Intermediate Retirement Compliance Consultant
TransamericaAbout the role
Job Family
Regulatory ComplianceAbout 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
Responsible for the preparation and mailing of required IRS Form 5500 and applicable schedules and/or annual and mid-year compliance tests for an assigned caseload of plans.Job Description
Responsibilities
Form 5500:
Analyze and research data to ensure proper completion of Form 5500 and applicable schedules.
Prepare forms within set deadlines and quality expectations.
Provide communications and auditing packages to auditors and clients according to IRS regulations.
Research and answer basic questions from auditors and clients, and assist clients with e-filing of 5500 forms and attachments.
Compliance Testing:
Analyze and research census data provided by the client in preparation for compliance testing.
Determine appropriate tests needed per plan based on specific plan provisions.
Perform compliance testing (ADP/ACP, 401(a)(4), 410(b), Benefits, Rights & Features, Top Heavy), calculations of employer match and nonelective contributions, and applicable refunds. Monitor 402(g) and 415 limits and handle corrective measures.
Resolve plan operational errors discovered during test processes.
General Functions:
Review plan documents and understand the impact to the functions performed.
Review IRS regulations pertaining to qualified retirement plans, including controlled groups/affiliated service groups, and mergers/acquisitions, and the impact on the functions performed.
May assist clients with 5500 processes and/or compliance testing and overall compliance with the plans.
May act in a consulting capacity to clients and internal team members to provide guidance on plan issues.
Help interpret and communicate complex plan provisions and IRS regulations to various parties as needed.
Qualifications
Bachelor’s degree in finance or business, or equivalent work experience
Two years of relevant retirement plan experience
Basic understanding of 5500 forms, compliance testing, or related functions
Analytical skills and attention to detail
Ability to prioritize work within assigned caseload
Proficiency using MS Office
Preferred Qualifications
Knowledge of testing and 5500 software
Worki
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