ERISA Technical Consultant

This is a fully remote position, open to applicants in Connecticut, +2 more states.

📋 Description

• Offer technical direction, training, and assistance to professionals providing compliance services for Profit Sharing, 401(k), 403(b), MEP, and PEP plans.

• Act as a subject matter expert on ERISA compliance, testing methodologies, plan design interpretation, and IRS regulatory obligations.

• Spearhead and facilitate improvements to systems, processes, procedures, and controls pertaining to compliance testing and Form 5500 reporting.

• Utilize technology, automation, and system functionalities to effectively handle high-volume compliance testing and reporting tasks while ensuring exceptional accuracy and quality.

• Conduct compliance testing, focusing on: 410(b) testing (Ratio Percentage Test and Average Benefits Test), 414(s) compensation testing, 401(a)(4) nondiscrimination testing, Rights, Benefits, and Features testing.

• Calculate employer contributions for Safe Harbor and New Comparability plan structures.

• Provide consulting assistance, plan design expertise, and technical support to relationship management, plan management, and clients.

• Aid in resolving complex operational challenges, plan interpretation inquiries, correction strategies, and regulatory compliance issues.

• Acquire a working knowledge of Voya's recordkeeping systems, valuation reports, and technology solutions related to compliance.

• Contribute to the creation of best practices, operational efficiencies, and service enhancements that enhance client outcomes and scalability.

• Assist with additional responsibilities and special projects as assigned.

⛳️ Requirements

• Bachelor's degree in Business Administration or a related field, or equivalent experience in ERISA compliance.

• 8–10 years of industry experience, demonstrating strong ERISA knowledge and understanding of applicable IRS regulations.

• A minimum of 5–7 years of experience within an ERISA compliance setting.

• Experience in supporting Multiple Employer Plans (MEPs) and/or Pooled Employer Plans (PEPs).

• Practical experience with ASC (Actuarial Systems Corporation) or similar compliance testing software.

• Proven skill in utilizing technology, automation tools, and system-driven processes to accurately and efficiently manage large volumes of compliance and reporting tasks.

• Strong comprehension of ERISA regulations, IRS nondiscrimination testing criteria, and principles of qualified retirement plan design.

• Proficient in Microsoft Excel, Word, and PowerPoint.

• Excellent analytical, problem-solving, and multitasking abilities with the capacity to work independently.

• Outstanding written and verbal communication skills, capable of effectively engaging with senior leadership.

🏝️ Benefits

• Health, dental, vision, and life insurance plans.

• 401(k) Savings plan – featuring generous company matching contributions (up to 6%).

• Voya Retirement Plan – employer-paid cash balance retirement plan (4%).

• Tuition reimbursement available up to $5,250 per year.

• Paid time off – including 20 days of paid time off, nine paid company holidays, and a flexible Diversity Celebration Day.

• Paid volunteer time – 40 hours per calendar year.