Manager, Plan Consulting

Company Overview

DWC, a subsidiary of FSG Parent L.P., provides plan document, compliance, consulting and government reporting services to more than 8,000 clients in all 50 states, ranging in size from single participant defined benefit plans to complex 401(k) plans including several thousand employees. In addition to our renowned responsiveness and obsession with detail, we put a commitment to client service at the center of everything we do. We prioritize accessibility and responsiveness, and we are obsessed with detail. Every consultant at DWC has a commitment to excellence in their DNA. Our culture emphasizes helping everyone around us perform at the highest level and requires that all work be completed at an A+ level, without exception.

DWC is continually seeking candidates to join our team who are fiercely committed to client-centered service, passionate about helping our clients and advisors, and who truly enjoy working in the retirement plan industry.

To learn more, visit https://www.dwc401k.com/

Job Summary

The Manager of Plan Consulting manages a team responsible for various aspects of defined contribution plan administration. They are tasked with guiding direct reports, overseeing departmental projects, and ensuring compliance with regulations through testing and process enhancements. The role also involves acting as a key liaison between departments, assisting with strategic decision-making, and representing the Vice President when necessary. 

Job Responsibilities

• Assists with overall assignment of departmental goals, tasks and projects
• Assists with decision-making related to regulatory changes, process improvements, etc.
• Act in place of VP when absent
• Liaison with other departments regarding issues that affect both teams
• Manages direct reports (including creating training plans, weekly check ins, helps with priorities workload & conflict resolution)
• Provides training and guidance to their team members and across Plan Administration department regarding annual Form 5500 testing and miscellaneous projects as they arise
• Takes ownership of team processes (including changes, process enhancement & decision making)
• Performs Nondiscrimination, Top Heavy & Coverage Testing for defined contribution plans up to 500 lives based on documented processes.
• Calculates retirement plan contributions and allocations, including Safe Harbor allocations, discretionary match, prorata profit sharing, Integrated profit sharing and New Comparability profit sharing.
• Performs Nondiscrimination, Top Heavy & Coverage Testing for defined contribution plans for MEPs, Controlled Groups or Affiliated Service Groups.
• Calculates corrective actions for failures in annual testing. 
• Consults and explain the results of the testing and any required corrections
• Prepares IRS Form 5500-SF, 5500-EZ and Form 5500 with schedules 
• Provides plan audit support, including reconciliations and preparation of assets and other plan reports
• Accumulates data and reconcile assets for conversion plans
• Performs peer review for annual testing and Form 5500s
• Completes preliminary or projected testing and provide consulting related to compliance and plan design. 
• Completes  compliance correction projects as needed
• Assists with training/guidance of junior team members
• Exceeds internal and compliance deadlines
• Other duties as assigned 

• 7+ years of retirement plan administration experience 
• 2-3 years of leadership experience
• FT Williams software experience preferred
• QKA Certification required 
• Ability to reconcile transactions/assets on the Trust Statement
• Advanced skill set in Microsoft Excel, must be able to build complex formulas and use V-lookup feature & pivot tables
• Strong leadership skills, must be able to train, direct and advise team members with various skillsets
• Exceptional knowledge of IRS/ DOL regulations for 401k plans
• Excellent organizational skills that are transferrable across multiple projects with tight deadlines
• Ability to multitask, prioritize and execute tasks while under pressure
• Self-Starter, highly self-motivated, ability to work independently and problem-solve with minimal direction
• Advanced listening, interpersonal, written and oral communication skills

Remote Work Information

For all virtual remote positions, in order to ensure employees can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 50 MBps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Please ensure that you are able to meet these expectations before applying.

Compensation Information

The average salary for this position is expected to be between $92,000 and $120,000/year however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. We do not anticipate candidates to be paid at the top of the range however, from time to time, it may occur on a case-by-case basis. Other rewards and benefits may include: 401(k) match, medical, dental, vision, life insurance, short and long term disability, paid-time off, etc. 

Additional Information

As an employer, we believe our success depends on diversity, inclusion, and mutual respect among our team members. We want to look like our customers, and we recruit, develop, and retain the most hardworking people from a diverse candidate pool. We are committed to making all employment decisions based on business need, merit, capability, and equality of opportunity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.