401 Compliance Associate
Supports 401(k) compliance testing, plan administration, operational error corrections, and audit requests while improving scalable processes. The role requires retirement-industry experience, strong organization, cross-functional communication, and familiarity with compliance testing software.
About the job
Responsibilities
Annual Compliance Administration
- Prepare compliance testing packages and employer contribution calculations for 401(k) clients.
- Reconcile plan activity and prepare Form 5500s for large and conversion clients.
- Assist 401(k) plan auditors by providing requested plan information and data samples.
Daily Administration
- Support advanced compliance processes, including plan amendments, terminations, conversions, and deconversions.
- Analyze operational errors and calculate missed deferral opportunities, lost earnings, and other corrective actions.
- Draft 401(k) plan documents for conversion plans and configure them in the proprietary recordkeeping system.
General Responsibilities
- Collaborate with Client Experience teams to provide a unified client experience.
- Follow current procedures and controls and recommend improvements for efficiency and scalability.
- Investigate operational challenges and collaborate with engineering, product, and design teams on solutions.
Requirements
- Some experience in the 401(k) retirement industry.
- Interest in pursuing QKA and other ASPPA certifications.
- Detail-oriented, highly organized, and able to manage multiple priorities.
- Creative problem-solving skills and a proactive approach to process improvement.
- Effective communication and cross-functional collaboration skills.
- Ability to maintain strict confidentiality.
- Familiarity with FTWilliam or similar compliance testing software.
- Proficiency with Google Suite and Microsoft Office.
Compensation and Benefits
- Base salary range: $60,000-$70,000.
- Medical, dental, and vision coverage.
- Life and AD&D insurance.
- Short- and long-term disability coverage.
- Infertility support and WPATH-aligned transgender health benefits.
- Employee Assistance Program, transit benefits, FSA, and HSA options.
- Equity grants for all employees.
- Flexible paid time off, paid parental leave, and a fully paid four-week sabbatical in the sixth year.
- Company-paid professional coaching.
- Day-one 401(k) match and matching on qualified student loan payments.
Skills
401(K) Compliance, Compliance Testing, Form 5500, Plan Administration, Employer Contributions, Ftwilliam, Google Workspace, Microsoft Office, Process Improvement, Operational Error Analysis
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