Job Summary:

This position is responsible for performing compliance nondiscrimination testing and Form 5500 reporting for our clients’ defined contribution plans and some communication with the client. This is required to assure that retirement plans remain qualified, and that contributions and benefits are tested and allocated properly, within regulatory deadlines.


Analyzing annual or mid-year census information from clients and completing annual nondiscrimination testing requirements, which may include but are not limited to determining if eligibility provisions have been calculated correctly and calculating and preparing proposals for year-end or true-up employer allocations.
Performing required testing such as “average deferral percentage/average contribution percentage,” Top Heavy, Coverage, Compensation Nondiscrimination, General Nondiscrimination, and Control Group Determinations.
Ensuring that neither participants nor client plans exceed IRS and plan limits.
Having the ability to learn and perform advanced annual nondiscrimination testing, to include but not be limited to new comparability allocations, integrated allocations, and average benefit testing.
Calculating employer allocation projections for existing clients.
Preparing Form 5500 and other reporting, which may include (among other things) reconciling plan financial statements, preparing annual audit packages for applicable plans and providing audit support to auditors and clients.
Preparing other government filings as required such as Form 8955SSA, Form 5558, and Form 5330.
Providing support to internal and external partners for compliance testing and reporting.
Identifying and recognizing any compliance issues that arise from a plan’s testing and reporting process and analyzing and recommending corrective action related to such issues. Logging workload information into database for tracking purposes.
Possess a strong understanding of department processes, procedures, and standards.
Reviewing and sending out communications with clients regarding compliance related issues, testing, and allocations
Understanding and following different plan type adoption agreements and amendments


Skills & Qualifications:

College degree or relevant work experience.
Industry related designation(s) preferred.
Three or more years of Retirement or Pension experience preferred.
Strong knowledge of ERISA, IRS and other relevant regulations.
Experience in Salesforce and Relius preferred
Excellent verbal and written communication skills.
Excellent interpersonal and customer service skills.
Proficient in Microsoft Office Suite or related software.
Excellent organizational skills and attention to detail.
Ability to work independently and in a team environment.
Ability to work with the following software: Relius Administration, FTWilliam, CRM, Relius Documents
Ability to read and interpret plan documents.
Ability to meet regulatory deadlines as well as team and personal goals.
Strong problem solving and analytical skills.
Ability to handle multiple projects and prioritize workload.
Able to react to change productively.