Plan Compliance Specialist

AmericanTCS; United States; On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

401(k) match

Medical insurance

Paid time off

Job summary

AmericanTCS, recently integrated as part of Ascensus, seeks a qualified professional to perform compliance nondiscrimination testing and Form 5500 reporting for defined contribution plans.

You will analyze census data, perform multiple testing procedures, and ensure plans comply with IRS limits while meeting deadlines. The role supports clients and auditors with accurate reporting and allocations.

Qualifications

• Experience with nondiscrimination testing and Form 5500 reporting for defined contribution plans.
• Strong understanding of IRS limits and plan testing requirements.

Responsibilities

• Analyze census data and complete annual nondiscrimination testing.
• Perform tests: ADP/APC, Top Heavy, Coverage, NCC, GNL, Control Group.
• Ensure participants and plans stay within IRS limits.
• Learn and perform advanced testing (new allocations, average benefit testing).
• Calculate employer allocation projections for existing clients.
• Prepare Form 5500 and supporting documentation, audit packages.
• File Form 8955-SSA, Form 5558, Form 5330 as required.
• Support testing and reporting with internal/external partners.
• Identify issues and recommend corrective actions; log workload data.
• Understand department processes, procedures and standards.

Skills

Nondiscrimination testing

Form 5500 reporting

IRS regulation knowledge

Plan testing

Education

Bachelor's degree in Finance/Accounting

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.