Plan Consultant

Fidelity Investments Inc.; Smithfield (RI); On-site; USD 75,000 - 115,000; Full time

Job summary

Fidelity Investments Inc. is seeking a Plan Consultant to draft and execute Fidelity’s Pre-Approved Plan Document, interpreting plan provisions and negotiating contracts with clients and attorneys.

The role involves ensuring regulatory compliance and coordinating with internal partners on project progress. The candidate should have Defined Contribution retirement plan experience, ERISA knowledge, and strong negotiation and communication skills.

Qualifications

• Defined contribution retirement plan experience preferred.
• Strong understanding of ERISA and regulatory issues especially related to 401(k)/403(b) plans.
• College Degree or equivalent experience preferred.
• CPA, CEBS, ERPA or ASPPA designation(s) preferred.
• Strong contract negotiation skills: articulate a point of view clearly.
• Excellent written and verbal communication skills.
• Proficient in Microsoft Office, Zoom, Microsoft Teams, Salesforce, Plan Central, XTRAC.
• Ability to manage multiple projects with good time management.

Responsibilities

• Analyze plan documents to ensure compatibility with Fidelity's Pre-Approved Plan Document and identify 411(d)(6) protections.
• Review plan provisions and Fidelity services with employers to aid feature selection.
• Draft, negotiate, and finalize Pre-Approved Adoption Agreement and Service Agreement.
• Communicate project progress, issues, and accomplishments with stakeholders.
• Review and negotiate document exceptions to the Pre-Approved Plan Document.
• Negotiate service exceptions including modifications to the Service Agreement terms.
• Sign documents on behalf of FMTC and Fidelity Workplace Services.
• Participate in process improvement and companywide initiatives.

Skills

Defined contribution

ERISA knowledge

Contract negotiation

Communication

Multi-project management

Problem solving

Technical explanation

Office software

Salesforce

Plan Central

Education

College degree or equivalent

CPA/CEBS/ERPA/ASPPA

Tools

Microsoft Office

Zoom

Microsoft Teams

Salesforce

Plan Central

XTRAC

Job description

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

As a Plan Consultant (PC), we draft and execute Fidelity’s Pre-Approved Plan Document. We interpret plan provisions from outside plan documents and recognize potential issues in document and operational integrity. We also complete the contract (Service Agreement) between the client and Fidelity. During this process, the PC may need to negotiate the contract language.

• Analyze plan documents to determine compatibility with Fidelity's Pre-Approved Plan Document, identifying IRC Section 411(d)(6) protected benefits, and ensuring that plan documents have been timely amended and updated for required law and regulation changes.

• Review plan provisions as well as Fidelity services with employers (and consultants or attorneys, if they have one) to facilitate the selection of plan features.

• Draft, negotiate, and finalize the creation of the Pre-Approved Adoption Agreement and Service Agreement

• Communicate within the department and to appropriate business partners project progress, issues, and accomplishments.

• Review and negotiate document exceptions to the Fidelity Pre-Approved Plan Document.

• Negotiate service exceptions including modifications to the terms of the contract (Service Agreement).

• Sign documents on behalf of FMTC and Fidelity Workplace Services.

• Participate in process improvement and companywide initiatives.

The Expertise and Skills You Bring

• Previous Defined Contribution retirement plan experience preferred

• Strong understanding of ERISA and regulatory issues especially related to 401(k)/403(b) plans.

• College Degree or equivalent experience preferred

• CPA, CEBS, ERPA or ASPPA designation(s) preferred

• Strong contract negotiation skills: ability to articulate a point of view in a compelling & succinct manner

• Excellent written and verbal communication skills

• Application knowledge: Microsoft Office, Zoom, Microsoft Teams, Salesforce, Plan Central, XTRAC

• Ability to handle multiple projects at one time, applying proper time management skills and using good judgment to figure out the order of task completion

• Demonstrated problem solving and client management abilities

• Possess the ability to apply learning and comprehend and explain technical concepts

The Team

We are part of the Workplace Investing Implementation group. We work on conversions and corporate actions for plans in all market segments using the Fidelity Pre-Approved Plan Document. We work directly with employers, consultants, advisors, attorneys, and internal business partners. Our success mitigates risk for the client and Fidelity.

Fidelity’s Onsite Working Model

Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications:

Category:

Compliance

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.