Management Trainee
Genpact
0 - 3 years
Bengaluru
Posted: 4/15/2025
Job Description
Responsibilities
Demonstrate a solid understanding of various retirement plans such as 401(k), 403(b), 457, and stay updated on relevant regulations affecting the retirement business.
Maintain accurate contribution records for retirement participants enrolled in the allocated plan, ensuring compliance with regulatory requirements and plan guidelines.
Assist plan sponsors with the administration of their retirement plans, including tasks such as contribution calculation, non-standard trading, participant financial activity, and other complex record-keeping functions.
Ensure that retirement plans adhere to all regulatory requirements, including IRS regulations, ERISA guidelines, and plan documents.
Coordinate with financial institutions and service providers to ensure timely and secure distribution of retirement benefits.
Manage participant enrollment processes, including verifying eligibility, processing enrollment forms, and updating participant information as needed.
Monitor service providers, investment managers, and other third parties to ensure compliance with fiduciary responsibilities.
Address participant inquiries regarding contribution limits, eligibility requirements, and retirement planning resources
Assist with investment management activities, such as fund transfers, rebalancing, and implementing investment changes.
Monitor investment performance and provide support in evaluating investment options.
Facilitate participant loan requests, ensuring compliance with plan rules and regulatory requirements.
Conduct regular compliance reviews to ensure adherence to plan documents, IRS regulations, and other applicable laws.
Communicate with plan sponsors, participants, and other stakeholders to address inquiries, resolve issues, and provide updates as needed.
Maintain positive relationships with clients and ensure high levels of satisfaction with services provided.
Maintain accurate records of participant transactions, contributions, distributions, and other activities.
Generate and distribute periodic statements, reports, and compliance filings as required & identify and address any compliance issues promptly and effectively.
About Company
Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.
Services you might be interested in
One-Shot Campaign
Reach out to ideal employees in one shot!
The intelligent campaign for reaching out to the ideal audience to whom you can ask for help (guidance or referral).