Compliance Specialist - 5500 Form (On-site)

Benecon; Lititz (Lancaster County); On-site; USD 42,000 - 62,000; Full time

Job summary

Benecon is seeking a Compliance Coordinator in the United States to manage Form 5500 filings and related communications for Benecon and broker clients.

The role involves coordinating with account managers, brokers, clients, and auditors to submit filings on time, updating procedures, and advising clients on plan development and documentation. Strong MS Office and Salesforce skills are essential.

Qualifications

• High school diploma or equivalent required.
• Either an Associate degree or 3 to 5 years’ experience in related field required.
• Excellent written and verbal communication; strong organization.

Responsibilities

• Gather information and prepare Form 5500 filings for Benecon and broker clients.
• Coordinate filings with managers, brokers, clients, and auditors to meet deadlines.
• Update Form 5500 procedures as needed and ensure no misses.
• Advise clients on 5500 issues and plan development documentation.
• Coordinate department communications and maintain accurate mailing lists.
• Support stop loss coordination and government opt-out notices.

Skills

Excellent communication

MS Office

Salesforce

Attention to detail

Multitasking

Education

High school diploma

Associate degree

Tools

MS Office

Salesforce

Job description

Description

Provides a wide range of functions and services within the Compliance Division. This position is primarily responsible for the coordination and completion of Form 5500 and M-1 filings. Other job duties include, but are not limited to, coordination and completion of compliance related communications, assistance in webinar preparation and other communications. Extensive exposure and contact with clients and prospects is anticipated.

SUPERVISORY RESPONSIBILITY: None

ESSENTIAL DUTIES AND RESPONSIBILITIES:

1. Gather all required information and prepare Form 5500 annual filings for Benecon and broker clients and consortium members. Work with account managers, brokers, clients, and auditors to submit all filings by their due dates. Update Form 5500 procedures as needed. Use database to ensure filings are not missed and are submitted before deadlines. Advise clients on issues relating to 5500 filings, including providing them with guidance on plan development, documentation and other compliance related to these filings.


2. Prepare, coordinate, and edit department communications. These communications should address a variety of topics that are relevant to our clients and broker partners. Maintain mailing list and periodically review for accuracy.


3. Develop and/or coordinate development of material for the Compliance Division’s company website material. Responsible for ensuring that this material is comprehensive, up-to-date, and accurate by requesting changes, updates, or additional information as needed. This material will include internally developed documents and charts, questionnaires, communications, website links, and questions & answers.


4. Crosstrain in stop loss coordination/tracking.


5. Responsible for the preparation and coordination of government opt out notices (2x per year).


6. Other tasks as assigned by the VP.

These duties and responsibilities are intended to describe the general nature and level of work involved for this job. This is not an exhaustive list of all duties or responsibilities.

Requirements

PHYSICAL REQUIREMENTS:

Must be able to sit or stand and type utilizing computer for up to 90% of the workday.

QUALIFICATIONS:

1. High school diploma or equivalent required.


2. Either an Associate degree or 3 to 5 years’ experience in related field required.

KNOWLEDGE, SKILLS, AND ABILITIES:

1. Excellent written and verbal communication skills required.


2. General knowledge of employee benefits and/or insurance is preferred.


3. Ability to establish and maintain effective communications with other employees, producer partners and clients required.


4. Ability to work on multiple projects and to shift priorities required.


5. Attention to detail and ability to follow through on tasks required.


6. Strong computer skills in MS Office required.


7. Experience using Salesforce preferred.