Position Purpose : Primary responsibilities include providing consulting services to Ascensus clients through Ascensus technical access service, providing in-house consulting, conducting seminars, technical research, analysis and special projects as assigned.
Essential Duties and Responsibilities :
Job Responsibilities of ERISA Consultant
Design, write, and update internal or external training modules on ancillary laws
Fee-for-Service Engagements (Corrections, Controlled Group Determinations, Determination Letter Filings)
Independently perform custom advanced external fee for service consultations (e.g., nonbank trustee applications, group submissions, VFCP)
Disputes, Policies, Inquiries and Subpoenas
Draft formal responses to legal or other inquiries to attorneys, the IRS, DOL or other governmental agency
Draft template and customized correspondence and legal memorandum
Expansion of Services
Independently perform review and approval of QDROs and other advanced benefit claims processing (e.g., hardship distributions)
Assist with QDRO consultations and other advanced benefit claims processing (e.g., hardship distributions)
Independently perform review and approval of death claims
Assist with death claim consultations
Complete advanced legal research projects and present advanced legal research findings
Mentor associates to conduct retirement plan and legal research
Write comprehensive findings and recommendations of advanced legal research projects (e.g., white paper)
Retirement Technical Knowledge (QRP and specialty plans (e.g., 403(b), 457, DB, Cash Balance, ESOP, non-qualified, 409A))
Demonstrate basic understanding of ESOP, non-qualified plans, and 409A plans
Demonstrate functional knowledge of associated regulatory agencies (e.g., SEC, FINRA, NAFCU, FDIC, OCC, OTS)
Demonstrate functional knowledge of retirement income planning strategies
Demonstrate knowledge of the various business structures (e.g., sole proprietor partnerships, corporations, LLC, non-profit, stock attribution, foreign affiliates)
Demonstrate basic knowledge of state laws that apply to retirement plans (e.g., withholding, domestic relations, debtor / creditor, preemption)
Obtain continuing education credits to maintain licensure in at least one jurisdiction
Work with corporate legal counsel to review and draft agreements and perform other corporate legal work as necessary (e.
g., copyright, trademark)
Successfully mentor Retirement Attorney
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and / or unapproved disclosure of information that could result in harm to Ascensus or our clients.
The I-Client philosophy and the Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
Minimum Requirements :
JD from an accredited law school. Maintain an active license in at least one jurisdiction
5 years of Ascensus experience or 7 years industry experience
Performance Review Ratings
Performance review ratings of exceeding expectations
Core Values & I-Client
Consistently display and model the Ascensus core values and I-Client philosophy
Prior Consultant Level Completion
Successfully demonstrate job responsibilities of Consultant 3
Prior Attorney Level Completion
Successfully demonstrate job responsibilities of Retirement Attorney
At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners.
Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversityhoused within our Core Values : People Matter.
Quality First. Integrity Always.®
As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.
Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and / or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws (Protected Status).