Senior Associate, Compliance (Form 5500 Filings)
Job Description:
The Role
As a Senior Associate on the 5500-QDRO team, you will be 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. You will work on plans of varying complexity and be responsible for keeping current with ERISA, DOL, and IRS regulations. Other responsibilities for this position include managing the relationships with clients’ 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 Associates on the team.
You may also provide support for our QDRO (Qualified Domestic Relations Order) processing activities.
Our talented team of professionals is looking for someone who enjoys a fast-paced environment and can provide both high-quality work and an extraordinary customer experience! This role is responsible for:
Acting as a subject matter expert for questions regarding 5500 services to our internal business partners and colleagues. Keeping current with ERISA, DOL, and IRS regulations regarding 5500 reporting.
Working with Fidelity colleagues, clients, and third parties to onboard new clients.
Accurate, efficient, and timely preparation of Form 5500 filings and providing related consulting for DB, DC, H&W and Puerto Rico benefit plans.
Working with minimal supervision and effectively prioritizing workload based upon urgency, product/client importance, client/business partner expectations, and team goals.
Developing 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-reviewing the work of junior colleagues on the team and providing mentorship.
Working on special projects.
Reviewing/Qualifying Domestic Relations Orders and preparing communications for involved parties.
The Expertise and Skills You Bring
Specific experience with Form 5500 and related filings (absolute requirement for role)
Specific 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
Exceptional client consulting skills
Excellent coaching skills
Deep understanding of form 5500 and related filing work
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.
The Value You Bring
You bring a unique blend of resilience, initiative, and strategic thinking that enables you to thrive in fast-paced, ambiguous environments. A self-starter who takes ownership of challenges and opportunities alike, with a strong predisposition toward action and continuous improvement.
Entrepreneurial and Creative: Approach problems with curiosity and creativity, always looking for innovative solutions and new ways to add value.
Collaborative Team Player: Work well across teams, valuing diverse perspectives and fostering a culture of trust and shared success.
Resourceful and Organized: Adept at juggling multiple priorities—while staying focused and organized.
Proactive and Curious: Take initiative, ask thoughtful questions, and actively seek out learning opportunities to grow both personally and professionally.
Comfortable with Ambiguity: Excel in environments where the path isn’t always clear, using strategic thinking and adaptability to navigate uncertainty.
Strong Communicator: Bring clarity and confidence to both written and verbal communication, ensuring alignment and momentum across stakeholders.
Leadership-Oriented: Held leadership roles that required vision, accountability, and the ability to inspire and mobilize others toward a common goal.
The Team
This role will reside within Workplace Consulting’s Center of Excellence (COE) organization on the 5500-QDRO Team. The Fidelity Workplace Consulting Group is made up of over 600 professionals who advise clients on the management of their domestic and global benefits. We are a fast-growing business within Fidelity, offering a broad range of services that span benefits design, strategy, funding, communication, and delivery. Many of our team leaders bring experience from other leading consulting firms. While we primarily serve Fortune 1000 companies, we also work with Fidelity clients of all sizes ranging from Fortune 50 to tax-exempt market to Fortune 2000. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting
The base salary range for this position is $80,000-153,000 USD per year.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.