“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Sr Retirement Compliance Consultant
National Rural Electric Cooperative Association [NRECA]
in Arlington VA
The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing
the strength of America’s electric cooperatives into a single powerful voice.
NRECA has won the following awards over the past few years:
Top Workplace by the Washington Post
100 Best Places to Work - ComputerWorld
50 Best Places to Work - The Washingtonian
CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
50 Greatest places to Work - AARP
Best Place to Work Award Recipient -
Gold Well Workplace - Wellness Councils of America
State of NE Governor's Wellness Award - Grower Level
At NRECA, we work with people who are leaders in their fields, they are down-to-earth, hardworking
professionals committed to helping our members serve their communities. Our work is interesting and constantly evolving and requiring new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around
the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person’s overall well-being, encouraging health, financial security, and a sustainable work/life balance.
Compliance Consultant P5
Summary Provide expert guidance and advice directly to member cooperatives and internal staff regarding NRECA retirement plans and associated compliance requirements. Navigate complex
regulatory and operational issues to design and implement innovative processes and programs that enable member cooperatives to maximize benefit value while minimizing plan compliance risk.
Purpose and Mission
Responsible for accurate and timely completion of defined contribution and defined benefit plan compliance testing, the analyses of test results, and recommendation of solutions for cooperatives who have adverse test results.
Review new plan
adoptions, plan mergers, asset transfers, plan freezes, and other complex and atypical transactions to evaluate impacts to the plan and ensure compliance with related laws and regulations.Review cooperative plan and transaction documentation for adequacy
and advises on appropriate next steps.Coordinates activities with cooperative leadership and internal staff as needed.
Serve as the technical resource to cooperatives, internal staff, and other compliance staff regarding pension plan provisions,
proposed or adopted regulatory requirements, and compliance requirements. Responsible for handling novel inquiries where precedent is not clear.
Proactively develops innovative solutions to complex regulatory changes and emerging cooperative
compliance needs.Seeks to understand root causes, identify all stakeholders, and propose and implement solutions that minimize both operational disruption and plan risk.
Collaborate with internal staff to ensure communications and training
effectively educate benefit administrators and cooperative executives about their plan compliance responsibilities.
Responsible for the proper security and disposal of any confidential information that he or she may possess in the course of
performing this position’s job duties, in accordance with NRECA’s Personnel & Administrative Policy and HIPAA Privacy and Security Policies & Procedures Manuals.
Bachelor’s degree and 8 or more years of related compliance experience with both defined benefit and defined contribution plans.
In-depth knowledge of Department of Labor (“DOL”), Internal
Revenue Code (“IRC”), and Employee Retirement Income Security Act (“ERISA”) requirements and their appropriate application to pension plans.
Strong demonstrated written and verbal communications skills.
demonstrated research and analytical skills.
Attainment of professional certifications.(QKA / QPA, ERPA, CEBS).
Advanced understanding of both defined benefit and defined contribution designs.Strong ability to communicate, both orally and
in writing, on technical and complicated issues to a non-technical audience.
Proficient in conducting ADP / ACP testing, as well as 401(a)(4), 402(g), 415, 401(a)(17), 414, 416, and 410(b) tests.