Counsel 2 – ERISA/Retirement Recordkeeping and Plan Administration Counsel (Hybrid)

Transamerica; Denver, Cedar Rapids, Philadelphia (CO, IA, Philadelphia County); Hybrid; USD 145,000 - 160,000; Full time

Job summary

Transamerica seeks an attorney for a critical Counsel 2 role supporting our ERISA retirement recordkeeping and plan administration businesses. The hybrid position engages with internal teams across multiple locations to provide strategic legal guidance on plans, disclosures, and regulatory compliance.

The role requires a JD, Bar admission, and at least two years in ERISA/retirement law within a sophisticated setting. Travel to Denver, Cedar Rapids, or Philadelphia is possible.

Qualifications

• JD from an ABA-accredited law school.
• Member of the Bar in good standing in any U.S. jurisdiction.
• Two+ years of relevant ERISA/retirement plans experience at a sophisticated firm, consulting firm, or in-house legal department.
• Able to communicate effectively, both written and oral, and adapt legal advice to business needs.

Responsibilities

• Provide legal support for retirement plan recordkeeping and plan administration products and services (e.g., 401(k), 403(b), 457(b), defined benefit, pooled employer plans).
• Draft, review, and negotiate contracts and documents (recordkeeping, trust/custodial, advisory 3(21)/3(38), and vendor/TPA agreements).
• Advise on plan documents, notices, disclosures, ERISA provisions, and related topics.
• Monitor regulatory developments and brief stakeholders on business impacts; assist in regulatory responses to examinations.

Skills

ERISA/retirement

Contract negotiation

Regulatory knowledge

MS Office

Education

J.D. from ABA-accredited school

Bar admission in good standing

Job description

Counsel 2 – ERISA/Retirement Recordkeeping and Plan Administration Counsel (Hybrid)### Counsel 2 – ERISA/Retirement Recordkeeping and Plan Administration Counsel (Hybrid)Apply: Denver, Colorado: Cedar Rapids, Iowa: Philadelphia, Pennsylvania: Full time: Posted 16 Days Ago: R20062517**Job Family**Legal Counsel**About Us**At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.**Who We Are**We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.**What We Do**Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.\\* For more information, visit transamerica.com.**Job Description Summary**We are seeking an attorney for a critical role supporting our retirement plan businesses. In this position, you will be a key contributor within a team of attorneys who provide strategic legal guidance to our business partners supporting our retirement recordkeeping and plan administration businesses. Why Join Transamerica? You’ll have an opportunity to work with a leading life insurance, annuity and retirement company in a supportive environment with professional development and growth opportunities.**Job Description****Responsibilities:*** Provide legal support in the development, maintenance, and offering of retirement plan recordkeeping and plan administration products and services, involving 401(k), 403(b), 457(b), defined benefit plans, nonqualified plans, pooled employer plans (PEPs), other multiple employer plans (MEPs), stable value products, CIT investments, and other products.* Assist with the preparation, review, and negotiation of contracts and documents, including recordkeeping, trust and custodial agreements, TPA and 3(16) administrative services, investment advisory and management (3(21)/3(38)) agreements, and vendor and TPA agreements.* Develop expertise to provide guidance on plan documents, notices and communications, including ERISA 408(b)(2) and 404(a)(5) disclosures, ERISA 404(c) considerations, QDROs, beneficiary designations, claims/appeals processes, discrimination testing and corrections and other relevant topics.* Monitor and review regulatory developments and brief stakeholders on potential business impacts, as directed.* Assist in drafting regulatory responses to examinations and inquiries (DOL/IRS/PBGC), including document production and remediation plans.* Commensurate with experience, advise on plan sponsor and participant issues, operational issues, and complaints.* Collaborate with regulatory support, compliance, risk, operations, product, sales/distribution and other internal stakeholders to develop and implement policies and procedures.* Contribute to complex legal issues where analysis requires identification and evaluation of multiple factors; deliver practical, business‐oriented solutions in a fast‐paced environment.* Partner with senior attorneys in keeping senior business management and operations personnel apprised of pertinent legal and regulatory developments affecting retirement products and services.* Exercise judgment regarding legal advice with guidance from senior attorneys; communicate clearly and effectively with diverse technical and non‐technical audiences.* Employ innovative thinking to help the business implement creative, cost‐effective, and realistic solutions; foster an inclusive, collaborative culture. **Qualifications:*** JD from an ABA‐accredited law school.* Member of the Bar in good standing in any U.S. jurisdiction.* Two or more years of relevant legal experience focused on ERISA/retirement plans at a sophisticated law firm, consulting firm, or in‐house legal department.* Able to effectively communicate, both written and oral, exercise sound judgment, and adapt legal advice to business needs while being agile and comfortable in a rapidly changing corporate environment.* Proficient using MS Office**Preferred Qualifications:*** Strong knowledge of ERISA Title I, DOL regulations and advisory opinions, Internal Revenue Code provisions applicable to retirement plans, and ERISA fee disclosure regimes (408(b)(2), 404(a)(5)); familiarity with SECURE 2.0 and related guidance; working knowledge of nonqualified plans is a plus.* Experience negotiating retirement services agreements (recordkeeping, trust/custody, advisory 3(21)/3(38), 3(16)), investment management arrangements, collective investment trust participation, and data/privacy provisions.* Experience with pooled plan structures, plan administration and/or defined benefit plans is a plus.* Strong organizational and project management skills, with the initiative, ownership, and attention to detail needed to manage multiple priorities, work autonomously, and deliver high-quality results in a fast-paced, deadline-driven environment.**Working Conditions**:* Hybrid office environment: 3 days in office (Tues/Wed/Thurs)* Locations: Denver, Cedar Rapids, Philadelphia* Occasional travel to meet with leaders, other team members, and business partners. **Compensation:*** The Salary for this position generally ranges between $145,000 - $160,000 annually. ***Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including***qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.* Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. #LI-BD1 *This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.*