Compliance Testing Specialist - 401k Plans
Fully Remote Opportunity with Flexible Core Hours - Compliance Testing Specialist - 401k Plans
The Compliance Testing Specialist will be primarily responsible for performing calculations and testing on 401k plans. This testing includes but is not limited to ADP/ACP, Top Heavy, 415, New Comparability/Cross testing, etc.
Responsibilities
ā¢ * Prepare compliance tests including: review of plan eligibility requirements and determination of eligible participants; review of plan allocation conditions and calculation of requested contributions and forfeiture allocations; ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, 410b coverage, 401a4 General, Benefits Rights & Features, and 414s tests. Train team members on the compliance process and system. Peer review tests and discuss changes as needed.
ā¢ Prepare, review, and publish 5500 forms to allow client filing. Train team members on the 5500 process and system. Review 5500 forms prepared by junior staff and provide feedback and additional training if indicated.
ā¢ Research and resolve testing and 5500 issues and questions. Collaborate with other departments when needed to resolve issues. Participate in calls with clients and Sales staff as requested.
ā¢ Prepare and deliver IRS Form 8955-SSA and Form 5330. Review Qualified Domestic Relationship Orders. Assist with testing preparation including setting up plans in databases and reviewing plan document amendments for changes that impact testing.
ā¢ Test new processes and programs. Review current processes and work with manager and team lead to identify potential improvements.
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The Compliance Testing Specialist will be primarily responsible for performing calculations and testing on 401k plans. This testing includes but is not limited to ADP/ACP, Top Heavy, 415, New Comparability/Cross testing, etc.
Responsibilities
ā¢ * Prepare compliance tests including: review of plan eligibility requirements and determination of eligible participants; review of plan allocation conditions and calculation of requested contributions and forfeiture allocations; ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, 410b coverage, 401a4 General, Benefits Rights & Features, and 414s tests. Train team members on the compliance process and system. Peer review tests and discuss changes as needed.
ā¢ Prepare, review, and publish 5500 forms to allow client filing. Train team members on the 5500 process and system. Review 5500 forms prepared by junior staff and provide feedback and additional training if indicated.
ā¢ Research and resolve testing and 5500 issues and questions. Collaborate with other departments when needed to resolve issues. Participate in calls with clients and Sales staff as requested.
ā¢ Prepare and deliver IRS Form 8955-SSA and Form 5330. Review Qualified Domestic Relationship Orders. Assist with testing preparation including setting up plans in databases and reviewing plan document amendments for changes that impact testing.
ā¢ Test new processes and programs. Review current processes and work with manager and team lead to identify potential improvements.
#LI-AS1
Apply Now
Apply Now