ERISA Retirement Plans Manager

About the role

Schwab Retirement Plan Services provides third party recordkeeping and retirement plan administration to midsized and large employers nationwide. The role involves preparing and performing various types of testing on complex retirement plans, ensuring compliance with IRS and DOL regulations.

Responsibilities

• Preparing ADP/ACP testing, Top Heavy testing, Coverage testing, 401(a)(4) Nondiscrimination testing, Form 5500 and Form 8955-SSA within statutory timelines.
• Performing tests on the largest and most complex plans, acting as a primary liaison with ERISA Consulting, external clients, and Relationship Managers for complex ERISA Compliance testing issues.
• Assisting clients with allocation of employer contributions and specialized testing.
• Partnering with Relationship Management and other teams to address higher-level client issues and respond to external auditor requests.
• Serving as a direct point of contact with plan sponsors and their external auditors to enhance client relationships and provide value.
• Leading efforts to improve, develop, and implement training programs and procedures.
• Supporting less experienced staff and conducting peer reviews of assigned work.
• Taking on additional project leadership responsibilities.

Requirements

• 4-7 years of experience in the qualified retirement plan industry, with significant direct experience in providing ERISA Compliance testing and reporting services.
• Thorough knowledge of the IRS & DOL Code and Regulations, particularly in areas such as 401(a)(4), 410(b), and 414(s).
• Excellent problem-solving skills, strong verbal and written communication skills, and high comfort level with Microsoft Excel.
• Absenteeism policy allows for up to 20 days per year, with a maximum of 10 days in any calendar year.

Qualifications

• Bachelor’s degree in Accounting, Math, or Finance.
• Preferred ASPPA QKA, QPA, or CPC designation.
• Experience with Actuarial Systems Corporation (ASC) Testing and 5500 software.

Skills

• Strong knowledge of ERISA regulations and compliance requirements.
• Proficiency in Microsoft Excel and other relevant software tools.
• Excellent communication and interpersonal skills.
• Ability to manage multiple projects and deadlines effectively.

Benefits

• Competitive salary with potential for bonuses or incentive opportunities.
• Hybrid work and flexible schedule options.
• Comprehensive benefits package including:
• 401(k) with company match and Employee Stock Purchase Plan.
• Paid time off for vacation, volunteering, and 28-day sabbatical after every 5 years of service.
• Paid parental leave and family building benefits.
• Tuition reimbursement.
• Health, dental, and vision insurance.