Specialist, DC Compliance & Documentation

Your Opportunity

At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s)

Schwab Retirement Plan Services provides third party recordkeeping and retirement plan administration to small, mid and large size employers nationwide. Schwab believes the provider matters, and we are committed to the financial fitness of all participants and clients. We assist plan sponsors to ensure the plans are operated in accordance with the Internal Revenue Code and ERISA, following IRS and DOL regulations and plan provisions.

Our group is responsible for preparing ADP/ACP testing, Top Heavy testing, Coverage testing, 401(a)(4) Nondiscrimination testing, and Form 5500s within the statutory timelines established by the code.  We also assist clients with preparation of allocations of employer contributions and specialized testing.  Our department partners closely with the Client Services department to assist with higher level client issues and to assist with external auditor requests.

The position is Specialist on the ERISA Compliance team for our Richfield, Ohio and/or Austin, Texas location. The position entails:

What you are good at:

• Full responsibility for ADP/ACP and other required annual plan testing and preparation of contribution allocations for medium complexity plans.
• Preparation of the Form 5500 and support external auditor requests.
• This value-add position will have direct contact with plan sponsors and their external auditors.
• Additional departmental project responsibilities are also included.

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications:

• The candidate must have a strong commitment to the highest level of client service
• Strong problem solving skills
• Ability to meet stringent deadlines
• Excellent verbal and written communication skills.
• Knowledge and experience with Microsoft Excel.

Preferred Qualifications:

• Accounting, Finance or Math background
• Direct experience in the qualified retirement plan industry
• 2+ years preferred, with experience in providing ERISA Compliance testing and reporting services.
• Knowledge of the IRS & DOL Code and Regulations for 401(k) plans. Experience with the ASC testing system is helpful.
• ASPPA QKA designation preferred.

In addition to the salary range, this role is eligible for bonus or incentive opportunities.