Plan Compliance Specialist

American Trust & Custody, recently integrated as part of Ascensus, focuses on state-of-the-art trading and custodial reporting of mutual funds, exchange-traded funds, managed accounts, unitized funds, equities, collectives, and self-directed brokerage accounts, integrate directly into clients' recordkeeping or trust accounting systems, allowing fully electronic processing, settlement, and reporting of trades and transactions.

This position is responsible for performing compliance nondiscrimination testing and Form 5500 reporting for our clients' defined contribution plans. This is required to assure that retirement plans remain qualified, and that contributions and benefits are tested and allocated properly, within
regulatory deadlines.

Duties/Responsibilities:
• Analyzing annual or mid-year census information from clients and completing annual nondiscrimination testing requirements, which may include but are not limited to determining if eligibility provisions have been calculated correctly and calculating and preparing proposals for year-end or true-up employer allocations.
• Performing required testing such as "average deferral percentage/average contribution percentage," Top Heavy, Coverage, Compensation Nondiscrimination, General Nondiscrimination, and Control Group Determinations.
• Ensuring that neither participants nor client plans exceed IRS and plan limits.
• Having the ability to learn and perform advanced annual nondiscrimination testing, to include but not be limited to new comparability allocations, integrated allocations, and average benefit testing.
• Calculating employer allocation projections for existing clients.
• Preparing Form 5500 and other reporting, which may include (among other things) reconciling plan financial statements, preparing annual audit packages for applicable plans and providing audit support to auditors and clients.
• Preparing other government filings as required such as Form 8955SSA, Form 5558, and Form 5330.
• Providing support to internal and external partners for compliance testing and reporting.
• Identifying and recognizing any compliance issues that arise from a plan's testing and reporting process and analyzing and recommending corrective action related to such issues. Logging workload information into database for tracking purposes.
• Possess a strong understanding of department processes, procedures and standards

The national average salary is $65,000 - $75,000, exclusive of any bonuses and benefits. This salary range represents the low and high end for this position. Actual salary offered will vary and may be above or below the range based on various factors including but not limited to location, experience, performance, and internal pay alignment. We do not anticipate that candidates hired will begin at the top of the range however, from time to time, it may occur on a case-by-case basis.  Other rewards and benefits may include: 401(k) match, Medical, Dental, Vision, Paid-Time-Off, etc.  For more information, please visit careers.ascensus.com/#Benefits.

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