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 reviews as needed
• Prepare, review, and publish regulatory forms (15%):
  • Form 5500, Form 5330, Form 8955-SSA, and other required filings
  • Reconcile and prepare Form 5500 and applicable schedules for large filer plans
  • Assist Plan Consultants in answering auditor questions
• Maintain knowledge of moderate to complex plans (10%):
  • Dual eligibility, integrated profit-sharing allocations, ADP/ACP testing failures, 403(b), Davis Bacon, MEP, and PEP plans
  • Develop expertise in complex plans including cross-tested profit-sharing allocations, balance-forward valuations, and defined benefit/cash balance combo plans
• Research and resolve testing and Form 5500 issues (10%):
  • Collaborate with other departments as needed
  • Mentor team members on complex issues
  • Work with managers to develop processes and implement best practices
• 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
• Advanced math skills including fractions, percentages, and ratios
• Proficiency with Microsoft Excel and Word
• Ability to work independently and balance multiple tasks
• Effective communication with employees across the company

Physical Requirements

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

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: 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) 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: Including 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

Why Work Here

• Wellbeing: Generous time-off policies, wellness initiatives, and flexible work arrangements
• Community Involvement: Volunteer service and charitable partnerships to make a positive impact
• Culture: Supportive leadership fostering an environment where every voice matters
• Career Development: Wide variety of development programs and tools for growth
• Total Rewards: Competitive compensation, comprehensive benefits, and performance-based incentives
• Business Stability: Over 165 years of stability, growth, and risk management