Remote Retirement Plan Compliance Analyst

Ascensus; Minneapolis (MN); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

401(k) match

Medical insurance

Dental insurance

Vision insurance

Paid time off

Job summary

FuturePlan, part of Ascensus, seeks a Compliance professional to interpret retirement plan provisions, apply ERISA rules, and assist in audits. This multi-openings role focuses on accuracy, regulatory adherence, and high-touch client service for plan consultants across various plan types.

Ideal candidates will bring 3–8+ years in retirement plan testing, strong analytics, and proficiency in plan administration software.

Qualifications

• Bachelor's degree preferred.
• 3 to 8+ years of hands-on retirement plan testing experience.
• Experience with 5500s and other plan documents.
• Experience with cash basis and/or trust accounting.
• Strong Word, Excel, and Outlook skills.
• Excellent written and verbal communication.
• Knowledge of ERISA, IRS, and DOL regulations.

Responsibilities

• Complete and support the work outlined for the Compliance Associate roles.
• Reads and comprehends retirement plan provisions for accuracy and compliance.
• Applies legislation and regulations including IRS, DOL and ERISA in analysis.
• Supports DOL, IRS, and Large plan audits.
• Assists Plan Consultants in resolving operational and compliance issues.
• Responsible for plan administration, compliance and testing for identified blocks of business.
• Tracks data requests to meet compliance deadlines.
• Prepares annual valuation and compliance reports for clients.
• Provides consultations with Plan Consultant in drafting plan documents and amendments.
• Supports and completes assigned quality assurance reviews.
• Protects confidential data and ensures proper data handling and security.
• Demonstrates core values in day-to-day actions and supports the organizational culture.
• Assists with other tasks and projects as assigned.

Skills

Analytical skills

Attention to detail

Communication skills

Microsoft Excel

Plan administration software

Regulatory compliance knowledge

ERISA understanding

Education

Bachelor's degree preferred

Retirement Plan Fundamentals certification

QKA designation preferred

Tools

FT Williams

ASC plan administration software

Job description

FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com.

Section 1: Position Summary

Compliance position that has an advanced understanding of all plan types and facilitates more complex interactions with the Plan Consultants.

*We have several openings for this role.*

Section 2: Job Functions, Essential Duties and Responsibilities

• Ability to successfully complete and support the work outlined for the Compliance Associate roles
• Reads and comprehends retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials to ensure accuracy and compliance with regulations.
• Understands, considers and applies legislation and regulations, including but not limited to IRS, DOL, and ERISA, when preparing, analyzing and interpreting information
• Supports DOL, IRS, and Large plan audits
• Supports the Plan Consultants in resolving operational and compliance issues related to qualified plans
• Is responsible for plan administration, compliance and testing for identified blocks of business
• Tracks and monitors job progress to ensure that all necessary data is requested and received in order to meet compliance deadlines
• Prepares annual valuation and compliance reports for Clients
• Provides detailed consultations with Plan Consultant in drafting plan documents, plan amendments, and other legal documents
• Supports and completes assigned quality assurance reviews
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture.
• Assist with other tasks and projects as assigned

Section 3: Experience, Skills, Knowledge Requirements

• Bachelor's degree preferred
• 3 to 8+ years of hands-on Retirement plan testing experience will be considered
• Experience doing Employer Calculations
• Must have experience with 5500's and other relevant documents
• Experience with cash basis and/or trust accounting
• Strong Word, Excel, and Outlook skills
• Strong written and oral communication skills
• Strong analytical and problem-solving skills
• Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
• Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
• QKA designation preferred but not required
• Involvement or work towards associates QPA designation preferred
• Prior experience with plan administration software, i.e. FT Williams or ASC preferred.

The national average salary is $65,000 - $95,000, 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.

We are proud to be an Equal Opportunity Employer