Senior Specialist, Plan Design

Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement education and healthcare savings needs. Today Vestwell enables over 350000 businesses and nearly 1.5 Million active savers with over $30 billion in assets saved across all 50 United States.

Vestwell offers a range of products including workplace-delivered retirement plans employer-offered student loan repayment benefits and various savings accounts for education emergencies and individuals with disabilities.

Vestwells platform serves a diverse clientele including financial advisers employers third-party administrators financial institutions payroll providers government agencies and individual savers. To learn more

Who Are We Looking For

Vestwell is expanding and were excited about adding a Senior Plan Design Specialist to our Retirement Services team who is passionate about our mission to change the retirement FinTech space. At a high level were looking for a dedicated consultant to support our Sales and Plan Design teams in plan design illustrations and consultation as well as manage the transition for incoming plans through implementation. Ideally you have spent over 8 years working with sponsors recordkeepers and/or TPAs and have dedicated some time servicing the plan design compliance and plan document sides of 401(k) plan servicing.

What Will You Be Doing

As a Senior Plan Design Specialist you will play a pivotal role in supporting our Sales and Plan Design teams. Your responsibilities will include plan design consultations plan design reviews drafting plan documents aligned with Vestwell platform capabilities and ensuring a seamless transition from Plan Design to Implementation for incoming clients.

Day-To-Day You Will Also Be Expected To:

• Plan Design Consultation - Collaborate with Plan Sponsors to create optimal defined contribution plan designs addressing queries and ensuring a clear understanding of chosen plan specifications.
• Illustration support - Provide swift and detailed plan analysis including profit sharing and safe harbor design comparisons offering commentary to support recommendations.
• Plan document review - Support sales in conversion contract considerations by performing a plan spec review against supported and outsourced design models; capture plan design conversations and decisions from presale sale and onboarding processes to create new plan documents
• Subject matter expertise - Support team members with process reviews research and documentation related to plan design plan proposals and onboarding.
• Project management - Ensure a smooth transfer of incoming plans from Sales to Implementations.
• Plan document creation - Perform plan restatement evaluations including prior plan document to restated plan document mid-year change assessments protected benefit analysis and alignment with Vestwell platform requirements.
• On-call support - Provide live support for team members clients and advisors to discuss plan design suggestions or required changes.
• Product support - Contribute to discussions with product and engineering teams to continually iterate on our technology supported design & onboarding processes.

Requirements

The Necessities

• Strong commitment to delivering superior service.
• Considerable background in defined contribution/qualified plan experience including sales support design consultation document drafting and non-discrimination testing.
• Thorough understanding of Employee Retirement Income Security Act (ERISA) Department of Labor (DOL) Internal Revenue Service (IRS) regulations
• Keen attention to detail deadlines and customer service needs.
• Collaborative approach with internal stakeholders and with clients to clearly communicate the process timing and plan design considerations of new and restated plans.
• Strong commitment to proactively managing workload.
• Positive collaborative and proactive attitude.
• Proficiency with Excel and Microsoft Office suite; Google Workspace; cloud-based client portals and internal network drives.

The Extras

• Knowledge of one or more non-discrimination testing systems (Ft William Datair ASC Sungard Relius)
• Knowledge of one or more plan document drafting systems (e.g. FT William Datair ASC Sungard Relius)
• Qualified 401(k) Administrator (QKA) or higher credential from ASPPA

This role will be based in Vestwells NYC Austin King of Prussia or Phoenix office and will be part of Vestwells hybrid in-office operation. For exceptional candidates were open to hiring this role fully remote.

The expected base salary range for this position is $80K - $90K. This position is eligible to participate in the Company Bonus Pool and is eligible to receive new hire equity in the Company. Please note that salary bands are based on NY and other similar metro areas and may differ based on where the role is ultimately hired.

OUR BENEFITS

Were an innovative high-growth company with lots of exciting milestones ahead. We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee we offer competitive health coverage and generous vacation offering. We have adopted a hybrid office policy but all employees are welcome at our bright comfortable office with many workspace options in our Midtown Manhattan Austin King of Prussia and Phoenix offices so everyone has a setting that is the most productive for them. Oh and naturally we have a great 401(k) plan!

OUR PROCESS

It starts the same for every candidate: getting to know the team members through 1-2 conversations about Vestwell your experience and your interests. Next steps can vary by role but the usual next steps are a skill or experience screen (e.g. a coding interview for an Engineer a portfolio review for a Designer deeper experience call for other roles) which leads to a virtual or in-person interview panel after that if the screens go well.Before making an offer our interview process concludes with a references check stage for your recruiter to meet with a current or former supervisor and peer.We prioritize transparency and lack of surprise throughout the process.

For your awareness you will only receive correspondence from any other domain not ending not our Recruitment team.

VestwellsPrivacy Policy.Attention California residents: In the course of conducting our business and complying with federal state and local government regulations governing such matters as employment tax insurance etc. we must collect Personal Information from you. Should you accept employment with Vestwell you may view our California Privacy Rights Act here:Vestwells California Privacy Rights Policy.