Compliance Testing Specialist at Ascensus in Phoenix, Arizona

Posted in Other 5 days ago.

Job Description:

FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at

***This position can be remote in any state***

Section 1: Position Summary

Timely and accurate completion of contribution calculations and annual compliance testing. Review work performed by level I specialists.

Section 2: Job Functions, Essential Duties and Responsibilities

  • Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.

  • Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture.

  • Work on larger, more complex plans, including clients with multiple DC plans and carve-outs

  • Perform more complex ADP/ACP testing

  • Perform more complex trust accounting and Forms 5500, including audited plans

  • Perform DC balance forward valuations, journals, and statements

  • Perform small (under 100 lives) DC/cash balance combination plan 401(a)(4) testing

  • Calculate cash balance contributions and earnings

  • Prepare journals and statements

  • Perform self-employment income compensation calculations

  • Perform additional specialized compliance testing (414(s), BRF's etc.)

  • Calculate options for all failed tests without assistance (may need minimal assistance with combination DC/CB plans)

  • Perform year-end estimates and plan studies for DC and combination DC/CB plans

  • Intermediate to advanced understanding of pension laws

  • Assist consultants with compliance and plan design issues

  • Identify consulting opportunities and propose recommendations to reviewer, manager or consultant

  • Propose improvements on testing procedures and programs, and test new automation

  • Perform Special projects.

  • Enter Consulting time in Prosystem daily

  • Update Workflow system daily

  • Provide back up to other teams as necessary.

  • Assist with other tasks and projects as assigned


  • Review work performed by Specialist I

  • Train level I Specialists

Section 3: Experience, Skills, Knowledge Requirements

  • A minimum of 3 years experience in the Qualified Retirement Plan industry, including nondiscrimination testing and Form 5500 preparation

  • Hands-on Cash Balance Plan experience, including performing 401(a)(26) and combo DC/CB nondiscrimination testing

  • Good communication skills

  • Basic accounting skills

  • Good computer skills including Excel

  • Good technical skills

  • Good training skills

  • Conceptual

  • Detail oriented

  • Analytical

  • Numbers oriented

  • Team-Player

  • Self-motivated

  • Mentoring

  • Ability to work in fast paced, ever changing office environment

  • Dependable with excellent follow through on commitments and responsibilities

  • B.A. or B.S. degree preferred

  • ASPA QKA designation or actuarial examinations

We are proud to be an Equal Opportunity Employer

At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity-housed within our Core Values: People Matter. Quality First. Integrity Always.

As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.

Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws ("Protected Status").

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