Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.
Job Summary: Provides compliance testing, testing review, document support and government forms preparation and review for highly complex retirement plan clients. Ensures that assigned plans remain tax qualified by meeting all IRS and DOL reporting and testing requirements, including reporting on all accounting and financial activity for the plan. May also provide technical training.
Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
- Prepares and reviews non-discrimination tests, top heavy test, coverage tests, 415 annual addition tests on the largest and most technically complex plans.
- Complex testing on New Comparability plans, multiple employer plans and “high profile’ plans.
- Completes additional compliance testing that must be done such as 401(a)4 and may also performs and or reviews more complex contributions.
- Reviews legal plan documents and all employee data and determines participant eligibility.
- Coordinates year-end processing issues with Relationship Managers/Client Service Managers.
- Assists with client calls as needed.
- Leads process improvement projects deemed necessary after annual review of internal procedures by Compliance Manager, incorporating any upcoming tax law updates.
- Assists in training of new processes.
- Utilizes technical skills and available tools to solve compliance issues.
- Works under pressure in a fast-paced, dynamic environment with a high degree of urgency and accuracy
- Focuses on learning in everyday activities and events.
- Collaborates with and openly shares knowledge with colleagues.
- Presents information and responds to questions from managers, clients, and internal customers.
- Performs other duties, as assigned, that are related to the essential operation of the department.
- Regular, reliable and punctual attendance.
- Proactively adopt, protect and boldly embrace emerging technologies (AI, automation, etc.), platforms, and evolving practices that accelerate transformational growth and advance Ascensus’ mission and client commitments.
Management Responsibilities
- None
Required Education, Experience and Certificates, Licenses, Registrations
- Bachelor’s degree in business related filed or combination of education and industry experience
- 6+ years of progressive plan experience in third party administration environment including experience in preparing, reviewing and explaining qualified plan compliance testing and government forms filing
- Demonstrated experience in areas of controlled groups, cross testing, catch-up contributions and other technical topics
- Advanced level of Excel
- Advanced knowledge of retirement plan tax law (ERISA) including Revenue Code sections 401401(a)(4), 416, 414(b), (c), (m), (n), as well as others.
- Strong mathematical aptitude, specifically detailed financial reconciliation and data analysis.
Preferred education or skills for this role
- QKA or QKC designation
Competencies
- Analytical
- Avid Learner
- Builds Collaborative Relationships
- Commitment to Excellence
- Customer Oriented
- Detail Oriented
- Excellent Verbal and Written Communication Skills
- Information Seeker
- Planning and Organizing
- Resourceful
- Team Player
- Thoroughness
- Time Management
TRAVEL: Up to 5%.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
Skills Required
- Bachelor's degree in a business-related field or an equivalent combination of education and industry experience
- 6+ years of progressive retirement plan experience in a third-party administration environment
- Experience preparing, reviewing, and explaining qualified plan compliance testing and government forms filing
- Experience with controlled groups, cross-testing, catch-up contributions, and other technical retirement plan topics
- Advanced Microsoft Excel skills
- Advanced knowledge of retirement plan tax law and ERISA, including applicable Internal Revenue Code sections
- Strong mathematical aptitude, including detailed financial reconciliation and data analysis
- QKA or QKC designation
Ascensus Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Ascensus and has not been reviewed or approved by Ascensus.
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Flexible Benefits — Flexible and remote options are positioned as a meaningful part of the overall rewards experience and can help offset base-pay concerns for some roles.
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Healthcare Strength — Healthcare coverage is presented as broad and modern, including medical, dental, vision, mental-health resources, and navigation support programs.
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Parental & Family Support — Family-oriented benefits stand out through paid parental leave and practical supports like breast-milk shipping for traveling, breastfeeding employees.
Ascensus Insights
What We Do
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. We’re also one of the savings plan industry’s leading providers of outsourced services. Our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.
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