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Retirement Compliance Consultant
Transamerica US
Cedar Rapids, IA, United States
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Job Family
Compliance - General
Job Description Summary
Handles the preparation and mailing of required IRS Form 5500 and applicable schedules and/or annual and mid-year compliance tests for an assigned caseload.
Responsibilities
Form 5500 functions:
• Analyze and research data to ensure proper completion of Form 5500 and applicable schedules.
• Prepare forms following set deadlines and quality expectations.
• Provide communications and auditing packages to auditors and clients according to IRS regulations.
• Answer applicable questions from auditors and clients, and assist clients with e-filing of 5500 forms and attachments.
Compliance testing functions:
• 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.
• Under applicable guidance, assist clients with 5500 processes and/or compliance testing and overall compliance with the plans.
• Evaluate alternative solutions and consult with other team members/manage for resolution.
Qualifications
• Bachelor’s degree in finance or business, or equivalent work experience.
• 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.
Working Conditions
• Office environment.
Our Culture:
At Transamerica we promote a Future Fit mindset. What is a Future Fit mindset?
• Acting as One fosters an environment of positive collaboration
• Accountability allows us to own the problem as well as the solution
• Agility inspires new ideas, innovation and challenges the status quo
• Customer Centricity encourages an above and beyond approach to our customer
Why Work for Us
Total Rewards at Transamerica: It’s more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies.
Ontario Applicants:
Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA").