What are the responsibilities and job description for the Erisa Retirement Plan Compliance Officer position at Benetrends Inc.?
Position Status This is a full-time position, and hours of work and days are Monday through Friday, 8:00 a.m. to 5 p.m. Occasional evening and weekend work may be required as job duties demand.
In the performance of their respective tasks and duties all employees are expected to conform to the following:
- Perform quality work within deadlines with or without direct supervision.
- Interact professionally with other employees, clients, and service providers.
- Work effectively as a team contributor on all assignments.
- Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.
Position Overview:
As a Senior Compliance Officer within our Operations department, you will play a pivotal role in ensuring the adherence to complex ERISA, IRS and DOL requirements for qualified defined contribution and/or defined benefit plans. This challenging position demands expertise in retirement plan administration, outstanding communication skills, and the ability to lead and support team members, clients, and regulatory interactions.
Key Responsibilities:
- Lead and manage IRS plan audits and DOL plan investigations.
- Conduct research for associated plan and corporate transactions.
- Present findings for associated plan and corporate transactions to the Senior Management team and Advisory Board.
- Provide proactive educational and consultative support to internal and external clients.
- Respond promptly to and resolve client inquiries.
- Demonstrate proficiency in Rainmaker Product, covering banking, rollover, compliance, fair market value, appraisals, 5500s, testing, business entities, and controlled groups.
- Explain plan design and document provisions effectively.
- Prepare required and discretionary amendments and restatements of plan documents.
- Interpret and communicate IRS, DOL, and ERISA regulations and requirements.
- Exercise judgment in determining acceptable data and ensure compliance with internal and external deadlines.
- Stay current on industry issues, standards, and trends.
- Utilize available tools to meet or exceed clients? needs.
- Undertake special projects as needed, such as VCP, training on key ERISA topics, etc.
- Provide backup support to all other department members.