Remote Retirement Plan Compliance Specialist

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

Benefits offered by this job

401(k) match

Medical, Dental, Vision insurance

Paid Time Off

Job summary

Ascensus seeks a Compliance professional in Minneapolis to advance advanced understanding of retirement plans and support complex plan testing and compliance functions.

You will review plan documents, apply IRS/DOL/ERISA guidance, assist with audits, and prepare reports for clients while safeguarding sensitive data and maintaining quality standards. This role offers cross-functional exposure and room for growth.

Qualifications

• 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 deadlines in ERISA compliance.
• 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.

Responsibilities

• 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.
• Assist with other tasks and projects as assigned

Skills

Communication skills

Analytical skills

Attention to detail

Office suite

Plan testing experience

Education

Bachelor's degree preferred

Retirement Plan Fundamentals certificate

Tools

FT Williams

ASC software

Job description

Ascensus seeks a Compliance professional in Minneapolis to advance advanced understanding of retirement plans and support complex plan testing and compliance functions.

You will review plan documents, apply IRS/DOL/ERISA guidance, assist with audits, and prepare reports for clients while safeguarding sensitive data and maintaining quality standards. This role offers cross-functional exposure and room for growth.