Senior Compliance Analyst

About the Role

This position is responsible for all compliance aspects of 401(k) plan administration, including plan document creation and maintenance, nondiscrimination testing, participant benefit allocations, Form 5500 and audit package preparation, independent audit support, and various other tasks associated with 401(k) plan administration.

Responsibilities

• Reviews prospective business for suitability and plan design, ensuring that regulatory required protected benefits are maintained and all plan provisions, accounts, and contribution sources can be successfully supported and administered before accepting prospect as new business.
• Manages the execution of and performs annual nondiscrimination testing for client-sponsored 401(k) plans, including participant benefit allocations. May meet with clients to discuss allocations or testing failures.
• Prepares annual Internal Revenue Service Form 5500 and Form 8955-SSA accurately and timely by IRS-imposed deadlines for client-sponsored 401(k) plans.
• Prepares annual audit assistant packages for plans subject to independent accountant’s opinion, acts as client and auditor point of contact during annual plan audits.
• Prepares legal plan document/adoption agreements, plan restatements, mandatory and optional plan amendments, and associated required participant notices using third-party plan document administration software, ensuring all documents are complete and provisions can be successfully supported and administered.
• Advises and directs other team members on complex controlled group business structures and the potential compliance risk and impact to client-sponsored 401(k) plans.
• Creates all required plan sponsor and participant disclosures using a variety of web-based applications common to the 401(k) plan industry.
• Provides technical expertise on advanced technical issues to Insperity Retirement Services' plan consultants, operations personnel, Insperity client services, and clients directly.
• Monitors legislative changes for potential required amendments for all 401(k) plans administered by Insperity Retirement Services.
• Serves as a compliance resource for sales representatives during the prospecting and on-boarding phases of the client relationship. May meet with prospective clients with complex design situations.
• Assists with identification, development, and implementation of process improvements to allow compliance-related plan administration tasks to be performed more effectively and efficiently, including bulk task performance.
• Manages the execution of various tasks with a regulatory compliance deadline, including annual required contribution calculations, review of domestic relations orders, and other tasks or financial transactions as needed.
• Assists in the accomplishment of Insperity Company goals and helps other employees to do the same.
• Performs other duties as assigned by department supervisor and participates in the Disaster Recovery plan as required.

Requirements

• Bachelor’s Degree in Business Administration, Finance, Accounting, or industry-specific equivalent experience is required.
• Four to seven years of experience in the defined contribution plan administration field is required.
• Industry-related professional designation preferred but not required; expected commitment to pursue a professional designation with either American Society of Pension Professionals & Actuaries (ASPPA) or National Institute of Pension Administrators (NIPA).

Skills

• Technical competence in various types of retirement plans and related laws (ERISA, Internal Revenue Code, Department of Labor regulations), with a primary focus on 401(k) plans.
• Experience with applications such as ASC Documents, 5500 and Compliance Testing, OmniPlus, or other industry-recognized recordkeeping systems.
• Ability to independently research information via common industry resources (e.g., ERISA Outline Book, Pension Answer Book).
• Attention to detail and ability to analyze data for accuracy and trends.
• Intermediate knowledge of Microsoft Excel and Word; Access knowledge a plus.
• Strong aptitude for balancing and reconciling financial activity.
• Ability to work independently and in groups, prioritize deadline-oriented projects, and manage multiple tasks effectively.
• Excellent verbal and written communication skills, with professionalism in maintaining effective work relations.
• Familiarity with modern office methods, practices, procedures, and equipment, including filing systems and business correspondence.

Benefits

• Flexibility: Over 80% of Insperity’s jobs offer flexibility to balance time with coworkers, clients, family, or community.
• Career Growth: Continuous learning programs, mentorship opportunities, and ongoing training.
• Well-Being: Generous paid time off, top-tier medical, dental, and vision benefits, health & wellness support, and paid volunteer hours.