Senior Compliance Analyst

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 regulatory required protected benefits are maintained; Manages execution of and performs annual nondiscrimination testing for client sponsored 401(k) plans, including participant benefit allocations; Prepares annual IRS Form 5500 and Form 8955-SSA accurately and timely by IRS deadlines; Prepares annual audit assistant packages for plans subject to independent accountant’s opinion, acts as point of contact during annual plan audits; Prepares legal plan document/adoption agreements, plan restatements, amendments and required participant notices; Advises and directs team members with complex controlled group business structures and compliance risk; Creates all required plan sponsor and participant disclosures; Provides technical expertise on advanced issues to consultants, operations personnel, client services and clients; Monitors legislative changes for potential required amendments; Serves as compliance resource for sales representatives during prospecting and on-boarding; Assists with identification, development and implementation of process improvements; Manages execution of tasks with regulatory compliance deadline including annual required contribution calculations and review of domestic relations orders

Requirements

Bachelor’s Degree in Business Administration, Finance, Accounting or industry specific equivalent experience; Four to seven years of experience in defined contribution plan administration; Technical competence of the various types of retirement plans and related laws including ERISA, Internal Revenue Code and Department of Labor regulations with primary focus on 401(k) plans; Experience with one or more of ASC Documents, 5500 and Compliance Testing, and OmniPlus or other industry recognized recordkeeping systems; Ability to independently research information via common industry resources such as ERISA Outline Book, Pension Answer Book; Attention to detail and ability to analyze data to assure accuracy and expose data trends; Intermediate level knowledge of Microsoft Excel and Word; Strong aptitude with balancing and reconciling financial activity; Ability to work independently and in groups, prioritize deadline oriented projects, and manage and monitor multiple tasks; Communicates tactfully and effectively, verbally and in writing, maintains effective work relations; Familiar with modern office methods, practices, procedures and equipment, filing systems and business letter writing; Competent in correct English usage, grammar, spelling, punctuation, and arithmetic; Commitment to pursue a professional designation with ASPPA or NIPA

Nice to have

Industry related professional designation with ASPPA or NIPA (preferred but not required); Access knowledge (a plus)

Benefits

Flexibility (over 80% of Insperity jobs have flexibility); Career growth opportunities including continuous learning programs, mentorship and ongoing training; Well-being total rewards package including generous paid time off, top-tier medical, dental and vision benefits, health and wellness support, paid volunteer hours