Retirement Plan Reconciliation & Compliance Support Specialist

The Retirement Plan Reconciliation & Compliance Support Specialist role is responsible for reconciling retirement plan accounts, ensuring compliance with regulatory standards and providing essential support to our administration/compliance team.

• Perform regular reconciliations of retirement plan accounts in excel, including contributions, distributions, and investment transactions.
• Manage relationships with retirement plan recordkeepers, including downloading reports and ensuring timely and accurate import into compliance software.
• Oversee quarterly loan payment processes for retirement plan participants, ensuring compliance with plan terms and regulatory requirements.
• Investigate and resolve any discrepancies or irregularities in retirement plan balances.
• Generate excel reports showing retirement plan reconciliations including cash flow for the plans. Advanced excel knowledge is required.
• Assist in the development and implementation of policies and procedures to ensure compliance with retirement plan regulations, including ERISA and IRS guidelines.
• Support the compliance team in conducting audits and reviews of retirement plan activities to ensure adherence to regulatory requirements.
• Collaborate with internal departments to address any issues related to retirement plan administration and compliance.
• Stay on top of changes in retirement plan laws, regulations, and industry best practices.