Senior Associate, Retirement Plan Administration

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, FintechIndustries

Requirements

Candidates should have experience in Retirement Plan Administration for Qualified Plans, including working on IQPA audits, an exceptional understanding of plan administration, compliance testing, and IRS regulations, meticulous attention to detail and organization, and proficiency in Microsoft Office Suite and G suite.

Responsibilities

The Senior Associate, Retirement Plan Administration will prepare Form 5500 and related schedules, assist the Plan Sponsor with IQPA audits, conduct year-end testing for large DC plans, answer questions from the client service team on retirement plan subjects, and provide consulting services to sponsors, advisors, and IQPA auditors as needed.

Skills

Retirement Plan Administration

Qualified Plans

IQPA audits

Retirement plan compliance

Government reporting

Plan termination procedures

Operational and strategic planning in retirement plans

Vestwell

Digital platform for modern retirement plans

About Vestwell

Vestwell provides a digital platform that simplifies the management of retirement plans for businesses and their employees. Employers benefit from streamlined onboarding, vendor oversight, and fiduciary investment management services, which reduce administrative burdens and liability. Employees can customize their investment options and easily monitor their plans through a user-friendly interface. Vestwell's integrated approach and transparent pricing distinguish it from competitors, with the goal of transforming retirement planning through technology.

New York City, New YorkHeadquarters

2016Year Founded

$231MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Health Insurance

Paid Vacation

Hybrid Work Options

401(k) Retirement Plan

Performance Bonus

Company Equity

Risks

Increased competition from Ascensus in the state auto-IRA market.

Ameritas and Pontera partnership may divert clients seeking integrated financial services.

Dependence on John Hancock partnership could pose risks if challenges arise.

Differentiation

Vestwell offers a comprehensive digital platform for retirement plan management.

The company provides customizable investment options tailored to individual employee needs.

Vestwell integrates fiduciary services to limit employer liability in retirement plans.

Upsides

Partnership with TIAA introduces lifetime income solutions, enhancing retirement offerings.

Collaboration with John Hancock Retirement boosts market presence and credibility.

$125 million Series D funding supports platform expansion and service enhancement.

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