Hybrid Plan Consultant

at skillventory - A Leading Talent Research Firm

• Job title: Plan Consultant
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Westlake, United States

About the role

• Plan Consultant at Fidelity executing Pre-Approved Plan Documents and negotiating client contracts while ensuring compliance with ERISA regulations.

Responsibilities

• As a Plan Consultant (PC), we draft and execute Fidelity’s Pre-Approved Plan Document.
• Interpret plan provisions from outside plan documents and recognize potential issues in document and operational integrity.
• Complete the contract (Service Agreement) between the client and Fidelity.
• Analyze plan documents to determine compatibility with Fidelity's Pre-Approved Plan Document, identifying IRC Section 411(d)(6) protected benefits, and ensuring that plan documents have been timely amended and updated for required law and regulation changes.
• Review plan provisions as well as Fidelity services with employers (and consultants or attorneys, if they have one) to facilitate the selection of plan features.
• Draft, negotiate, and finalize the creation of the Pre-Approved Adoption Agreement and Service Agreement.
• Communicate within the department and to appropriate business partners project progress, issues, and accomplishments.
• Review and negotiate document exceptions to the Fidelity Pre-Approved Plan Document.
• Negotiate service exceptions including modifications to the terms of the contract (Service Agreement).
• Sign documents on behalf of FMTC and Fidelity Workplace Services.
• Participate in process improvement and companywide initiatives.

Requirements

• Previous Defined Contribution retirement plan experience preferred
• Strong understanding of ERISA and regulatory issues especially related to 401(k)/403(b) plans.
• College Degree or equivalent experience preferred
• CPA, CEBS, ERPA or ASPPA designation(s) preferred
• Strong contract negotiation skills: ability to articulate a point of view in a compelling & succinct manner
• Excellent written and verbal communication skills
• Application knowledge: Microsoft Office, Zoom, Microsoft Teams, Salesforce, Plan Central, XTRAC
• Ability to handle multiple projects at one time, applying proper time management skills and using good judgment to figure out the order of task completion
• Demonstrated problem solving and client management abilities.
• Possess the ability to apply learning and comprehend and explain technical concepts

Benefits

• Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.