Accounting, Communication Skills, Corrective Action, Customer Relations, Customer Support/Service, Detail Oriented, ERISA (Employee Retirement Income Security Act of 1974), External Audit, Federal Laws and Regulations, Finance, Internal Audit, Interpret Regulations, Keyboards, Maintain Compliance, Monitor Regulations, Office Equipment, Onboarding, Operations Planning, People Management, Physical Demands, Policy Implementation, Presentation/Verbal Skills, Regulations, Regulatory Compliance, Retirement Plan, Risk Analysis, Risk Management, Seminars, Time Management, Willing to Travel, Writing Skills
POSITION SUMMARY
Responsible for ensuring that all retirement plans administered by the organization comply with applicable federal regulations, including ERISA, IRS, and Department of Labor (DOL) requirements. This role oversees compliance processes, supports plan onboarding, monitors regulatory changes, and provides guidance to internal teams and clients to minimize risk and maintain operational integrity.
ESSENTIAL REQUIREMENTS
- Ensures all retirement plans (e.g., 401(k), 403(b), profit-sharing plans) comply with ERISA, IRS Code, and DOL regulations.
- Monitors and interprets regulatory updates and implement necessary process changes.
- Oversees timely completion of compliance requirements such as: Annual nondiscrimination testing (ADP/ACP, top-heavy) and Form 5500 filings.
- Responsible for required notices (Safe Harbor, fee disclosures, QDIA notices, etc.).
- Partners with plan administration and operations teams to ensure accurate plan setup and ongoing compliance.
- Reviews plan documents, amendments, and restatements for regulatory adherence.
- Assists with onboarding new retirement plans and ensure compliance readiness.
- Coordinates internal and external audits, including DOL and IRS examinations.
- Identifies compliance risks and recommend corrective actions.
- Oversees correction of plan errors using IRS/DOL correction programs (e.g., EPCRS, VFCP).
- Serves as subject matter expert (SME) on retirement plan compliance
- Supports client-facing teams in explaining compliance requirements and regulatory changes
- Regular and predictable attendance is an essential requirement of the position.
- Responsible for the completion of all compliance training related to the position.
- Understands all applicable laws and regulations that apply to the position and complies with the requirements.
NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
EXPERIENCE/SKILLS
- Five (5) to eight (8) years of related experience preferred.
- Deep understanding of retirement plan compliance and regulatory environment.
- Ability to interpret complex regulations and apply them practically.
- Strong analytical and problem-solving skills.
- High attention to detail and accuracy.
- Ability to manage multiple deadlines and priorities.
- Excellent communication skills (written and verbal).
EDUCATION
- Bachelor's degree in Finance, Accounting, Business, or related field preferred.
CERTIFICATIONS
- Qualified 401(k) Administrator (QKA), QKC, APA, or other ASPPA credentials preferred. CEBS or similar designation preferred
TRAVEL REQUIREMENTS
- Ability to travel as needed for meetings, projects, seminars, etc.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
MS Office PC, fax, phone and standard office equipment.
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1st Source Corporation
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