Ensure compliance with statutory and regulatory guidelines for ERISA, Internal Revenue Code and other guidance requirements for qualified plans (Sections 401(k)/ 401(a)), Section 403(b) plans, 457 plans, multiple employer plans (MEPs), pooled employer plans (PEPs), and corporate non-qualified plans. Identify and help resolve plan compliance and fiduciary issues (e.g. qualification defects addressed under the IRS’ EPCRS and DOL VFCP programs). Propose and help implement best practices for ERISA-compliance plan administration. Notify internal administration teams about impact of new developments and support the development of new products, services, and processes, and provide risk management support.

Responsibilities

  • Research and analyze regulatory guidance from the IRS, DOL, SEC and other applicable agencies, along with new pension legislation.
  • Review and prepare plan analysis for new and existing clients, including issue identification and resolution, best practices, and preparation of client communications, plan forms, and participant communications.
  • Provide regulatory consulting services to help desks and operational areas.  Draft technical in-house communications and assist with projects and internal meetings, such as support for Plan Services, Plan Consultants, Compliance Testing, Reporting/Disclosure Unit, Retirement Consulting group and Client Integration team.
  • Support Transamerica’s pre-approved plan documents
  • Assist in new product development.
  • Maintain a high-level awareness of ongoing developments in the pension industry.
  • Provide regulatory risk management internally and externally.

Qualifications

  • Bachelor’s degree in a business-related field or equivalent education/experience.
  • Three years of retirement industry experience in legal, compliance or a similar setting.
  • Understanding of legal requirements for qualified plans (Sections 401(k)/ 401(a)), Section 403(b) plans, Section 457 plans, multiple employer plans (MEPs), pooled employer plans (PEPs), corporate non-qualified plans and ERISA.
  • Research and analytical skills to interpret IRS and DOL regulations and pension legislation.
  • Communication skills (verbal, written, listening) to convey complex, regulatory legal rules and requirements in layman terms.
  • Problem resolution skills, with an emphasis on analysis, formulation and documentation of recommendations.
  • Organization/time management skills to handle multiple projects simultaneously.

Preferred Qualifications

  • Working towards a retirement plan certification (e.g. ASPPA, CPC, ERPA, CEBS).

Working Conditions

  • Hybrid 3 days a week out of one of our core locations (Baltimore, Cedar Rapids, Denver and Philadelphia)

*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 $66,500 -$101,000 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.