401(k) Compliance Associate
BettermentWealth Management company
New York, United States$60,000 - $70,000Mid
Bessemer Venture Partners
Menlo Ventures
Kinnevik
Anthemis Group
Francisco Partners
Globespan Capital Partners
Legal & ComplianceNew
About the role
TL;DR
Manage 401(k) compliance testing, calculations, and administration for clients.
- •Betterment’s 401(k) team is seeking a detail-oriented compliance associate with a passion for 401(k).
- •This role is part of the 401(k) Compliance team within Betterment at Work.
- •This team is the go-to group for 401(k) compliance subject matter expertise and are skilled in efficiency and technical 401(k) plan administration.
- •Key Responsibilities Play an integral role in the annual compliance testing season for 401(k) clients by preparing compliance testing packages and employer contribution calculations.
- •Reconcile plan activity and prepare Form 5500s for large and/or conversion clients.
- •Assist with advanced compliance processes such as plan amendments, plan terminations, conversions and deconversions.
- •Analyze facts and circumstances of operational errors that result in the calculation of missed deferral opportunities, lost earnings and other corrective actions.
- •Collaborate with the Client Experience teams to provide a unified client experience.
- •Requirements Some experience in 401(k) retirement industry.
- •Interest in working towards QKA certification and other ASPPA certifications.
- •A detail-oriented mindset with excellent organizational skills.
- •Comfort handling multiple priorities at once and problem solving on the fly in a creative and holistic manner.
- •Familiarity with FTWilliam or similar compliance testing software.
Required skills
Compliance Management
Domain expertise
fintech
Benefits & perks
medical, dental, vision, life insurance, AD&D insurance, short-term disability, long-term disability, infertility support, transgender health benefits, Employee Assistance Program (EAP), transit benefits, FSA, HSA, equity, paid parental leave, sabbatical, professional coaching, 401(k) match, student loan payment match
