401K Compliance Project Manager
Job Description:
The Role
The COE team builds and maintains tools for Fidelity’s 401(k) compliance services, including nondiscrimination testing, Form 5500, annual reporting, and contribution allocation services. We coordinate with clients to support them in annual 401(k) plan administration. We document, prioritize, and test stories for agile development by partners in WI Technology. Setup functional and regression testing, and communicate the results of system installs to our partners. We coordinate monthly reconciliation, set-up, launching and monitoring of more than 125,000 reporting campaigns. Sprint and Quarterly development planning, communication with business leadership, and ongoing monitoring and communication of status. Mitigate risk with incident management and install validation. We partner across various business units on modernization efforts in Communications, Process, and Technology.
The Expertise and Skills You Bring
401(k) Nondiscrimination testing (NDT), Form 5500, or annual reporting expertise required
Bachelor’s Degree or equivalent experience
Experience working with program and project management
Experience with technology development lifecycles (Waterfall, Agile, Scrum)
Risk mitigation and analytical skills
Current ASPPA designation preferred
Experience with compiling and analyzing data preferred (examples: Excel, Power BI, SQL, Tableau)
Knowledge of NDT, Form 5500, annual audit, and 401(k) plan design
Ability to understand and apply regulatory updates such as SECURE Act to systems and procedures
Ability to develop business requirements for annual updates to NDT, Form 5500, and annual reporting systems
Experience with test case design and execution a plus
Lead projects and coordinate project contributors
Ability to summarize and clearly articulate complex issues, summarize key points, and communicate findings
Highly organized, detail oriented with outstanding follow-through
Note: Fidelity is not providing immigration sponsorship for this position
The Team
Testing and Reporting Services (TRS) provides annual reporting and other services to more than 25,000 plan sponsors at Fidelity Investments. TRS’ services span several work streams: Plan Year End Summary (PYES), Form 5500, Employer Calculations & Additional Testing (ECATs), Nondiscrimination Testing (NDT), and Customer Service. TRS produces more than 125,000 annual reporting campaigns which are provided electronically via our highly secure client portal – Plan Sponsor Webstation (PSW). This suite of reporting is the underpinning for our plan sponsor’s annual compliance related activity. Services we provide are provided to clients’ auditors and to governmental agencies such as the Department of Labor (DOL) or Internal Revenue Service (IRS). Our team manages Service Level Agreements and regulatory deadlines that must be met in order to avoid penalties and to maintain client satisfaction.
The TRS Center of Excellence (COE) team is a group of experienced analysts, project managers, and compliance experts who work with teams across TRS and Fidelity Workplace Investing on modernization efforts in Process and Technology.
Certifications:
Category:
ComplianceMost 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.
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.