Compliance Specialist III

This is a fully remote position, open to applicants in New York.

📋 Description

• Develop progressively intricate compliance tests and year-end packages.

• Assess plan eligibility criteria and identify qualifying participants.

• Evaluate plan allocation terms and compute requested contributions along with forfeiture distributions.

• Execute ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, and 410(b) coverage assessments.

• Carry out self and peer evaluations.

• Draft, review, and submit Forms 5500, 5330, 8955-SSA, and other regulatory documents.

• Reconcile and prepare Form 5500 along with relevant schedules for large-filer plans.

• Support Plan Consultants with inquiries from auditors.

• Maintain a solid understanding of moderately complex plans while expanding knowledge of more advanced plans.

• Investigate and resolve issues related to testing and Form 5500 inquiries.

• Collaborate with various departments as required.

• Guide and mentor team members on complex matters and queries.

• Partner with Managers to develop processes and enforce best practices.

• Conduct asset reconciliations and investigate discrepancies.

• Prepare outside-asset and balance-forward earnings distributions and participant validations.

• Draft plan documents, including Restatements, Amendments, SPDs, SMMs, and Notices.

• Assist with QDRO allocations and corrective earnings assessments.

• Execute additional duties as assigned.

⛳️ Requirements

• Associate degree and 5+ years of relevant experience, or a comparable mix of education and experience.

• ASPPA Qualified 401(k) Administrator (QKA) certification is mandatory.

• Capability to read and interpret retirement adoption agreements, program manuals, government directives, and guidelines.

• Proficiency in writing reports and professional emails/correspondence.

• Ability to collaborate effectively with employees across the organization.

• Advanced mathematical skills, including fractions, percentages, and ratios.

• Familiarity with Microsoft Excel and Word.

• Ability to work autonomously and manage multiple tasks efficiently.

• Must be eligible to work for any employer in the U.S.; employment visa sponsorship is not available.

• Strong communication skills to interact effectively with internal and/or external clients.

• Ability to remain stationary for 75% of the time or more.

• Capacity to move objects weighing up to 10 lbs.

🏝️ Benefits

• A minimum of 22 days of paid time off each year, prorated during the year of hire.

• Six weeks of fully paid parental leave at 100% of salary.

• Extensive medical coverage, including employer HSA contributions for High Deductible Health Plan participants.

• Dental and vision insurance.

• Flexible spending accounts for healthcare and dependent care.

• Employer-sponsored short-term and long-term disability coverage, with optional additional long-term coverage.

• Employer-covered basic life insurance, with optional supplemental coverage available.

• Voluntary hospital, accident, and critical illness insurance.

• 401(k) plan with employer matching contributions.

• Optional Roth 401(k) plan.

• Pension plan.

• Adoption assistance program.

• Tuition reimbursement opportunities.

• Employee Assistance Program (EAP).

• Pet insurance offerings.

• Banking services benefits and financial planning support.

• Wellness programs.

• Flexible work arrangements.

• Opportunities for volunteer service and charitable partnerships.

• Professional development programs and career advancement resources.

• Incentives based on performance.