Plan Compliance Specialist

Ascensus; Pittsburgh (Allegheny County); On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

401(k) match

Medical

Dental

Vision

Paid-Time-Off

Health Savings Account with employer

401(k) & 529 college savings match

Volunteer and charitable-giving

Business casual dress

Job summary

Ascensus, recently integrated as part of AmericanTCS, seeks a compliance specialist to perform nondiscrimination testing and Form 5500 reporting for defined contribution plans. This role ensures plans remain qualified and allocations are tested and reported on within regulatory deadlines.

Responsibilities include preparing Form 5500 and related filings, assisting with audits, and collaborating with partners to resolve compliance issues, while supporting internal processes and timely data entry.

Qualifications

• Experience performing nondiscrimination testing for defined contribution plans.
• Ability to prepare Form 5500 and related government filings accurately.
• Understanding of IRS and retirement plan regulatory requirements.

Responsibilities

• Analyzing census information and completing annual testing requirements.
• Performing standard tests such as ACP/ADP, Top Heavy, Coverage, and General Nondiscrimination.
• Preparing Form 5500 and audit packages for applicable plans.
• Identifying compliance issues and recommending corrective actions.
• Logging workload information for tracking purposes.

Skills

Nondiscrimination testing

Form 5500 reporting

IRS plan compliance

Data analysis

Project coordination

Job description

AmericanTCS, recently integrated as part of Ascensus, has forged a lasting legacy for more than 50 years, embodying strength and resilience while championing change and innovation across the retirement industry. We provide a diverse range of tailored retirement plan solutions that symbolize resilience, versatility and strength.

This position is responsible for performing compliance nondiscrimination testing and Form 5500 reporting for our clients' defined contribution plans. This is required to assure that retirement plans remain qualified, and that contributions and benefits are tested and allocated properly, within regulatory deadlines.

Duties/Responsibilities

• Analyzing annual or mid-year census information from clients and completing annual nondiscrimination testing requirements, which may include but are not limited to determining if eligibility provisions have been calculated correctly and calculating and preparing proposals for year-end or true-up employer allocations.
• Performing required testing such as "average deferral percentage/average contribution percentage," Top Heavy, Coverage, Compensation Nondiscrimination, General Nondiscrimination, and Control Group Determinations.
• Ensuring that neither participants nor client plans exceed IRS and plan limits.
• Having the ability to learn and perform advanced annual nondiscrimination testing, to include but not be limited to new comparability allocations, integrated allocations, and average benefit testing.
• Calculating employer allocation projections for existing clients.
• Preparing Form 5500 and other reporting, which may include (among other things) reconciling plan financial statements, preparing annual audit packages for applicable plans and providing audit support to auditors and clients.
• Preparing other government filings as required such as Form 8955SSA, Form 5558, and Form 5330.
• Providing support to internal and external partners for compliance testing and reporting.
• Identifying and recognizing any compliance issues that arise from a plan's testing and reporting process and analyzing and recommending corrective action related to such issues. Logging workload information into database for tracking purposes.
• Possess a strong understanding of department processes, procedures and standards

The national average salary is $65,000 - $75,000, exclusive of any bonuses and benefits.This salary range represents the low and high end for this position. Actual salary offered will vary and may be above or below the range based on various factors including but not limited to location, experience, performance, and internal pay alignment. We do not anticipate that candidates hired will begin at the top of the range however, from time to time, it may occur on a case-by-case basis.

Other rewards and benefits may include:

• 401(k) match
• Medical
• Dental
• Vision
• Paid-Time-Off
• etc.

For more information, please visit careers.ascensus.com/#Benefits.

Ascensus helps millions of people save for a better future.

What makes any career at Ascensus so rewarding?

• Collaborative, idea-sharing environment
• Professional Development with in-house training and tuition reimbursement
• Generous reward programs
• Paid time off
• Medical, dental & vision benefits
• Health Savings Account with employer contribution up to $1,100
• 401(k) & 529 college savings match programs
• Volunteer and charitable-giving programs
• Business casual dress