Document Operations Plan Specialist - 401(k)

Job Family

Adm - Document Management

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

Prepares retirement plan documents, amendments and funding documents for 401(a), 401(k), 403(b), 457, and NQDC plans.

Job Description

Responsibilities

• Prepare plan documents, summary plan descriptions, amendments and funding documents for new and existing clients; verify accrued benefits are protected, system issues identified and documents are congruent with system setup.

• Consult with clients, client counsel, advisors, Client Management and Client Transition/Installation Services, and other operational areas regarding plan design changes, business risks and other issues to accommodate client goals and objectives.

• Consult with outside counsel or senior management regarding requested contract and service agreement changes.

• Research specific client plan design/compliance situations as assigned.

• Review, analyze and consult on plan mergers and spin-offs to ensure accrued benefits are protected; identify potential system conflicts. 

• Develop plan filing packages for IRS determination letters.

• May assist with plan terminations by assessing status of terminated/abandoned plans; develop and implement project plan, prepare plan termination resolutions, amendments and filing packages for submission to regulatory authorities.

• Provide administrative support to Non-Qualified and 457(b) Governmental plans including, but not limited to, setting up and testing annual enrollment windows, reviewing plan distributions, auditing plan provisions, and maintaining monthly reporting

Qualifications

• Bachelor’s degree in a business-related field or equivalent education/experience

• Two years of pension/retirement plan experience or relevant financial services experience

• Knowledge of plan regulations and plan documents

• Strong written/verbal communication skills

• Organizational skills and attention to detail

• Ability to build rapport with internal and external stakeholder.

• Proficiency using MS Office tools

Preferred Qualifications

• Knowledge of Transamerica products and administrative capabilities

• Knowledge of plan regulations and plan documents

Working Conditions

• Remote work environment

The US salary for this position generally ranges between $48,000 - $60,000 annually. This range is an estimate, based on potential employee qualifications and opera