Defined Benefit Combo Cash Balance Compliance Consultant

Defined BenefitCombo Cash Balance Compliance Consultant (Work from Home) $76k-$96k

Employment Type

Full-Time, Exempt

Why Work Here?

“We value experience, the desire to gain knowledge and the motivation to do your best.”

Job purpose

The position will advise an employer or plan sponsor in matters relating to retirement plans, review and analyze retirement plan documents, prepares and manages plan and funding documents related to retirement.  Our ideal candidate would be an experienced Defined Benefit ComboCompliance Consultant with a proven track record of amazing customer service, exemplary client retention extreme competitiveness to be the best and creative problem solving with appreciation for proper diplomacy.  Strong preference for candidates with Cash balance Plan experience.   

LDSCO has well-defined strategies to meet our goals. However, success cannot be sustainable unless we commit to and work according to our values. First among these is Honesty in all aspects of our conduct. This includes acting with integrity in how we run our business, both with respect to our external dealings with customers, clients and competitors and in our internal dealings with our staff.  Second is Courage.  An employee who possesses the courage to proactively seek assistance and actively pursue a better understanding of their job responsibilities is a valuable asset to our organization.

For nearly a decade, LDSCO employees, supervisors, managers and company leadership have been working from home.  If you are interested in a stable family orientated company with a desirable work-life balance and a permanent employer, look no further. 

Job Description

• Accurately prepare contribution calculations for clients which include reviewing the client census data and reconciliation of the contributions,
• Review client employee census data, optimization of total contribution and compliance testing,
• Act as the primary point of contact for client contact and correspondence addressing questions and concerns while maintaining the highest possible levels of customer satisfaction,
• Attend all team and or department meetings,
• Review or perform, as needed, the annual testing for plans, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), 401(a)(26), deductibility, and 402(g),
• Review annual valuations prepared by outsourcing and peers for accuracy,
• Accurately and timely complete and or review form 5500 for filing prior to the annual deadline,
• Arrange and attend client meetings to ensure communication and satisfaction,
• Develops and executes plans to improve customer satisfaction and overall quality of services,
• Preparation of projections upon request,
• Review and recommend plan document changes to accommodate changing client needs or client company demographics,
• Proactively anticipate plan changes based on participant salaries and demographics to avoid and correct errors,
• Assist, as needed, the Trust Accountant Accounting Department with client questions,
• Assist, as needed,  the Data Collections Department with acquiring information,
• Responsible for maintaining up-to-date knowledge of current ERISA legislation and anticipated legislative revisions through self-directed learning and company-sponsored training programs
• Identify areas of improvement and support team members in their training efforts,
• Communicate plan issues inter-departmentally,
• Act as a back-up for team members,
• Additional duties as assigned,
• Minimal or no travel required.

Qualifications

• Proven success in extremely competitive environments,
• Bachelor's degree in mathematics, or related studies, or equivalent business experience,
• Minimum six years of experience working as a Compliance Consultant or closely related capacity,
• Proficiency in analyzing financial data is necessary,
• Strong preference for candidates with Cash Balance Plan experience,
• Experience in ASC software desirable, but not required,
• Proactively pursue ongoing self-learning initiatives, staying current with industry trends and acquiring new skills, resulting in increased adaptability, enhanced problem-solving capabilities, and demonstrate ability to quickly master new tasks and technologies,
• Thoroughly maintain meticulous attention to detail in all tasks, ensuring error-free work and contributing to improved accuracy, quality, and overall productivity within the team, ultimately enhancing one's self reputation for excellence,
• Manage multiple tasks concurrently, such as handling a substantial volume of emails alongside meeting industry deadlines,
• Extensive client management experience with a proven history of retention and client satisfaction,
• Advanced knowledge of the Employee Retirement Income Security Act of 1974 (ERISA) and related regulations,
• Must have the ability to read and comprehend retirement plan documents,
• The ability to clearly and concisely articulate retirement terminology to clients,
• Must possess understanding of integral part and aspects of Retirement Plans with a special inference on Defined Contribution Plans and Defined Benefit Plans,
• ERPA designation, or QPA designation, preferred.  Consideration for those enrolled and actively pursuing their designations,
• Team oriented attitude a willingness to help others achieve,
• Profound expertise in English grammar, composition, spelling and punctuation,
• Ability to analyze data, determine root cause, and provide and/or develop an appropriate solution for resolution,
• Computer proficiency and a strong command of the Microsoft suite of products,
• Advanced customer service skills including appropriate business etiquette in all dealings,
• Excellent communication skills, including verbal, written, interpersonal and presentation skills,
• Willingness to take on new duties and responsibilities as requested,

LDSCO offers a challenging and rewarding work environment supported by a total compensation program that includes:

• Competitive Base Salary, with standard annual bonuses, and monthly incentive bonuses,
• Full Benefits Package which includes Company Paid Employee Health Insurance, Voluntary Dental, Voluntary Vision, Voluntary Additional Life and Accident insurance, and Cafeteria Plans,
• Paid Leave such as Paid Vacation, a Personal Day, Holidays and Fun Day Program,
• Employer sponsored 401(k) plan with a 3% Safe harbor contribution.  In addition, to an Employer Stock Ownership Plan,  
• Offer Company Paid Professional Development and Continued Education Expenses,
• Performance Recognition and Awards Programs,
• Flexible work arrangements to include compressed work week,
• Entrepreneurial Culture,
• Strong Team Environment with Social and Team Building Activities,
• Employee perks such as company discounts and company sponsored events.

These components, when combined, make up the total compensation package offered at LDSCO. 

Diversity creates a healthier atmosphere: LDSCO is an Equal Opportunity Employer.  In addition, LDSCO will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation imposes an undue hardship on the operation of our business. 

How to Apply

Qualified candidates, please email your resume and salary expectations to Josie Flores, Hiring Manager at josief@LDSCO.com