Compliance Specialist III

About the Role

The Compliance Specialist III prepares increasingly complex compliance and government filings within company service standards and department procedures to ensure accuracy and quality of deliverables. This role reviews complex filings from other team members, mentors and trains team members, and maintains a working knowledge of moderate to complex retirement plans.

Responsibilities

• Prepare compliance tests and year-end packages (40%):
  • Review plan eligibility requirements and determine eligible participants
  • Review plan allocation conditions and calculate requested contributions and forfeiture allocations
  • Conduct ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, and 410(b) coverage tests
  • Perform self and peer review as needed
• Prepare, review, and publish Form 5500, Form 5330, Form 8955-SSA, and other regulatory forms (15%)
• Maintain working knowledge of moderate complexity plans (e.g., dual eligibility, integrated profit sharing allocations, ADP/ACP testing failures, 403(b), Davis Bacon, MEP, and PEP plans) and continue learning about complex plans (e.g., cross-tested profit sharing allocations, balance forward valuations, defined benefit, and cash balance combo plans) (10%)
• Research and resolve testing and 5500 issues, mentor team members, and collaborate with managers to develop processes and best practices (10%)
• Prepare asset reconciliation and research differences for plan valuation, testing, and reporting (5%)
• Prepare outside asset and balance forward earnings allocations and participant validations (monthly, quarterly, annually) (5%)
• Prepare plan documents, including restatements, amendments, SPDs, SMMs, and notices (5%)
• Assist with QDRO allocations and corrective earnings calculations (5%)
• Perform other duties as assigned (5%)

Requirements

• Associate’s degree and 5+ years of related experience or an equivalent combination of education and experience
• ASPPA Qualified 401(k) Administrator (QKA) designation required

Skills

• Ability to read and interpret retirement adoption agreements, program manuals, and government instructions
• Ability to write reports, emails, and correspondence, and work effectively across the company
• Advanced math skills, including fractions, percentages, and ratios
• Experience with Microsoft Excel and Word
• Ability to work independently and balance multiple tasks

Physical Requirements

• Communicate effectively with internal and/or external customers
• Stationary 75% of the time or greater
• Move objects up to 10 lbs

Why Work Here

• Wellbeing: Generous time-off policies, wellness initiatives, and flexible work arrangements
• Community Involvement: Opportunities for volunteer service and charitable partnerships
• Culture: Supportive leadership with a focus on empowerment, connection, and contribution
• Career Development: Wide variety of development programs and tools for all career stages
• Business Stability: Over 165 years of stability with a well-defined growth plan

Pay

Pay Range: $65,654.00 - $96,282.00

Benefits

Full-Time Employees

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire
• Parental Leave: Six weeks of paid leave at 100% of salary
• Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants
• Dental and Vision Coverage
• Flexible Spending Accounts: For healthcare and dependent care expenses
• Employer-Paid Disability Coverage: Short-term and long-term, with an option to purchase additional long-term coverage
• Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage
• Voluntary Benefits: Hospital, accident, and critical illness coverage
• Retirement Plans: 401(k) with employer matching, optional Roth 401(k), and a pension plan
• Adoption Assistance
• Tuition Reimbursement
• Employee Assistance Program (EAP)
• Pet Insurance
• Financial and Banking Services: Various benefits and financial planning assistance

Part-Time Employees (20+ Hours/Week)

• Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants
• Dental and Vision Coverage
• Voluntary Benefits: Hospital, accident, and critical illness coverage
• Generous Parental Leave: Six weeks of paid leave at 100% of salary

All Part-Time Employees

• Retirement Plans: 401(k) with employer matching, optional Roth 401(k), and a pension plan (for employees working at least 1,000 hours in a calendar year)
• Paid Sick and Safe Leave
• Employee Assistance Program (EAP)
• Financial and Banking Services: Various benefits and financial planning assistance