Senior Associate, Compliance (Form 5500 Filings)

The Senior Associate on the 5500-QDRO Team is responsible for working with clients to complete government Form 5500 filings for DB, DC, and Health & Welfare plans for a book of business containing clients with small to large plans.  The Senior Associate works on plans of varying complexity and is responsible for keeping current with ERISA, DOL, and IRS regulations.  Other responsibilities include managing client relationships with service providers – such as auditors, trustees, record keepers, and insurance agents; acting as a technical resource for clients, colleagues, and various internal business partners; peer-reviewing the work of Associates on the team; and serving as a mentor for others.

The Senior Associate may also provide support for our QDRO (Qualified Domestic Relations Order) processing activities.

• Specific experience with Form 5500 and related filings required

• Experience with Form 5500 filing software (FT William, Relius, EFast, etc.)

• 7+ years working with DB, DC, or Health & Welfare plans

• Bachelor’s Degree or equivalent work experience

• Outstanding client consulting skills

• Excellent coaching skills

• A deep understanding of form 5500 and related filing work.

• You are technically inclined with application experience and proficiency (e.g.- Excel, Word, PowerPoint, database tools, ad-hoc query development, etc.).

• Strong project management skills, the ability to balance/prioritize multiple projects, and an understanding of risk and time management.

• Ability to work within budgeted timeframes to maintain client profitability without sacrificing quality.

• Impressive oral and written communication skills.

• Focus on quality, details, and meeting client expectations.

• Strong customer service approach.

• Organized, self-motivated, and focused on meeting deadlines

Note: Fidelity will not provide immigration sponsorship for this position.

• Act as a subject matter expert for questions regarding 5500 services to our internal business partners and colleagues.  Keep current with ERISA, DOL, and IRS regulations regarding 5500 reporting.

• Work with Fidelity colleagues, clients, and third parties to onboard new clients.

• Accurately, efficiently, and timely prepare Form 5500 filings and provide related consulting for DB, DC, H&W and Puerto Rico benefit plans.

• Work with minimal direction and effectively prioritize workload based upon urgency, product/client importance, client/business partner expectations, and team goals.

• Develop strong relationships with clients – including their service providers (auditors, recordkeepers, and insurance agents), and internal business partners – including Managing Directors, Operations Delivery Leaders, Consultants, COE colleagues, and Account Managers.

• Peer-review the work of junior colleagues on the team and provide mentorship.

• Work on special projects.

• Expand overall knowledge of the Workplace Consulting Group.

• Review/Qualify Domestic Relations Orders and prepare communications for involved parties.

This role will reside within Workplace Consulting’s Center of Excellence (COE) organization.  You will be responsible for a caseload of Form 5500 filings and QDRO work.  Quality, attention to detail, and strict adherence to deadlines will be reflected in the work you deliver.  You will support the COE’s interests in collaborating with the cross product/functional subject matter experts, and other lines of business.  You will work to solve problems and be empowered to make decisions based on trends, issues, and business drivers.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.   

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.  These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.  Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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.