dcsimg

Career Story: 401(K) Adjustment Specialist

401(K) Adjustment Specialist

Job Title: 401(K) Adjustment Specialist

Type of Company: My company administers 401(k) record keeping.

Education: BS, Elementary Education

Previous Experience: I worked on the phones for an ESPP administrator. Then I moved to administering 401(k) plans which led to my current role as an adjustment specialists.

Job Tasks: On a daily basis I adjust errors in 401(k) plans. I have to adhere to IRS rules and regulations that govern such corrections. I also have to adhere to the trading rules and deadlines that apply to large corporations. Everything we do has to be audited and checked twice. This plays a part in the turn-around deadlines we have to adhere to as well. We need to build in time to allow the right information to be documented and properly time-stamped. This helps cut down on market gains and losses that can be caused by fixing the errors.

On a daily basis I have to adjust contributions to the plan and calculate earnings owed to participants.from time to time with outside consultants with ties to the Department of Labor and IRS to make sure we follow all the rules properly. This job is 40 hours and there is not too much travel involved during the good times and during the down market travel is not necessary.

Best and Worst Parts of the Job: The worst part of this job is the hours. It can be very stressful trying to get the tasks done in a timely manner. I also have hour restrictions on me to complete different tasks by a certain time of the day.

The best part of this job is the satisfaction of helping others. When you help someone fix something that was done wrong and caused a participant to lose money it is very satisfactory.

Job Tips: A great tip to have when starting a job in this field is to find your niche. There are many different parts to this industry and each person has a favorite. I happen to like talking to different client reps and helping provide them answers to better serve the customer.

Popular Schools offering Office Management Programs

quickinfoClick the Visit School Site buttons to go directly to a school's website and learn more about the school and programs it has to offer. School website will open in a new tab. .

Click the Request Info buttons to request more information from a representative at the school

Matching School Ads
San Joaquin Valley College
Delano, Hanford, Lancaster, Madera, Ontario, Temecula, Visalia

San Joaquin Valley College - A Private Junior College.

  • Programs: Certificate - Medical Office
  • Degrees: Certificate

You can advance your career with a degree from Charter College Online.

  • Programs: Certificate - Medical Office Administrative Assistant
  • Degrees: Certificate
Platt College
Alhambra, Anaheim, Ontario, Riverside

Turn your talents into a career at nationally recognized and accredited Platt College.

  • Programs: Medical Administrative Specialist
  • Degrees: Associate

As a student at South University, Online Programs you will receive the same quality instruction, variety of learning options and level of service found at the campus locations.

  • Programs: Accounting (BS to MS), Accounting (MS)
  • Degrees: Master

If you want to make the world a better place, start at the University of San Francisco. Our 21st-century mission to create a more humane and just world comes alive in our diverse learning community and is broadened by our global orientation. You are challenged to reach higher standards and to use your education to promote justice and serve the common good. At the University of San Francisco, youll find the excellence inherent in an institution established over 150 years ago, and inherent in nearly five centuries of Jesuit education.

  • Programs: Master of Public Administration
  • Degrees: Master

Regent University prepares students with the knowledge to excel and the faith to live with purpose.

  • Programs: Master of Public Administration, Master of Public Administration in Emergency Management and Homeland Security, Certificate in Public Administration, more...
  • Degrees: Master, Certificate

The Forbes School of Business® combines the power and flexibility of online learning with high-quality, topical Forbes content.

  • Programs: MA Accountancy - Audit, MA Accountancy - Accounting
  • Degrees: Master

Abilene Christian University is a national leader in Christian higher education and a place where students, faculty, staff and alumni make a real difference in the world.

  • Programs: Master of Business Administration - Marketing
  • Degrees: Master
California College San Diego
National City, San Diego, San Marcos

The Secret to Getting Ahead is Getting Started

  • Programs: Business Management & Accounting (AAS), Accounting (BS)
  • Degrees: Associate, Bachelor

Since 1977, Keiser University has provided quality student-centered, career-focused education.

  • Programs: Master of Science in Management
  • Degrees: Master
Matching School Ads

Additional Career Stories for Executive Secretaries And Administrative Assistants

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Executive Secretaries And Administrative Assistants, including:

Back to Top