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Voya Financial

Well Planned, Well Invested, Well Protected®

ERISA Technical Consultant

ConsultantConsultantFull TimeRemoteLeadTeam 5,001-10,000Since 1998H1B No SponsorCompany SiteLinkedIn

Location

Connecticut + 2 moreAll locations: Connecticut | Massachusetts | Minnesota

Posted

3 days ago

Salary

$79.6K - $110.6K / year

Seniority

Lead

Bachelor Degree8 yrs expEnglish

Job Description

ERISA Technical Consultant

Voya Financial

• 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

Job 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

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