The Standard ยท 1 week ago
Retirement Plan Compliance Analyst III
Minnesota, United States
Full-time
Remote
Mid, Senior Level
$73K/yr - $106K/yr
5+ years exp
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No H1B
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Responsibilities
Research and perform data analysis regarding various aspects of defined contribution retirement plans by reviewing and interpreting plan financial and census data, plan documents, ERISA guidance and regulations, in order to monitor and ensure legal compliance of plans, respond to questions from customer plan representatives, sales consultants and co-workers regarding various aspects of day-to-day plan administration, perform annual non-discrimination testing for plans with varying levels of complexity, prepare annual government filings and respond to auditor questions regarding plan compliance. Act as an expert resource and escalation point for defined contribution procedures and pension regulations. Review, analyze and evaluate plan documents and amendments for completeness, accuracy and conformation to systems and administrative requirements.
Communicate with account management clearly and concisely to identify and describe changes and that affect the plans testing and provide potential solutions. Provide research and analytical support to account management in responding to auditor questions during audit season.
Research, analyze, interpret, and resolve complex testing and compliance questions and or issues and provide expert advice to management on creative problem resolution, such as contribution allocation formulas (including cross tested formulas) and unique testing correction methods.
Serve as a subject matter expert in complex topics relating to retirement plan administration and participate in or lead training events, carry out major assignments and provide feedback to influence future trainings related to short term and long term business objectives. Review work completed by co-workers on an as needed basis; provide detailed feedback to assure accurate plan administration and client satisfaction.
Participate in training events, carry out major assignments, and provide feedback to influence future trainings related to short term and long-term business objectives.
Qualification
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Required
5+ years of experience in defined contribution plan administration responsibilities, including allocation completion, document interpretation, asset reconciliation, and customer contact, or the equivalent combination of education and/or relevant experience.
Hands on compliance/non-discrimination testing of retirement plans
Previous experience with form 5500 preparation
Deep knowledge of the Employee Retirement Income Security Act of 1974 (ERISA) and the impacts on employee benefit plans.
Education & Experience: Bachelor's degree in related field; or the equivalent combination of education and/or relevant experience.
Ability to work extended hours during any peak season.
Preferred
Pursue American Society of Pension professionals and Actuaries (ASPPA) classes related to the Qualified Pension Administrator (QPA) designation or higher with the goal of continuous learning and building knowledge.
Benefits
401(k) plan with matching company contributions
An annual incentive bonus plan
Generous paid time off
A supportive and responsive management approach
Opportunities for career growth and advancement
Paid time off to volunteer
An employee giving program that double matches your donations to eligible nonprofits and schools
Much more!
Company
The Standard
The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, group accident, critical illness and hospital indemnity insurance, paid family leave and absence management services, retirement plans services and individual annuities.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2016-03-07Acquired
1999-04-16IPO
Leadership Team
Brad Yoder
Second Vice President, Life & Supplemental Claims
Jared Hyman
Regional Vice President
Recent News
2024-05-23
Business Wire
2024-05-23
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