ERISA Technical Consultant

🔥 0 minutes ago

🦌 Connecticut, Massachusetts, +1 more states – Remote

🦌 Connecticut – Remote 🍂 Massachusetts – Remote ❄️ Minnesota – Remote

💵 $79.6k - $110.6k / year

⏰ Full Time

🟠 Senior

🔴 Lead

💼 Consultant

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Voya Financial

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1998

💸 Finance

Finance • Insurance • Retirement

Voya Financial is a leading financial services company that provides a wide range of retirement, investment, and insurance products to help individuals, families, and institutions plan, invest, and protect their future. With a focus on retirement savings and workplace benefits, Voya connects benefits and savings to simplify financial experiences and enhance financial security. The company is committed to making a positive difference by serving others through its unique culture, and has been recognized for its values and customer-centric approach. Voya also engages in initiatives like the Voya Behavioral Finance Institute for Innovation to further its mission of transforming financial care in the workplace.

📋 Description

• Provide technical guidance, training, and support to professionals performing compliance services for Profit Sharing, 401(k), 403(b), MEP, and PEP plans • Serve as a subject matter expert on ERISA compliance, testing methodologies, plan design interpretation, and IRS regulatory requirements • Lead and support enhancements to systems, processes, procedures, and controls related to compliance testing and Form 5500 reporting • Leverage technology, automation, and system capabilities to efficiently manage high-volume compliance testing and reporting workloads while maintaining exceptional accuracy and quality • Perform compliance testing, with a focus on: 410(b) testing (Ratio Percentage Test and Average Benefits Test), 414(s) compensation testing, 401(a)(4) nondiscrimination testing, Rights, Benefits, and Features testing • Calculate employer contributions for Safe Harbor and New Comparability plan designs • Provide consulting support, plan design expertise, and technical guidance to relationship management, plan management, and clients • Assist with complex operational issues, plan interpretation questions, correction methods, and regulatory compliance matters • Develop working knowledge of Voya's recordkeeping systems, valuation reports, and compliance-related technology solutions • Contribute to the development of best practices, operational efficiencies, and service enhancements that improve client outcomes and scalability • Assist with additional duties and special projects as assigned

🎯 Requirements

• Bachelor's degree in Business Administration or related field, or equivalent work experience in ERISA compliance • 8–10 years of industry experience, including strong ERISA knowledge and applicable IRS regulations • Minimum 5–7 years of experience in an ERISA compliance environment • Experience supporting Multiple Employer Plans (MEPs) and/or Pooled Employer Plans (PEPs) • Hands-on experience with ASC (Actuarial Systems Corporation) or equivalent compliance testing software • Proven ability to leverage technology, automation tools, and system-driven processes to manage large volumes of compliance and reporting work accurately and efficiently • Strong understanding of ERISA regulations, IRS nondiscrimination testing requirements, and qualified retirement plan design principles • Proficiency in Microsoft Excel, Word, and PowerPoint • Strong analytical, problem-solving, and multitasking skills with the ability to work independently • Excellent written and verbal communication skills with the ability to interact effectively with senior leadership.

🏖️ Benefits

• Health, dental, vision and life insurance plans • 401(k) Savings plan – with generous company matching contributions (up to 6%) • Voya Retirement Plan – employer paid cash balance retirement plan (4%) • Tuition reimbursement up to $5,250/year • Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. • Paid volunteer time — 40 hours per calendar year