Compliance Specialist III – TPA/DPS

This is a fully remote position, open to applicants in Alabama, +18 more states.

📋 Description

• Prepare increasingly intricate compliance tests and year-end documentation.

• Evaluate plan eligibility criteria and identify eligible participants.

• Assess plan allocation conditions and compute requested contributions and forfeiture distributions.

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

• Conduct self-reviews and peer reviews as necessary.

• Compile, review, and distribute Forms 5500, 5330, 8955-SSA, and other mandatory regulatory documents.

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

• Support Plan Consultants in addressing auditor inquiries.

• Maintain a working knowledge of moderately complex plans, including dual eligibility, integrated profit sharing, ADP/ACP testing failures, 403(b), Davis Bacon, MEP, and PEP plans.

• Expand knowledge of complex plans, including cross-tested profit sharing, balance-forward valuations, and defined benefit and cash balance combination plans.

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

• Collaborate with other departments as necessary.

• Assist and guide team members with complex inquiries and challenges.

• Partner with Managers to refine processes and implement best practices.

• Prepare asset reconciliations and investigate discrepancies.

• Prepare external 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 calculations.

• Mentor and train fellow team members.

• Perform additional duties as assigned.

⛳️ Requirements

• Associate degree and over 5 years of relevant experience, or an equivalent combination of education and experience.

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

• Proficiency in reading and interpreting retirement adoption agreements, program manuals, government instructions, and guidance.

• Capable of composing reports and correspondence via email.

• Ability to collaborate effectively with employees across the organization.

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

• Familiarity with Microsoft Excel and Word.

• Capacity to work independently and manage multiple tasks effectively.

• Must have authorization to work for any employer in the U.S.

• Employment visa sponsorship is not available.

🏝️ Benefits

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.

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

• Comprehensive medical coverage with employer HSA contributions for High Deductible Health Plan participants.

• Dental and vision insurance.

• Flexible spending accounts for healthcare and dependent care expenses.

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

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

• Voluntary coverage for hospital, accident, and critical illness.

• 401(k) plan with employer matching.

• Optional Roth 401(k) plan.

• Pension scheme.

• Adoption assistance.

• Tuition reimbursement.

• Employee Assistance Program (EAP).

• Pet insurance.

• Financial and banking services benefits and financial planning support.

• Wellness initiatives.

• Flexible work arrangements.

• Volunteer service and charitable partnerships.

• Development programs and career development tools.

• Performance-based incentives.

• Paid sick and safe leave for part-time employees.

• Benefits for part-time employees working 20+ hours/week, including medical, dental, vision, voluntary benefits, and parental leave.