Senior Plan Administrator, Compliance Services

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct annual compliance and nondiscrimination testing, such as ADP/ACP, 410(b), 401(a)(4), 414(s), and top-heavy assessments.

• Oversee limits for 402(g), 415, and 404.

• Calculate employer contributions utilizing pro rata, integrated, and new comparability formulas.

• Assess compensation for testing and contribution purposes, including calculations for self-employed income.

• Identify correction methods for failed tests and compute refunds, QNECs, and QMACs.

• Keep track of compliance deadlines and annual-cycle deliverables.

• Analyze census and payroll data to address discrepancies.

• Reconcile contribution discrepancies and asset statements from recordkeepers.

• Manage internal databases, client records, and task management systems.

• Report systemic data issues to the Plan Administration Lead.

• Prepare and review Forms 5500, 5558, 5330, and 8955-SSA.

• Handle complex-plan filings and assist with auditor inquiries.

• Support IRS and DOL examinations, correspondence, and audits initiated by clients.

• Detect compliance issues, operational failures, demographic errors, unaddressed amendments, and late contributions.

• Compile documentation and calculations for VCP, DFVCP, and VFCP submissions.

• Implement and document corrections following Aboon's methodology and guidelines.

• Collaborate with 3(16) Services to rectify payroll issues and manage corrective contributions.

• Oversee plan terminations and specialized reporting tasks.

• Assist with plan mergers, acquisitions, and takeovers, including coverage testing and transitions of prior-year data.

• Prepare and review communications for clients.

• Act as a compliance authority for Relationship Managers, plan sponsors, financial advisors, and independent auditors.

• Handle service requests and communications with recordkeepers.

• Investigate and resolve complex questions regarding plan design and regulations.

• Convert technical compliance findings into practical guidance.

• Conduct peer reviews of technical documentation, correspondence, and reporting.

• Mentor and train Plan Administrators.

• Contribute to enhancements in processes, procedures, training materials, AI integration, and automation.

• Provide backup support for the Plan Administration Lead and handle escalations.

⛳️ Requirements

• Over 7 years of experience in defined contribution plan administration with a strong focus on compliance.

• Extensive knowledge of ERISA Title I and relevant sections of the Internal Revenue Code, including 401(a), 401(k), 401(m), 410(b), 414(s), 415, and 416.

• Practical experience with advanced nondiscrimination testing methodologies.

• Proficient in preparing and reviewing Forms 5500, 5330, and 8955-SSA.

• Capability to apply testing rules and plan document provisions across various plan designs.

• Advanced skills in Excel, including the ability to troubleshoot data discrepancies and reconcile census data.

• Excellent written and verbal communication skills, particularly in conveying technical results to non-technical audiences.

• Proficient in ftwilliam, Google Workspace, and project management software.

• Required work authorization in the United States.

• No visa sponsorship available.

• Successful completion of a 401(k)-specific Excel assessment during the hiring process.

• Experience with DOL correction programs and submissions is a plus.

• Familiarity with ftwilliam and servicing modules from major recordkeeping platforms is an advantage.

• Hands-on experience with ChatGPT, Claude, Copilot, or similar AI tools is a bonus.

• Possession of ASPPA QKA, NIPA APA, QKC, QPA, or CPC certification/designation is preferred.

🏝️ Benefits

• Annual bonus.

• Equity opportunities.

• Comprehensive health, dental, and vision insurance.

• Additional optional coverage.

• 401(k) plan with company matching.

• Flexible paid time off and public holidays.

• 10 weeks of paid parental leave.

• Fully remote work environment.

• Provision of technology and equipment.

• Support for professional development and career advancement.

• In-person company retreats once or twice a year.