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Consultant, Plan Sponsor Compliance

Lincoln Financial Group Fort Wayne, IN

Job Description

Alternate Locations: Fort Wayne, IN (Indiana); Rolling Meadows, IL (Illinois); Work from Home

Relocation assistance is not available for this opportunity.

Requisition #39301

About the Company

Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $222 billion in assets under management as of March 31, 2015.

The Role


As the Plan Sponsor Compliance Consultant, you will consult/analyze and delivery on more complex assignments/projects while simultaneously leveraging and applying knowledge of assigned area(s) of responsibility. You will be accountable for nondiscrimination testing, IRS Form 5500 filing, and employer and forfeiture contribution allocations for various types of employer sponsored retirement plans. You will also manage the annual plan compliance process.



Business Acumen

  • Maintains knowledge on current and emerging developments/trends, assess the impact, and collaborates with management to incorporate new trends and developments in current and future solutions
  • Champions and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives
  • Consults/Analyze on more complex assignments/projects while simultaneously leveraging and applying knowledge of assigned area(s) of responsibility
  • Identifies and communicates to management process improvements that reduce workloads or improve quality
  • Serve as a technical resource for customers, distribution partners, LFG associates, and other business partners for more complex plan design on plan testing, recommending plan design alternatives and subsequent amendment language for plan documents
  • Evaluate and/or modifies existing procedures as needed to increase customer satisfaction and team effectiveness
  • Provide training and support to team members
  • Serves as a resource & coaches team members to enhance organizational knowledge
  • May train and mentor team members, producers, plan administrators, and other areas as well



  • Manages the annual compliance process performing more complex nondiscrimination testing, IRS Form 5500 filings, and employer and forfeiture allocation of contribution ensuring compliance with guidelines set by ERISA, IRS and DOL
  • Independently analyzes and manipulates more complex employer data to accurately perform various nondiscrimination tests to ensure that all plans are in accordance with regulations
  • Works directly with more complex Plan Sponsors to address data questions and any resulting compliance failures Explains corrective steps required by the Plan Sponsor as a result of compliance failures
  • Prepares signature ready more complex IRS Form 5500 and supporting schedules, Summary Annual Reports and Form 8955-SSAs and responds to auditors requests for information
  • Consolidates more complex multiple vendor reports from outside of Lincoln for reporting on the Form 5500
  • Prepares more complex contribution illustrations for existing plans wanting to change their plan design
  • Present illustrations over the phone or at clients location if requested
  • Interprets individually designed and prototype more complex plan documents to ensure continual compliance with legal interpretation and ramifications of continually changing Federal tax laws and regulations
  • Maintains a thorough understanding of more complex plan document provisions, specifying testing techniques and/or testing correction methods versus generally available plan testing alternatives as prescribed by the IRS
  • Process more complex final services for plan and service terminations within timeframes mandated by regulatory guidelines
  • Reviews accuracy and quality of other team members work through peer review
  • Meet established turnaround times and IRS and DOL deadlines to avoid financial penalties
  • Must be willing to work frequent and significant extra time during high volume periods





  • 4 Year/Bachelors Degree or equivalent work experience (4 years of experience in lieu of Bachelors)



  • 3-5+ Years’ experience retirement plans that directly aligns with the specific responsibilities for this position
  • Ability to read, analyze and interpret both internal and external documents such as general media/publications, professional journals, technical procedures, governmental regulations, policies, proposals, and standard operating procedures
  • Confident, comfortable communicator with strong written and verbal communication skills
  • Apply concepts such as probability, statistics, modeling, percentages, ratios, and proportions to practical solutions
  • Works with mathematical concepts such as averages and/or variances
  • Ability to analyze information and the implications of a course of action or solution
  • Ability to interpret and apply common sense understanding to carry out a variety of instructions furnished in written, oral, or diagram form
  • Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists
  • Define problems, collect data, establish facts and draw valid conclusions
  • Evaluate trends in data or information
  • Ability to perform under stress in cases of emergency, critical or hazardous situations
  • Ability to work with others in a team environment
  • Demonstrated solid relationship management skills with internal clients (e.g. management, peers and colleagues)
  • Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail
  • Demonstrates strong project management skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines
  • Demonstrates strong interpersonal skills with a collaborative style
  • Demonstrates the ability to use sound judgment and discretion regarding confidential information
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding


This position may be subject to Lincolns Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincolns current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Job Details

Date Posted August 29, 2017
Date Closes September 28, 2017
Requisition 39301-en_US
Located In Fort wayne, IN
Department Compliance
SOC Category 00-0000.00