ASC Compliance Analyst

Roles and responsibilities

• Investigates and clarifies client data or census problems
• Prepares non-discrimination tests, top heavy tests, coverage tests, 415 annual addition tests on larger and more technically complex plans, including additional compliancetesting that must be done such as 401(a)4
• Review of testing and/or Government Forms
• Completes testing and ensures quality control audit is performed
• Serves as technical expertise to compliance analysts and provides resolutions to support business
• Allocates employer profit sharing, matching and/or money purchase pension contributions based upon plan provisions and submits to plan sponsor for approval
• Calculates contribution corrections or top-heavy minimum contributions for plan sponsors
• Communicates test results and recommends solutions to client when specific failures are identified        
• Prepares Form 5500 and related schedules using government forms software
• Submits financial reports and Form 5500 package for review, correction, approval and submission to client and governing agency
• Maintains current awareness and understanding of legislative changes, IRS rulings, and expert opinions related to the processing of retirement plans
• Consistently meets and/or exceeds performance expectations with the ability to work under pressure in a very fast paced environment.

Required Education, Experience and Certificates

• 5+ years experience in compliance testing, contribution calculations and allocations

• Minimum of 2-3 years of experience using ASC Compliance software for testing/allocations