Compliance Specialist IV - TPA/DPS

Overview

The Compliance Specialist IV prepares compliance and government filings in accordance with established service standards, and partners with the manager and team lead to monitor workloads and ensure deliverables are completed timely and accurately. This role also mentors and trains other team members, and supports the development of new processes and tasks.

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

Responsibilities

• Prepare compliance tests and year-end packages, including:
  • Review plan eligibility requirements and determine eligible participants
  • Review plan allocation conditions and calculate requested contributions and forfeiture allocations
  • Perform nondiscrimination and annual testing, including ADP/ACP, 415 annual additions, 416 Top Heavy, and 410(b) coverage tests
  • Conduct self and peer reviews as needed
• Maintain working knowledge of plan designs and allocation options, including but not limited to:
  • 401(k), 403(b)
  • Davis Bacon
  • MEPs and PEPs
  • Balance forward valuations
  • Defined benefit and cash balance combo plans
• Prepare, review, and publish regulatory filings, including Form 5500, Form 5330, Form 8955-SSA, and other required 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
  • Collaborate with other departments as needed
  • Assist and mentor team members with complex issues
  • Work with managers to develop processes and implement best practices to meet standard service expectations
• Prepare asset reconciliation and research differences as needed for plan valuation, testing, and reporting
• 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

Requirements

• Associate's degree and 7+ years related experience or an equivalent combination of education and experience
• 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 fractions, percentages, and ratios
• Experience 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
• Move objects up to a maximum of 10 lbs

Compensation & Benefits

• Paid Time Off: At least 22 days annually, prorated in the year of hire (full-time)
• Parental Leave: Six weeks of paid leave at 100% of salary
• Comprehensive Medical Coverage: Includes 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: Hospital, accident, and critical illness coverage
• Retirement Plans: 401(k) with employer matching, optional Roth 401(k), and a pension plan
• Adoption Assistance
• Tuition Reimbursement
• Employee Assistance Program (EAP)
• Pet Insurance
• Financial and Banking Services: Various banking services benefits and financial planning assistance

Part-Time Benefits (working 20+ hours/week)

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

Benefits for All Part-Time Employees

• Retirement plans (401(k) with employer matching, optional Roth 401(k), and a 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: Various banking services benefits and financial planning assistance

Location

U.S. (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.)