K) Compliance Associate Job New York New York USA,Finance & Banking

Position: 401(k) Compliance Associate
Location: New York

About Betterment

Betterment is a leading, technology-driven financial services company that offers investing, savings and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission, to empower people to build wealth with confidence and ease.

About Betterment

About

The Role

Are you a process-driven problem solver who loves checking items off your to-do list? Do you thrive on turning inefficiencies into seamless processes? Does making complex tasks efficient and intuitive energize you? Do you seek to help scale solutions that aim to delight and empower clients? Do you have some relevant 401(k) industry experience?

Betterment’s 401(k) team is seeking a detail-oriented compliance associate with a passion for 401(k). This role is part of the 401(k) Compliance team within Betterment s team is the go-to group for 401(k) compliance subject matter expertise and are skilled in efficiency and technical 401(k) plan administration. You will be joining a group of individuals that empower each other to take ownership, lead the charge to create solutions that last and who motivate others to always keep the common goal in mind.

For us, that goal is providing an exceptional experience to our 401(k) clients.

This is a salaried, non-exempt role that is remote eligible, except for the New York City metro area, San Francisco, Los Angeles, Seattle, Boston, Washington, D.C., & Orange County, CA. Below we've reflected the base salary range we would offer for this position in locations with city or state requirements. For those located elsewhere, the actual compensation offered will be based on candidate experience and geographic location.

Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is just one component of Betterment’s total compensation package for employees.

$60,000 - $70,000

A Day in the Life Annual Compliance Administration

Play an integral role in the annual compliance testing season for 401(k) clients by preparing compliance testing packages and employer contribution calculations
Reconcile plan activity and prepare Form 5500s for large and/or conversion clients
Assist 401(k) plan auditors by providing requested plan information and data samples

Daily Administration

Assist with advanced compliance processes such as plan amendments, plan terminations, conversions and deconversions
Analyze facts and circumstances of operational errors that result in the calculation of missed deferral opportunities, lost earnings and other corrective actions
Draft 401(k) plan documents for conversion plans and set them up in our proprietary recordkeeping system

General Responsibilities

Collaborating with the Client Experience teams to provide a unified client experience
Ensuring adherence to current procedures and controls, and make recommendations to improve efficiency and scalability
Using creative problem solving skills to tackle operational challenges, investigate why they happened, and collaborate with the engineering, product, and design teams to develop solutions

What We’re Looking For

Some experience in 401(k) retirement industry
Interest in working towards QKA certification and other ASPPA certifications
A detail-oriented mindset with excellent organizational skills
Comfort handling multiple priorities at once and problem solving on the fly in a creative and holistic manner
A proactive approach in reimagining existing processes to make them better
Effective communication skills and experience working cross functionally with client facing teams or stakeholders
Ability to maintain the highest level of confidentiality
Familiarity with FTWilliam or similar…