[Remote] Implementation Consultant - Core 401(k) at Empower

Des Moines, Iowa, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Bachelor’s degree in business or related field (preferred)
1-2 years implementation/plan conversion or related retirement plan operations work experience
Proficient knowledge of various IRS codes (401(k), 403(b), 401(a), and 457(b))
Proficient knowledge of IRS/DOL reporting
Proficient regulatory compliance and plan document knowledge
Strong attention to detail
Excellent written and verbal communication skills
Excellent time management

Responsibilities

Lead the successful installation of standard/non-complex new transfer or start-up retirement plan sales
Act as the primary contact for Empower during the conversion process
Perform weekly conference calls on assigned sales and consult with various client contacts
Discuss service agreements, contracts, and product features with plan sponsors, financial advisors, and third-party administrators
Review plan provisions with plans electing internal compliance services
Coordinate the integration and mapping of payroll files/methods with the plan sponsor
Facilitate the transfer of plan assets and records through written and verbal communication with prior providers, client contacts, and various internal departments
Act as the point of contact with Plan Sponsors, Financial Advisors, and Third-Party Administrators

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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