About the role

Aplyr's Quick Take

This role is for a Paralegal focused on reviewing and qualifying Domestic Relations Orders (DROs) related to retirement plans. You'll be analyzing legal documents, ensuring compliance with ERISA and IRC regulations, and communicating with various stakeholders about the qualification process. It's primarily an individual contributor role with a strong emphasis on detail-oriented work.

Good fit

Ideal candidates have 3+ years of paralegal experience, particularly in QDROs or retirement plan administration. A strong legal background, attention to detail, and good communication skills are essential for success in this position.

Worth noting

The role requires familiarity with specific legal regulations and retirement plan language, which may limit applicants to those with specialized experience. The position also involves significant interaction with clients and attorneys, which could be a plus for those who enjoy direct communication.

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow.

Ascensus is seeking a detail-oriented and experienced Paralegal to join the Plan Solutions Servicing team. This position is responsible for reviewing and determining the qualified status of Domestic Relations Orders (DROs) in accordance with the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). The ideal candidate will have experience working with retirement plans and a strong understanding of legal compliance requirements related to Qualified Domestic Relations Orders (QDROs).

Key Responsibilities:
• Review Service Agreement to confirm QDRO review and determination services are included in the client contract
• Review Domestic Relations Orders submitted for qualification under applicable retirement plans.
• Determine whether DROs meet the requirements of a Qualified Domestic Relations Order under ERISA and the IRC.
• Communicate with plan participants, alternate payees, attorneys, and internal departments regarding the QDRO qualification process.
• Draft correspondence explaining deficiencies in proposed orders and suggest appropriate revisions.
• Maintain accurate records of all QDRO-related activity.
• Provide support to client service teams to assist plan administrators regarding compliance and procedural updates.
• Ensure all determinations are consistent with plan provisions and applicable federal law.
• Monitor developments in QDRO regulations and best practices.
• Assist in developing and maintaining QDRO procedures.

Qualifications:
• Associate’s or Bachelor’s degree; Paralegal certification preferred.
• 3+ years of paralegal or legal assistant experience, with specific experience in QDROs or retirement plan administration.
• Working knowledge of ERISA, IRC, and other laws affecting retirement plans.
• Strong analytical and legal writing skills.
• High attention to detail and ability to manage multiple files with competing deadlines.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office and document management systems, including Workfront, Fresh Services, Chorus, IMPACT, CLIFF, and BOX.com.

Preferred Skills:
• Experience working with defined benefit and defined contribution plans.
• Familiarity with pension plan language and actuarial terminology.
• Experience with contract review.

Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.

Aplyr's read

Ascensus empowers individuals to secure their financial future through innovative savings solutions, attracting professionals dedicated to personalized service and technological advancement.
Synthesized from recent postings & public sources

What's promising

•Ascensus is a leader in retirement and college savings, providing stability in the financial services sector.
•The company invests in innovative technology, enhancing its service offerings and operational efficiency.
•Employees benefit from a culture focused on personalized service, fostering strong client relationships.

What to watch

•The financial services sector is highly competitive, posing challenges for market differentiation.
•Regulatory changes in retirement savings can impact business operations and strategy.
•Limited public information about Ascensus's diversity and inclusion initiatives.

Why Ascensus

•Ascensus specializes in both retirement and college savings, offering a dual focus uncommon in the industry.
•The company emphasizes personalized service, setting it apart in a tech-driven financial landscape.
•Ascensus's commitment to innovative technology supports its leadership in savings solutions.

Aplyr’s read is generated by AI from public sources. Was it useful?

About Ascensus

Ascensus

ascensus.com

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Ascensus is a leading provider of retirement and college savings solutions, dedicated to helping individuals save for their future through innovative technology and personalized service.