Compliance Consultant, Newport

Overview

This role provides compliance testing, testing review, document support, and government forms preparation and review for highly complex retirement plan clients. The position helps ensure assigned plans remain tax qualified by meeting IRS and DOL reporting and testing requirements, including reporting on all accounting and financial activity for the plan. Technical training may also be provided.

Responsibilities

• Prepare and review non-discrimination tests, top-heavy testing, coverage tests, and 415 annual addition tests on the largest and most technically complex plans
• Perform complex testing on New Comparability plans, multiple employer plans, and other “high profile” plans
• Complete additional compliance testing as required (including 401(a)4) and may prepare, perform, or review more complex contributions
• Review legal plan documents and employee data to determine participant eligibility
• Coordinate year-end processing issues with Relationship Managers/Client Service Managers
• Assist with client calls as needed
• Lead process improvement projects following annual review of internal procedures by the Compliance Manager, incorporating upcoming tax law updates
• Assist with training on new processes
• Use technical skills and available tools to resolve compliance issues
• Work under pressure in a fast-paced environment with a high degree of urgency and accuracy
• Support continuous learning in everyday work activities and events
• Collaborate with colleagues and openly share knowledge
• Present information and respond to questions from managers, clients, and internal customers
• Perform other duties as assigned related to the essential operation of the department
• Maintain regular, reliable, and punctual attendance
• Proactively adopt, protect, and embrace emerging technologies (AI, automation, etc.), platforms, and evolving practices

Requirements

• Bachelor’s degree in business-related field, or a combination of education and industry experience
• 6+ years of progressive plan experience in a third-party administration environment, including experience preparing, reviewing, and explaining qualified plan compliance testing and government forms filing
• Demonstrated experience in controlled groups, cross testing, catch-up contributions, and other technical topics
• Advanced level of Excel
• Advanced knowledge of retirement plan tax law (ERISA), including Revenue Code sections 401, 401(a)(4), 416, 414(b), (c), (m), (n), and others
• Strong mathematical aptitude, including detailed financial reconciliation and data analysis

Preferred Qualifications

• QKA or QKC designation

Competencies

• Analytical
• Avid Learner
• Builds Collaborative Relationships
• Commitment to Excellence
• Customer Oriented
• Detail Oriented
• Excellent Verbal and Written Communication Skills
• Information Seeker
• Planning and Organizing
• Resourceful
• Team Player
• Thoroughness
• Time Management

Compensation & Benefits

• Not specified in the provided job description

Location

• Newport

Travel

• Up to 5%

Other Information

• This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required for the role. Duties may change at any time with or without notice.
• Employment fraud notice: All email communications from the employer or hiring managers originate from @ascensus.com or @futureplan.com email addresses. The employer will never ask for payment or require purchase of equipment. If a job posting is suspected to be invalid, apply directly through the employer’s website.