Compliance Specialist IV - TPA/DPS

Overview

This role is responsible for preparing compliance and government filings in accordance with service standards, monitoring team workloads to ensure timely and accurate deliverables, and mentoring and training team members. The position also supports the development of new processes and tasks.

Responsibilities

• Prepare compliance tests and year-end packages, including:
  • Review of plan eligibility requirements and determination of eligible participants
  • Review of plan allocation conditions and calculation of requested contributions and forfeiture allocations
  • ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, and 410(b) coverage tests
  • Self and peer review as needed
• Maintain working knowledge of plan designs and allocation options, including:
  • 401(k), 403(b), Davis Bacon, MEPs, PEPs
  • Balance forward valuations
  • Defined benefit and cash balance combo plans
• Prepare, review, and publish regulatory forms required, including:
  • Form 5500, Form 5330, Form 8955-SSA, and other required regulatory forms
  • Reconcile and prepare Form 5500 and applicable schedules for large filer plans
  • Assist Plan Consultants with auditor questions
• Research and resolve testing and Form 5500 issues and questions, which may include collaboration with other departments
• Assist and mentor team members with complex issues and questions
• Work with managers to develop processes and implement best practices to ensure a standard level of service
• Prepare asset reconciliation and research differences as needed for plan valuation, testing, and reporting requirements
• Prepare outside asset and balance forward earnings allocations and participant validations (monthly, quarterly, annually) as needed
• Prepare plan documents, including but not limited to:
  • Restatements
  • Amendments
  • SPDs
  • SMMs
  • Notices
• Assist with QDRO allocations and corrective earnings calculations as needed
• Perform other duties as assigned

Education & Experience

• Associate's degree and 7+ years related experience
• Equivalent combination of education and experience

Required Qualification

• ASPPA Qualified 401(k) Administrator (QKA) designation required

Skills & Abilities

• Ability to read and interpret documents such as retirement adoption agreements, program manuals, and government instructions and guidance
• Ability to write reports and emails/correspondence and work effectively with employees across the organization
• Advanced math skills, including applying concepts such as fractions, percentages, and ratios
• Proficiency with Microsoft programs, including Excel and Word
• Ability to work independently and balance multiple tasks

Physical Requirements

• Communicate effectively with internal and/or external customers
• Stationary 75% of the time or greater
• Ability to move objects up to a maximum of 10 lbs

Compensation & Benefits

Pay Range: $81,133.00 - $108,214.00

Benefits for Full-Time Employees

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire
• Parental Leave: Six weeks of paid leave at 100% of your salary
• Comprehensive Medical Coverage, including employer contributions to HSA for High Deductible Health Plan participants
• Dental and Vision Coverage
• Flexible Spending Accounts (healthcare and dependent care)
• Employer-Paid Disability Coverage (short-term and long-term), with an option to purchase additional long-term coverage
• Life Insurance: employer-paid basic life insurance, with an option to purchase supplemental coverage
• Voluntary benefits, including hospital, accident, and critical illness coverage
• Retirement plans:
  • 401(k) with employer matching
  • optional Roth 401(k)
  • pension plan
• Adoption Assistance
• Tuition Reimbursement
• Employee Assistance Program (EAP)
• Pet Insurance
• Financial and Banking Services, including various banking services benefits and financial planning assistance

Benefits for Part-Time Employees (Working 20+ Hours/Week)

• Medical coverage, including employer contributions to HSA for High Deductible Health Plan participants
• Dental and Vision Coverage
• Voluntary benefits, including hospital, accident, and critical illness coverage
• Generous Parental Leave: Six weeks of paid leave at 100% of your salary

Benefits for All Part-Time Employees

• Retirement plans:
  • 401(k) with employer matching
  • optional Roth 401(k)
  • pension plan for employees who work at least 1,000 hours in a calendar year
• Paid Sick and Safe Leave
• Employee Assistance Program (EAP)
• Financial and Banking Services, including various banking services benefits and financial planning assistance

Eligibility to Work

Applicants must be authorized to work for any employer in the U.S. The employer is unable to sponsor or assume sponsorship of an employment Visa at this time.