Sr 401(k) Compliance Associate

| Greater NYC Area | Remote
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About Betterment:

Betterment for Business is a 401(k) service built from the ground up with the needs of the modern employee in mind. It’s selected by employers who want to offer their employees tailored financial advice that will help them create a more secure future. Betterment’s 401(k) offering is powered by Betterment’s proprietary, smart technology that automates and optimizes asset allocation to enhance financial wellness. As a fiduciary that is independent of the funds it invests in, Betterment believes that everyone has the fundamental right to expert financial advice. Headquartered in New York City and created by the largest independent online financial advisor, Betterment’s 401(k) is used by leading employers like Casper. For more information, visit www.betterment.com/401k.

About the Role:

You are motivated by providing world-class service to clients, with excellent attention to detail and a strong ability to translate 401(k) plan administration to internal and external partners. As a subject matter expert in retirement plan administration, you provide internal education on ERISA, DOL and IRS rules and  regulations. You can balance being a client advocate while prioritizing the immediate needs versus long term vision. You can work cross-functionally with several teams, including Sales, Onboarding, Client Success, and Operations to ensure Betterment for Business and clients stay compliant and keep pace with changes in the retirement benefits space. 

You are perpetually curious; always looking to improve yourself and those around you. You are able to distill complicated information for clients and internal teams to help them understand plan performance. You are entrepreneurial and can demonstrate quick thinking and creative problem-solving. You dream up ways to change and improve the way Americans save money for their retirement.

This role is remote eligible. Colorado has an annual starting salary of $72,250, a competitive equity package, health, dental and vision benefits, and a 401(k) offering. This job may also be eligible for variable compensation in the form of an incentive bonus. The actual pay may be higher depending on your skills, qualifications, and experience.

A Day in the Life: 

  • Assist with the implementation and administration of ERISA, DOL and IRS regulations and related components of our retirement plan programs 
  • Support sales teams with prospective client questions related to plan design and regulations
  • Collaborate with client facing teams on resolving plan administration questions
  • Provide thoughtful 401(k) plan design recommendations and partner with operational teams drafting and amending pre-approved plan documents
  • Serve as a resource and partner for operational teams completing annual plan compliance tasks such as non-discrimination testing, client audits and form 5500 preparation and filing.
  • Maintain up-to date knowledge of present and proposed legislation with regard to ERISA law 
  • Represent Betterment for Business at retirement industry conferences, webinars and events with senior members of the 401(k) Compliance team

What We’re Looking For: 

  • Experience with defined contribution plans including sales and client management support, design consultations, and/or non-discrimination testing
  • Strong knowledge of IRS and DOL rules and regulations relating to retirement savings plans
  • Proficiency in Salesforce, GSuite, Microsoft office; familiarity with Asana, Outlook and/or Zendesk preferred but not required
  • Knowledge of one or more non-discrimination testing systems (Ft William, Datair, ASC, Sungard Relius)
  • QPA (Qualified Pension Administrator) and/or QKA (Qualified 401(k) Administrator) license preferred

What Being at Betterment Means for You:

Joining Betterment means belonging to a community of folks passionate about change, being on a team that cares for your well-being, and continuing on a journey of non-stop growth and evolution. 

You’ll join a Community that Cares: 

  • Betterment is a place to bring your best self. We welcome families (and pets) for all our activities such as lunches, company retreats, and celebrations. 
  • Make meaningful connections with your peers through interest groups, sports clubs, social events, meetups, and regular knowledge sharing, all occurring in a remote friendly way.
  • Join one or more of our 6 Employee Resource Strategy Groups as a member or an ally, and help us shape Betterment’s culture and product for years to come.

You’ll stay Happy and Healthy:

  • We will ensure you're set up and cared for with a customizable workstation, enrollment in our 401(k) service, benefit packages that fit your needs (infertility and World Professional Association for Transgender Health approved benefits available), flexible parental leave, annual gym reimbursements and a whole suite of thoughtful benefits. 
  • You’ll have unlimited paid personal and vacation days, and a team that cares about your whole life, not just what you’re working on.

You’ll Learn & Grow:

  • Enhance your skills and abilities through Betterment University courses and additional allowance for outside learning. 
  • As part of a team that values knowledge sharing and transparency you can opt into mentoring and career coaching programs, weekly company meetings, and show & tells.

Please note that Betterment is dedicated to providing accommodations to candidates with disabilities. If you need accommodations at any point throughout the interview process, please reach out to [email protected] 

What Happens Next?

We expect to take a few weeks to review all applications. If we would like to spend more time with you, you will hear from us to arrange next steps. You can expect 3-4 sets of conversations, all remote, with your future colleagues in the weeks following your application.

Throughout the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our interview questions will be behavioral, aimed at understanding how you might operate here at Betterment. We may ask you to complete a case study exercise or technical assessments, depending on the role, as we aim to collect a robust set of data points throughout the interview process.

On average, it takes us around 2-3 weeks to complete the interview process. As a best practice, we aim to interview at least 3 final round candidates before making a hiring decision. 

Please note that we’re unable to offer individual feedback during the interview process. We usually see 1,000+ applications for open positions, and our hiring team simply doesn’t have the bandwidth to offer personalized feedback to each candidate. 

We recognize that interviewing for a new role is a big deal. We appreciate you giving us consideration as the next step in your career. Our Recruiting Team is here to support and advocate for you through the interview process, so please let us know how we can help. 

Come join us!

We’re an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law. 

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We're centrally located in Manhattan right next to Madison Square Park. Enjoy all the great eats and a nice stroll around the park.

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