ABOUT ABOON
Setting up a 401(k) shouldn't be the hardest thing a business ever does. But retirement plan administration is complex, fragmented, and manual — and it slows down both business owners and the advisors who serve them. Aboon was founded to change that.
We're an AI-native third-party administrator (TPA) that makes it easy for advisors to offer 401(k)s and other retirement products by pairing streamlined workflows with dedicated human service. Backed by leading investors including Bain Capital and Edward Jones Ventures, we bring decades of experience building for advisors and the retirement industry. We're looking for exceptional, mission-driven people to build it with us.
ABOUT THE ROLE
As a Senior Plan Administrator, Compliance Services, you’ll perform the advanced technical compliance work behind the retirement plans served by Aboon, including testing, contributions, government filings, and consulting on advanced plan design and compliance topics.
Working alongside our Relationship Managers and Plan Administration team, you’ll handle advanced plan testing and corrections, peer review team work, and serve as a trusted technical expert on escalated plan matters — while continually improving the systems the team relies on and actively identifying opportunities for automation.
WHAT YOU’LL DO
Compliance Testing and Contributions
- Independently perform annual nondiscrimination and compliance testing (e.g., ADP/ACP, 410(b), 401(a)(4), 414(s), top-heavy) and monitor 402(g), 415, and 404 limits
- Calculate employer contributions across pro rata, integrated, and new comparability formulas
- Determine compensation for testing and contribution purposes, including self-employed income calculations
- Determine correction methods for failed tests and calculate the corrections, including ADP/ACP refunds and QNEC or QMAC contributions
- Monitor compliance deadlines and deliverables across the annual cycle
Data Management and Reconciliation
- Review incoming census and payroll data, resolving discrepancies independently
- Reconcile contribution discrepancies and recordkeeper asset statements
- Keep internal databases, client records, and task management systems current
- Escalate systemic data issues to the Plan Administration Lead
Government Filings and Audit Support
- Prepare and review Forms 5500 with applicable schedules, 5558, 5330, and 8955-SSA
- Prepare filings for complex plans and support the Plan Administration Lead and Relationship Managers in responding to auditor questions
- Support IRS and DOL examinations, correspondence, and client-initiated audits
Corrections and Non-Routine Work
- Identify and analyze compliance issues, including operational and demographic failures, missed amendments, and late contributions and recommend appropriate corrective methods
- Raise document failures, missed amendments, and any matter requiring a VCP, DFVCP, or VFCP submission to the Manager, Documents & Technical Services, and prepare the supporting calculations and documentation for those filings; execute and document corrections in line with Aboon's correction methodology and internal guidelines
- Partner with 3(16) Services to resolve payroll issues, calculate corrective amounts, and facilitate processing of required corrective contributions
- Manage plan terminations and prepare specialized reporting as requested
- Support plan mergers, acquisitions, and takeovers, including coverage testing and transition of prior-year data
- Draft and review template and custom client communications
Technical Consulting
- Serve as plan compliance expert for Relationship Managers, plan sponsors, financial advisors, and independent auditors, participating in client meetings as needed
- Monitor and manage incoming service requests from Relationship Managers and Plan Consultants, as well as items identified through recordkeeper communications, resolving or routing them as needed
- Research and resolve advanced plan design and regulatory questions…