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. This role involves preparing various compliance tests, such as ADP/ACP testing, Top Heavy testing, Coverage testing, 401(a)(4) Nondiscrimination testing, Form 5500 and Form 8955-SSA, within statutory timelines. The ideal candidate will also be responsible for assisting clients with allocations of employer contributions, collaborating with external auditors, and leading training programs.

Responsibilities

• Preparation of 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 preparation of allocations 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 provide value and maintain client relationships.
• 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 like 401(a)(4), 410(b), and 414(s).
• Excellent problem-solving skills, strong verbal and written communication abilities, and a high comfort level with Microsoft Excel.
• Able to meet stringent deadlines and work independently or as part of a team.

Preferred Qualifications

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

Benefits

The role offers a competitive benefits package including:

• 401(k) with company match and Employee stock purchase plan.
• Paid time off for vacation, volunteering, and a 28-day sabbatical after every 5 years of service.
• Paid parental leave and family building benefits.
• Tuition reimbursement.
• Health, dental, and vision insurance.