Retirement Plan Compliance Manager

WTW; Minneapolis (MN); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

Health and Welfare Benefits

Leave Benefits

Retirement Benefits

Job summary

WTW in Minneapolis, MN is seeking a Retirement Plan Compliance Analyst to join our team. You will draft/amend defined benefit and defined contribution plan documents, SPD, SMMs, and related materials, plus participant communications.

The role requires ERISA and IRS knowledge, strong writing and analytical skills, and the ability to train staff, manage multiple client projects, and ensure timely, compliant documentation in a collaborative environment.

Qualifications

• Bachelor's degree in English or legal studies (or equivalent concentration).
• 5+ years drafting/amending pension plan documents and related materials (SPD, SMM).
• Deep understanding of ERISA and Internal Revenue Code.
• Proficiency with Microsoft Office (Word, Excel, Outlook, PowerPoint).
• Strong analytical, writing and verbal skills; ability to work independently or in a team.
• Experience reviewing or qualifying domestic relations orders is a plus.

Responsibilities

• Draft/amend defined benefit and defined contribution plan documents, SPD, SMMs, and related materials.
• Ensure plan documents comply with ERISA and applicable federal laws; adhere to audit protocols.
• Manage document production timelines and maintain up-to-date plan documents.
• Train and mentor staff on plan drafting and compliance.
• Provide technical guidance on plan language to internal clients.
• Research regulatory changes using legal databases to stay informed.
• File documents with government agencies as needed.
• Communicate updates with clients and client counsel.
• Organize and maintain legal documents and contracts.
• Manage multiple client projects, timelines, and budgets.

Skills

Experience drafting pension documents

MS Office proficiency

Analytical writing skills

Team collaboration

Independent work

Education

Bachelor's degree in English or legal studies

Job description

Description

We are seeking an organized and detail-oriented Retirement Plan Compliance Analyst to join our team. As a compliance analyst you will play a crucial role in supporting our attorneys by performing a variety of tasks, which will include drafting/amending pension (defined benefit and defined contribution) plan documents, summary plan descriptions, summaries of material modifications and other plan related documents (e.g., policies, procedures) as well as participant communications (e.g., QDIA notices).

The Role

We are seeking an organized and detail-oriented Retirement Plan Compliance Analyst to join our team. As a compliance analyst you will play a crucial role in supporting our attorneys by performing a variety of tasks, which will include drafting/amending pension (defined benefit and defined contribution) plan documents, summary plan descriptions, summaries of material modifications and other plan related documents (e.g., policies, procedures) as well as participant communications (e.g., QDIA notices).

DUTIES AND RESPONSIBILITIES

Plan Drafting: Draft/amend customized comprehensive defined benefit and defined contribution plan documents, summary plan descriptions, summaries of material modifications and other plan related documents and participant communications. Stay current on latest documentation technique and best practices to ensure use of cutting-edge tools and language.

Compliance: Ensure all plan documents comply with ERISA regulations and other applicable federal laws. Adhere to audit protocol to ensure accuracy of documentation.

Document Production/Management: Adhere to document production timelines to ensure efficiency and timely document production. Organize and maintain plan documents, ensuring they are up-to-date and accessible.

Training and Development: Train and mentor staff on plan document drafting and compliance.

Internal Client Communication: Provide technical guidance regarding plan language and training for the internal team as needed. Provide assistance when a client or team member requires assistance understanding the plan language or the underlying legal requirement giving rise to the language.

Other: Keep abreast of laws and regulations impacting employee benefits, claims procedures, and notice requirements by using our legal database subscriptions to research, analyze and understand changes in the law and/or regulations.

Filing : File documents with government agencies as needed

Client Communication : Communicate effectively with clients, client counsel, providing updates and gathering information.

Document Management: Prepare, organize, and maintain legal documents, including research and contracts.

Project Management:

• Manage multiple clients and projects simultaneously, prioritizing tasks and meeting deadlines.

• Develop and implement project plans, timelines, and budgets.

• Coordinate with attorneys, clients, and other team members to ensure smooth project execution.

• Track project progress and identify potential issues, taking proactive steps to mitigate risks.

• Keep stakeholders up to date on project status using various reporting, and metric based tools available.

• Manage communication between all parties involved in the project.

All other duties as assigned.

Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Qualifications

The Requirements

• Bachelor's degree in English or legal studies, or equivalent concentration preferred.

• 5+ years of experience drafting, amending, and tracking changes to pension (defined benefit and defined contribution) benefit plan documents, summary plan descriptions, and summaries of material modifications.

• Detailed understanding of laws governing pension plans including ERISA and the Internal Revenue Code are a must have.

• Expertise with Microsoft Office software programs including Word, Excel, Outlook, PowerPoint.

• Excellent analytical, writing and verbal skills.

• Ability to work independently and as part of a team

• Experience with reviewing or qualifying domestic relations orders not required but a plus.

Compensation And Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $80,000 to $120,000 USD per year.

The role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)

• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf)

• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.