Compliance Specialist III

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

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 compliance and government filings of other team members, mentors and trains team members, and works independently to balance multiple tasks.

Responsibilities

• 40% Prepare compliance tests and year-end packages, including:
  • Review of plan eligibility requirements and determination of eligible participants
  • Review of plan allocation conditions and calculation of requested contributions and forfeiture allocations
  • ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, and 410(b) coverage tests
  • Conduct self and peer review as needed
• 15% Prepare, review, and publish Form 5500, Form 5330, Form 8955-SSA, and other regulatory forms. Reconcile and prepare the Form 5500 and all applicable schedules for large filer plans and assist Plan Consultants in answering auditor questions.
• 10% Maintain a working knowledge of moderate complexity plans, including dual eligibility, integrated profit-sharing allocations, ADP/ACP testing failures, 403(b), Davis Bacon, MEP, and PEP plans. Continue learning and developing knowledge of more complex plans, including cross-tested profit-sharing allocations, balance-forward valuations, and defined benefit and cash balance combo plans.
• 10% Research and resolve testing and 5500 issues and questions, collaborating with other departments as needed. Assist and mentor other team members with complex issues and work with managers to develop processes and implement best practices.
• 5% Prepare asset reconciliation and research differences as needed for plan valuation, testing, and reporting requirements.
• 5% Prepare outside asset and balance-forward earnings allocations and participant validations (monthly, quarterly, annually) as needed.
• 5% Prepare Plan Documents as needed, including Restatements, Amendments, SPDs, SMMs, and Notices.
• 5% Assist with QDRO allocations and corrective earnings calculations as needed.
• 5% Perform other duties as assigned.

Requirements

• Associate 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 documents such as retirement adoption agreements, program manuals, and government instructions and guidance
• Ability to write reports and emails/correspondence, and work effectively with employees across the company
• Advanced math skills, including the ability to apply concepts such as fractions, percentages, and ratios
• Experience with Microsoft programs including 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 a maximum of 10 lbs

Benefits

For 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 your 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: Both 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: Including hospital, accident, and critical illness coverage
• Retirement Plans: 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan
• Adoption Assistance
• Tuition Reimbursement
• Employee Assistance Program (EAP)
• Pet Insurance
• Financial and Banking Services: Various banking services benefits and financial planning assistance

For Part-Time Employees Working 20+ Hours/Week:

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

For All Part-Time Employees:

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

Why Work Here

• Wellbeing: Generous time-off policies, wellness initiatives, and flexible work arrangements to support personal and professional thriving.
• Community Involvement: Opportunities for volunteer service and charitable partnerships to make a positive impact beyond the workplace.
• Culture: A workplace where every voice matters, and team members feel empowered, connected, inspired, and valued.
• Career Development: A wide variety of development programs and tools to help employees reach their full potential.
• Total Rewards: Competitive compensation, comprehensive benefits, and performance-based incentives.
• Business Stability: Over 165 years of stability, growth, and well-defined plans for the future.