Int. Retirement Compliance Consultant

Int Retirement Compliance Consultant

Handles annual and mid-year compliance tests for and/or assists with the preparation and mailing of required IRS Form 5500 and applicable schedules for assigned caseload. Transamerica may offer positions at different job levels including, but not limited to Intermediate and Senior Retirement Compliance Consultant.

Responsibilities

Compliance Testing:

• Analyze and research census data provided by the client in preparation for compliance testing.
• Determine appropriate tests needed per plan based on specific plan provisions.
• Perform compliance testing (ADP/ACP, 401(a)(4), 410(b), Benefits, Rights & Features, Top Heavy), calculations of employer match and nonelective contributions, and applicable refunds. Monitor 402(g) and 415 limits and handle corrective measures.
• Resolve plan operational errors discovered during test processes.

General Functions:

• Review plan documents and understand the impact to the functions performed.
• Review IRS regulations pertaining to qualified retirement plans, including controlled groups/affiliated service groups, and mergers/acquisitions, and the impact on the functions performed.
• May assist clients with 5500 processes and/or compliance testing and overall compliance with the plans.
• May act in a consulting capacity to clients and internal team members to provide guidance on plan issues.
• Help interpret and communicate complex plan provisions and IRS regulations to various parties as needed.

Form 5500:

• Analyze and research data to ensure proper completion of Form 5500 and applicable schedules.
• Prepare forms within set deadlines and quality expectations.
• Provide communications and auditing packages to auditors and clients according to IRS regulations.
• Research and answer basic questions from auditors and clients, and assist clients with e-filing of 5500 forms and attachments.

Qualifications

• Bachelor’s degree in finance or business, or equivalent work experience
• Two years of relevant retirement plan experience
• Basic understanding of 550 forms, compliance testing, or related functions
• Analytical skills and attention to detail
• Ability to prioritize work within assigned caseload
• Proficiency using MS Office

Preferred Qualifications

Knowledge of testing and 5500 software

Important Notes

Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.

The salary for this position generally ranges between $49,000 - $72,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus of 7.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.