ERISA Consultant II

Company: ADP
Location: Salem
Posted on: June 25, 2022

Job Description:

At ADP we are driven by your success. We engage your unique talents and perspectives. We welcome your ideas on how to do things differently and better. In your efforts to achieve, learn and grow, we support you all the way. If success motivates you, you belong at ADP.We strive for every interaction to be driven by our CORE values: Insightful Expertise, Integrity is Everything, Service Excellence, Inspiring Innovation, Each Person Counts, Results-Driven, & Social Responsibility.POSITION SUMMARY:
Responsible for the formulation of the adoption agreement. Interprets key legislation impacting the RS business function and client base as it relates to 401(K).RESPONSIBILITIES:

• For new clients, analyze existing plan documentation to identify plan provisions, features, and benefits. Identify any issues with plan documentation that could lead to plan qualification issues and address with client.
• Create new plan documents and client account agreements as applicable for new business clients including all ancillary service schedules.
• Maintain plan documents for assigned clients for any legislative or regulatory changes as necessary. create and maintain any client requested plan document or service agreement amendments.
• Identify, research, and communicate any regulatory compliance issues for assigned clients based upon understanding of applicable laws and regulations.
• Maintain familiarity with applicable laws and regulations. Understand new laws and regulations and how they relate to client base. Communicate new laws and regulations to clients
• Consult with the various business groups including client service, operations, and new business, about ERISA issues that affect their individual job functions
• Works on projects designed to ensure ERISA compliance for new processes, products, procedures and regulatory changes.
• Research and resolve ERISA questions from internal clients through the various ERISA Mailboxes for pooled client base.QUALIFICATIONS REQUIRED:
  • Education: Bachelor's Degree
  • Experience: 3 - 5 Years
    Preference will be given to candidates who have the following:
    • Understanding of ERISA Law and related regulatory guidance from IRS/DOL
    • Understanding of Recordkeeping requirements for qualified plans
    • Understanding of plan document requirements and
    • Ability to analyze complex issues and identify solutions

Keywords: ADP, New England , ERISA Consultant II, Professions , Salem, Northeast