401(k) Conversions Specialist

Gusto; Denver, Northern (CO, KY); Hybrid; USD 69,000 - 84,000; Full time

Job summary

Gusto is hiring a ConversionOps Associate to oversee the transfer of retirement plans onto our platform. You will validate asset allocations, reconcile trust data, and establish loan records before go live, partnering with CX Onboarding, Compliance, and Reconciliations to prevent downstream issues.

This role focuses on high-accuracy data handling, proactive problem-solving, and contributing to automation that improves conversion efficiency and accuracy.

Qualifications

• 3+ years of experience in retirement plan administration, financial operations, or onboarding focused operational roles.
• Strong understanding of contribution types (pre tax, Roth, employer), loan structures, and participant level retirement data.
• Advanced proficiency in Excel, including lookup functions, pivot tables, data validation, and error analysis.
• Ability to independently manage competing priorities in a high volume, deadline driven environment.
• Adaptability to shift with changing priorities without losing focus on quality.
• Quick product mastery to pick up new tools and platforms fast and can speak to them with confidence.
• Strong analytical mindset with high attention to detail and a systems thinking orientation.
• 401(k) experience supporting plan conversions, asset transitions, loans, or trust reconciliation preferred.
• Clear-headed problem solving — you diagnose issues at both individual and systemic levels and implement solutions that stick

Responsibilities

• Own asset allocations. Independently manage participant level asset allocations during plan conversions, ensuring accurate parsing, validation, and allocation of transferred funds.
• Reconcile with precision. Review trust reports and legacy provider data to reconcile asset balances prior to system upload, and validate fund mapping, participant elections, and allocation logic to support accurate account setup at go live.
• Resolve discrepancies. Perform ad hoc reconciliation of cash movements and asset balances during and after conversion, and drive open items to resolution.
• Establish loan records. Set up and configure participant loan records during conversion, ensuring accurate balances, repayment schedules, and payroll alignment prior to plan activation.
• Protect data integrity. Ensure historical data supports downstream compliance testing and reporting requirements.
• Catch issues early. Identify gaps or inconsistencies in source data, and partner proactively with client facing teams to resolve them before go live.
• Eliminate downstream pain. Make sure all required data is collected, validated, and uploaded accurately before plan activation, so testing, compliance, and 5500 processing can run without rework.
• Collaborate cross functionally. Partner closely with Client Success, Onboarding, Compliance, and Reconciliations to resolve discrepancies in trust reports, asset allocations, and participant level data.
• Improve how we work. Contribute to automation initiatives and tooling enhancements that improve conversion accuracy and efficiency.

Skills

Asset allocations

Reconciliation

Discrepancy resolution

Loan records

Data integrity

Automation initiatives

Excel proficiency

Cross-functional collaboration

Tools

Advanced Excel (lookup, pivot, validation)

Job description

Gusto is hiring a ConversionOps Associate to oversee the transfer of retirement plans onto our platform. You will validate asset allocations, reconcile trust data, and establish loan records before go live, partnering with CX Onboarding, Compliance, and Reconciliations to prevent downstream issues.

This role focuses on high-accuracy data handling, proactive problem-solving, and contributing to automation that improves conversion efficiency and accuracy.