Plan Document Consultant

Profile Summary :

The Plan Document Consultant is responsible for the installation and ongoing plan document support of sponsors that meet the criteria for Voya’s plan document services. The Plan Design Consultant plays a pivotal role in supporting our Sales and Client Transition Management teams. Responsibilities will include plan design consultations, plan design reviews, drafting plan documents aligned with OMNI platform capabilities, and ensuring a seamless transition from Plan Design to Implementation for onboarding clients.

Profile Description :

Have a detailed understanding and ability to interpret sophisticated plan documents and code provisions, including a familiarity with Pre-Approved, Custom and Volume Submitter documents for tax- exempt (401(a) 403(b) and 457(b) Plans) and corporate sponsors (401(k) Plans

Prepare and maintain all Plan Documents for startup, spinoff, and conversion retirement Plans, including Plan Amendments, Restatements, Summary Plan Descriptions, and all supporting documents.

Successfully manage the plan document restatements from start to finish.

Collaborate with Plan Sponsors and Advisors to create optimal defined contribution plan designs, addressing queries, and ensuring a clear understanding of chosen plan specifications.

Offer comprehensive plan design consultations with plan sponsors during the onboarding process.

Assist in the development workflows, tools, and procedures to enhance the client experience around Voya’s plan document services.

Perform merger comparisons and protected benefits analysis of both pre-approved and individually designed plan documents.

Aid in pre-sales reviews of plan documentation to assist the sales and client services departments to evaluate potential business.

Conduct legal research related to guidance provided by the DOL and IRS, ERISA regulations, applicable legislative and judicial updates as well as state and federal regulations.

Provide consultative support to internal partners, reviewed complex and unique requests with subject matter experts from legal, product, and operational support teams to confirm internal operating procedures and leverage findings to draft plan documents and amendments that align with record keeping capabilities.

Identify plan provisions that may not be supported by the Voya pre-approved plan document or product offer and consult with clients and related parties to identify alternative plan design solutions.

Knowledge & Experience :

Proficient knowledge of ERISA and IRS regulations relating to retirement plans.

Considerable background 5+ years in defined contribution / qualified plan experience including sales support, design consultation, document drafting, and non-discrimination testing.

Ability to operate and prioritize deliverables in a multi-tasking environment.

Knowledge of Microsoft applications including Excel, Word Teams, and PowerPoint

Experience with FIS ASP, Exchange, DMS, FTW, ASC or other plan document drafting tools is essential.

Salesforce and DocuSign experience.

Positive, collaborative, and proactive attitude.

Compensation Pay Disclosure :

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and / or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and / or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$85,000-$95,000

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind : To help you and your family be well and stay well.

What We Offer

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250 / year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture :

Equal Employment Opportunity

Reasonable Accommodations