Compliance Analyst

ascensushr; United States; On-site; USD 60,000 - 80,000; Full time

Job summary

FuturePlan, the nation's largest retirement plan TPA, seeks a Compliance professional to manage complex ERISA compliance tasks across plan types. You will work with Plan Consultants to interpret plan documents, apply applicable laws, and support audits while ensuring data accuracy and deadlines are met.

The role emphasizes plan administration, quality reviews, and secure handling of confidential information in a fast-growing environment affiliated with Ascensus.

Qualifications

• Bachelor's degree preferred.
• 3–5 years of ERISA experience in retirement industry preferred.
• 3–5 years of financial data analysis experience.
• Retirement Plan Fundamentals certification upon eligibility.
• QKA designation preferred.
• Pursuit of QPA designation encouraged.

Responsibilities

• Read and interpret retirement plan provisions for accuracy and compliance.
• Apply IRS, DOL, and ERISA regulations when preparing information.
• Support DOL, IRS, and large plan audits.
• Assist Plan Consultants with operational and compliance issues.
• Handle plan administration, compliance and testing for blocks of business.
• Track data requests and meet compliance deadlines.
• Prepare annual valuation and compliance reports for clients.
• Draft plan documents and amendments with Plan Consultants.
• Conduct QA reviews and safeguard confidential client data.

Skills

Microsoft Word

Microsoft Excel

Microsoft Outlook

Education

Bachelor's degree

Tools

Relius

Job description

FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com.

Section 1: Position Summary

Compliance position that has an advanced understanding of all plan types and facilitates more complex interactions with the Plan Consultants.

Section 2: Job Functions, Essential Duties and Responsibilities

Ability to successfully complete and support the work outlined for the Compliance Associate roles

• Reads and comprehends retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials to ensure accuracy and compliance with regulations.
• Understands, considers and applies legislation and regulations, including but not limited to IRS, DOL, and ERISA, when preparing, analyzing and interpreting information
• Supports DOL, IRS, and Large plan audits
• Supports the Plan Consultants in resolving operational and compliance issues related to qualified plans
• Is responsible for plan administration, compliance and testing for identified blocks of business
• Tracks and monitors job progress to ensure that all necessary data is requested and received in order to meet compliance deadlines
• Prepares annual valuation and compliance reports for Clients
• Provides detailed consultations with Plan Consultant in drafting plan documents, plan amendments, and other legal documents
• Supports and completes assigned quality assurance reviews
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
• Assist with other tasks and projects as assigned
• Supervision N/A

Section 3: Experience, Skills, Knowledge Requirements

• Bachelor's degree preferred
• 3 - 5 years of prior ERISA experience in the retirement industry preferred
• 3 - 5 years of experience in analysis of financial data required
• Strong Word, Excel, and Outlook skills
• Strong written and oral communication skills
• Strong analytical and problem solving skills
• Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
• Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
• QKA designation preferred
• Involvement or work towards associates QPA designation preferred
• Prior experience with plan administration software, i.e. Relius

We are proud to be an Equal Opportunity Employer