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Director, Retirement Compliance Testing

Transamerica
Transamerica Salary
Rapids, IA Full Time
POSTED ON 2/15/2025
AVAILABLE BEFORE 5/13/2025

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Regulatory Compliance

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.

  • For more information, visit transamerica.com .

Job Description Summary

Direct managers and professional teams in the preparation of IRS Form 5500 and nondiscrimination testing for in-force clients of tax-exempt, Taft-Hartley, MEP, and qualified plans. Direct the team that handles domestic relations order (DRO) qualifications for in-force clients of their tax-exempt, governmental, 457, non-qualified, Taft-Hartley, MEP, and qualified plans.

Job Description

Responsibilities

  • Provide guidance and direction to staff to ensure timely, accurate service is given to clients through productivity management, employee development, and implementation of quality controls.
  • Research and analyze new legislation / regulations to determine impact on current procedures.
  • Revise / update / create procedures to ensure ongoing compliance with new laws.
  • Ensure clients, for whom Company provides Form 5500 and nondiscrimination testing services, are provided services within the IRS-mandated deadlines. Ensure DROs are qualified based on the DOL requirements.
  • Review / analyze plan mergers and corporate acquisitions with respect to the impact focusing on nondiscrimination testing.
  • Provide key consulting resources to staff, colleague departments, sales staff, clients, advisors, and third-party administrators in situations that require a high degree of expertise and diplomacy
  • Interface with Legal to review unusual situations as necessary.
  • Work with client's legal counsel for items pertaining to nondiscrimination testing.
  • Research items pertaining to Form 5500, nondiscrimination testing or QDROs using available resources, Internet and other technical resources.
  • Conduct presentations to clients, field and internal staff as appropriate.
  • Provide technical expertise on regulatory developments regarding Form 5500 and nondiscrimination testing issues. Ensure proper system modifications are made to accommodate new products / regulatory developments.
  • Lead special projects and committees.
  • Identify, plan, and direct the execution of both short- and long-term departmental goals.
  • Establish, maintain, and update business processes to ensure contract obligations are met; software delivery meets business requirements, and issue / problem resolution negotiated.
  • Qualifications

  • Bachelor's degree in a business field or equivalent related work experience
  • Ten years of experience with defined contribution plans
  • Ten years of management experience
  • In-depth knowledge of Form 5500 and nondiscrimination testing software, recordkeeping, and associated administrative systems
  • In-depth understanding of Corporate administrative capabilities
  • Technical knowledge of ERISA, IRS, DOL, revenue procedures, notices, and current legislation.
  • Excellent written / oral communication and presentation skills to participant in sales and implementation process meetings
  • Strong mathematical, analytical, and research skills
  • Project management and time management skills
  • Advanced skills using MS Excel and Word
  • Preferred Qualifications

    Working Conditions

  • Office or hybrid office / remote environment
  • 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 $120,000-$150,000 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 based on the Company Bonus Plan / Individual Performance and is at the Company's discretion.

    Worried about not having every single qualification listed? It's okay. If it's a role you're interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things.

    What We Offer

    For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

    Compensation Benefits

    Competitive Pay

    Bonus for Eligible Employees

    Benefits Package

    Pension Plan

    401k Match

    Employee Stock Purchase Plan

    Tuition Reimbursement

    Disability Insurance

    Medical Insurance

    Dental Insurance

    Vision Insurance

    Employee Discounts

    Career Training & Development Opportunities

    Health and Work / Life Balance Benefits

    Paid Time Off starting at 160 hours annually for employees in their first year of service.

    Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

    Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

    Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

    Adoption Assistance

    Employee Assistance Program

    College Coach Program

    Back-Up Care Program

    PTO for Volunteer Hours

    Employee Matching Gifts Program

    Employee Resource Groups

    Inclusion and Diversity Programs

    Employee Recognition Program

    Referral Bonus Programs

    Inclusion & Diversity

    We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

    To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

    Giving Back

    We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

    Transamerica's Parent Company

    Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.

  • It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
  • As of December 31, 2023
  • PDN-9d1758a9-81ad-4a6a-9b47-8f46cba9212a

    Salary : $120,000 - $150,000

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