Plan Consultant

Fidelity; United States; On-site; USD 95,000 - 125,000; Full time

Job summary

Fidelity is seeking a Plan Consultant to draft and finalize the Pre-Approved Plan Document and related Service Agreement. The role requires interpreting plan provisions, negotiating contract language, and coordinating with employers, consultants, and attorneys as needed.

You will review plan features, ensure regulatory compliance, and communicate progress to internal partners while supporting process improvements within the Workplace Investing Implementation team.

Qualifications

• Experience with defined contribution plans and plan documents.
• Strong understanding of ERISA and related regulations.
• College degree or equivalent experience preferred.
• Designations such as CPA/CEBS/ERPA/ASPPA preferred.

Responsibilities

• Draft and execute Fidelity's Pre-Approved Plan Document and Service Agreement.
• Interpret plan provisions from outside documents and identify issues.
• Negotiate contract language and service terms with clients and stakeholders.
• Review plan provisions and Fidelity services with employers to facilitate feature selection.
• Communicate project status and issues to the team and partners.
• Negotiate exceptions to the Pre-Approved Plan Document and Service Agreement.
• Sign documents on Fidelity's behalf and participate in process improvements.

Skills

Defined Contribution Retirement Plan

ERISA & regulatory knowledge

Contract negotiation

Written and verbal communication

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Office

Salesforce

Zoom/Teams

Plan Central

XTRAC

Job description

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

Job Description

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.