plan Administrator Employers