KHUSI LOHAR

Experienced retirement services professional with in-depth knowledge of the U.S. retirement industry, including 401(k), Self-Directed Brokerage Accounts (SDBAs), and IRS reporting (1099-R). Skilled in plan administration and audit

• Administered and maintained 401(k) retirement plans for corporate clients in compliance with IRS and DOL regulations.
• Processed contributions, loans, distributions, and rollovers with a focus on accuracy and timeliness.
• Prepared and reviewed IRS Form 1099-R for retirement distributions, ensuring compliance with federal and state tax regulations.
• Verified distribution codes, withholding amounts, and taxable portions in accordance with IRS guidelines.
• Coordinated year-end reporting processes, including e-filing and mailing 1099-R forms to plan participants.
• Researched and resolved discrepancies or corrections (e.g., 1099-R amendments and reissues).
• Maintained knowledge of current IRS rules related to qualified plans, early withdrawals, rollovers, and required minimum distributions (RMDs).
• I have been involved with the SDB retirement process (likely referring to Self-Directed Brokerage (SDB) accounts within retirement plans like 401(k)s),
• Managed the setup, processing, and maintenance of Self-Directed Brokerage (SDB) accounts within qualified retirement plans (e.g., 401(k), 403(b)).
• Coordinated participant requests to transfer assets to and from SDB accounts in accordance with plan rules and brokerage firm requirements

• Company Overview: Aurthur J Gallagher & CO
• I worked into Insurance process mid-market Activity handling Request forms from Canada clients.
• I was also responsible for sub-process called Policy Update, SOC and Epic Update for Canada clients.
• I was also responsible for Resolving TAT (Turnaround Time) issues. Ensures Timely Resolving of the same because our TAT was 24 hours.
• In addition, I had a responsibility of making monthly and sometimes quarterly reports for my team, which was helping for my lead and managers a lot.
• Aurthur J Gallagher & CO