Compliance Analyst 401K

55 Insperity Retirement Services, L.P.; Houston (TX); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

None

Job summary

Insperity Retirement Services, L.P. seeks a Compliance Analyst 401K to manage ERISA testing, Form 5500 preparation, plan audits, and participant communications. You'll analyze payroll and 401(k) data, ensure nondiscrimination compliance, and support client plans with accurate reporting.

Join a team focused on compliance excellence, detailed financial work, and timely collaboration with clients and auditors. A background in retirement plan administration and ASPPA/NIPA designation is preferred.

Qualifications

• High School Diploma or equivalent required.
• Bachelor’s Degree in Business Administration, Finance or related field preferred.
• Two to four years of experience in retirement plan administration preferred.

Responsibilities

• Reviews payroll and 401(k) data and performs ERISA nondiscrimination testing.
• Prepares IRS Form 5500 and required schedules for client plans.
• Acts as client and auditor point of contact during annual plan audits.
• Performs retirement benefit calculations and allocations per nondiscrimination rules.
• Reviews plan documents and related compliance testing for client plans.
• Monitors required minimum distributions and participant communications.

Skills

Attention to detail

Multi-tasking

Regulatory deadlines

Microsoft Excel

Microsoft Word

Microsoft Access

Communication skills

Education

High School Diploma or equivalent

Bachelor’s Degree in Business Administration, Finance or related field

Tools

Excel

Word

Access

Job description

Insperity provides the most comprehensive suite of scalable HR solutions available in the marketplace with an optimal blend of premium HR service and technology. With more than 90 locations throughout the U.S., Insperity is currently making a difference for thousands of businesses and communities nationwide. Behind our success is the unshakeable belief in the value of our people. We value diversity, inclusivity and a sense of belonging. We celebrate work and life events, and we partner with our clients and communities to make great things happen. We’ve earned recognition time and again as a top place to work—named among the best by respected organizations like Glassdoor and U.S. News & World Report. We’re also proud to be recognized for one of the country’s Top 50 Midsize Early Talent Programs through RippleMatch’s Campus Forward Awards. There’s never been a better time to be part of Insperity, and our best work is still ahead. Learn more at Insperity.com.

Why Insperity? Flexibility: Over 80% of Insperity’s jobs have flexibility. We want your time to have balance, whether it’s spent with coworkers, clients, family or your community. Career Growth: Insperity provides many ways to grow with the company. We offer continuous learning programs, mentorship opportunities and ongoing training. Well-Being: Our total rewards package includes generous paid time off, top-tier medical, dental and vision benefits, health & wellness support, paid volunteer hours and much more. We take care of our people so that you can do your best work.

Compliance Analyst 401K

This position is responsible for compliance related tasks associated with 401(k) plan administration, including, but not limited to reviewing payroll and 401(k) plan data used for nondiscrimination testing and government form reporting, performing required nondiscrimination testing, completion of IRS Form 5500, providing audit packages and audit support during client plan audits, reviewing domestic relations orders, calculating minimum required distributions, creating plan adoption agreements, amendments and associated communications, and coordination of client communications.

Responsibilities

• Reviews and analyzes payroll and 401(k) data, as well as annual controlled group and nondiscrimination testing questionnaire to timely prepare and perform all ERISA testing with completeness and accuracy.
• Performs annual and interim ERISA nondiscrimination testing of Insperity individual 401(k) plans.
• Prepares IRS Form 5500, required schedules, audit packages and acts as client and auditor point of contact during annual plan audits.
• Performs retirement benefit calculations and allocations, including profit sharing, top heavy minimum, employer matching and annual adjustment allocations assuring that the allocation satisfies all nondiscrimination requirements.
• Analyzes prior plan documents, company ownership and compliance testing reports on client sponsored plans, to the extent necessary to perform transition year tasks (nondiscrimination testing, Form 5500, etc.).
• Reviews domestic relations order for qualified status as described under ERISA, including required participant and alternate payee communications.
• Monitors and calculates required minimum distributions to participants over age 70 1/2 as required under the terms of the plan.
• Provides compliance related support to all members of Insperity Retirement Services, Insperity Client Services, Insperity Contact Center and Insperity clients.
• Monitors payment of required employer contributions and excise tax payments due.
• Prepares plan adoption agreements, amendments and required participant communications.
• Prepares all client communications related to compliance work performed.

Qualifications

• High School Diploma or equivalent is required.
• Bachelor’s Degree in Business Administration, Finance or other related field is preferred.
• Two to four years of experience in retirement plan administration field is preferred.
• Industry related professional designation (American Society of Pension Professionals & Actuaries (ASPPA) or National Institute of Pension Administrators (NIPA)) or commitment to pursue preferred but not required.

Knowledge / Skills

• Understanding of 401(k) plan administration, including nondiscrimination testing and Form 5500 preparation.
• Experience with one or more, ASC Documents, 5500 and Compliance Testing, and OmniPlus or other industry recognized recordkeeping system.
• Some knowledge of multiple employer plans, and/or the professional employer organization (PEO) industry, as well as controlled group rules a plus.
• Attention to detail, strong organizational skills, ability to multi-task and prioritize various tasks and regulatory deadlines.
• Intermediate level knowledge of Microsoft Excel and Word, with Access knowledge a plus.
• Strong aptitude with balancing and reconciling financial activity.
• Communicates tactfully and effectively, verbally and in writing, and maintains effective work relations with those encountered in the course of employment.

At Insperity, we celebrate the diversity of our employees and our leadership. Insperity is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. Our Growth is Creating Great Opportunities! Our team is expanding, and we want to hire the most talented people we can. Continued success depends on it!

Thanks for your interest in working at Insperity!