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 a Defined Contributions Compliance Consultant with a Bachelor’s Degree, and with a current, active designation as a Qualified 401(k) Administrator (QKA), Qualified 401(k) Consultant (QKC) designation from American Society of Pension Professionals and Actuaries (ASPPA), has worked a minimum of five (5) years’ experience as a compliance consultant, and experience working at a Third Party Administrator (TPA).

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 full-time employer, look no further.

Job Responsibilities:

• Foster and sustain relationships with designated clients, overseeing the timely completion of annual plan administration or specialized projects within defined scopes of service,

• Collaborate closely with Plan Sponsors, Record-keepers, Financial Institutions, and Auditors to offer practical solutions, ensuring clients' qualified plans remain compliant and optimized,

• Analyze, interpret, and provide expert advice on Plan Documents, Amendments, Notices, and Summary Plan Descriptions, ensuring clarity and compliance at all stages,

• Initially manage a minimum of 150 plans, with potential for growth to 200 over time. Efficiently oversee plan management while delivering exceptional customer service to each client,

• Conduct thorough reviews of work completed by external consultants, ensuring accuracy and adherence to quality standards through robust review processes,

• Demonstrate strong organizational skills, maintaining meticulous attention to detail and effective time management practices,

• Offer consulting expertise on matters concerning IRS and ERISA compliance, providing insightful guidance to clients to navigate regulatory requirements effectively,

• Adhere to engagement budget constraints and timelines, prioritizing tasks to optimize profitability while delivering high-quality service,

• Support business growth by contributing to proposal development and facilitating smooth transitions for new clients,

• Oversee or conduct comprehensive Annual Plan Administration tasks, encompassing:

• Employee data reconciliation.

• Calculations for contributions and allocations, covering various scenarios such as Employer Match, Safe Harbor, Top Heavy, Profit Sharing, and New Comparability.

• Advanced Compliance Testing, including ADP/ACP, Coverage, and Non-discrimination testing, with a focus on accuracy and corrective actions when necessary.

• Preparation and reconciliation of Trust Accounting, ensuring accuracy and compliance.

• Generating compliance reports and facilitating governmental filings, such as Forms 5500, 8955-SSA, 5330, 1099-R, 1096, and 945.

• Providing support during audits for large plans.

• Handling corrective contributions and distributions, including filings for VCP and SCP.

• Reviewing and managing distributions and loans, adhering to regulatory guidelines.

• Documenting all client communications for future reference and transparency.

• Support other functions related to qualified contribution plans administration, ensuring seamless operations,

• Continuously expand knowledge base to strengthen expertise in the field,

• Maintain proficiency in systems to optimize client service delivery,

• Set and manage productivity goals for the team, ensuring alignment with company deadlines and objectives,

• Facilitate timely completion and communication of contribution calculation letters to clients within 30-days,

• Maintain consistent production standards annually, meeting established benchmarks by December 31st,

• Communicate potential concerns to Team Leader and management promptly,

• Perform Annual Compliance Testing to ensure compliance with IRS regulations,

• Review annual valuations for accuracy, prepared either by ghost consultants, team members, or peers,

• Complete and review Form 5500s accurately and timely before the annual deadline for filing,

• Arrange and attend client meetings to foster communication and ensure client satisfaction,

• Develop and implement procedures to enhance customer satisfaction and overall service quality,

• Assist Trust Accountants and Data Collections department with client inquiries and information acquisition,

• Communicate plan issues effectively across departments,

• Proactively address outstanding invoices of 90 days or more during routine interactions with clients,

• Provide technical guidance and direction to team members as needed,

• Serve as a backup for team members when required,

• Track jobs in the Retirement Plan Administrator system (RPA) to ensure timely completion,

• Offer recommendations on suitable billing practices, collaborating with the Chief Financial Officer.

• Low travel, if any; due to COVID-19. We understand the pandemic is over; however, our employee’s safety is our priority – we will make decisions on non-essential travel and monitor the status of all types of viruses.

Qualifications:

• Bachelor's degree or equivalent business experience,

• Minimum FIVE (5) years of experience working as a Compliance Consultant or closely related capacity at a Third Party Administrator (TPA),

• While a designation as a Qualified 401(k) Administrator (QKA) is preferred, it is not mandatory,

• 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 plan documents,

• Strong attention to detail and the ability to prioritize, manage tasks and meet deadlines in connection with business operations,

• 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 401(k) or defined contribution plans.

• Team oriented attitude and willingness to help others achieve,

• Strong knowledge of 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.

Salary Range: $70,300 - $74,000

Bonus: $0 - $5,000

How to Apply

Qualified candidates please email your resume, and salary expectations Josie Flores, Hiring Manager: josief@ldsco.com

Loren D. Stark Company

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Defined Contribution Compliance Consultant (Work from Home) $70,300 to $74,000