Newport Group has a great opportunity for an Administrator in our ESOP group. The ESOP Administrator will be responsible for reviewing census information and determination of eligibility, reconciliation of trust asset, compliance testing under code sections 404, 415, 410(b), and 416, allocation of employer contributions and posting of other participant activity to individual accounts and preparation and review of Form 5500 and related schedules
S/he will update all information into recordkeeping system, allocate investment gains/losses, allocate employer contributions and forfeitures, and balance summary of accounts to trust assets.
Bachelor’s degree or equivalent of related experience in the administration of retirement plans
ASPPA designation a plus
Experience in Relius a plus
Excellent written and oral communication skills.
Proficient using Excel, Word, PowerPoint, and Adobe
Must have strong analytical, problem solving and organizational skills
Must have a demonstrated track record of consistently meeting and/or exceeding performance expectations with the ability to work under pressure in a very fast paced environment
Newport Group helps companies offer their employees a more secure financial future
We are a leading provider of retirement plans, insurance, and consulting services—with more than $150 billion of corporate retirement and insurance assets, encompassing over 925,000 plan participants from coast to coast. We are committed to meeting the evolving needs of our advisors and plan sponsors while adhering to our most important attributes.
It’s All About You
You have goals, we get that.
That’s why, when you join our team we encourage you to strengthen your knowledge by offering professional certification programs and memberships to industry-relevant educational organizations. By utilizing these opportunities – as well as our tuition reimbursement and other training programs – you not only strengthen your skill set, you become more valuable. Then it’s our job to ensure that we recognize that value by providing you career advancement opportunities within our organization.
We believe that a business succeeds when employees have the tools to grow in their careers.