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The Role
As a Plan Consultant (PC), we draft and execute Fidelity’s Pre-Approved Plan Document. We interpret plan provisions from outside plan documents and recognize potential issues in document and operational integrity. We also complete the contract (Service Agreement) between the client and Fidelity. During this process, the PC may need to negotiate the contract language.
Analyze plan documents to determine compatibility with Fidelity's Pre-Approved Plan Document, identifying IRC Section 411(d)(6) protected benefits, and ensuring that plan documents have been timely amended and updated for required law and regulation changes.
Review plan provisions as well as Fidelity services with employers (and consultants or attorneys, if they have one) to facilitate the selection of plan features.
Draft, negotiate, and finalize the creation of the Pre-Approved Adoption Agreement and Service Agreement
Communicate within the department and to appropriate business partners project progress, issues, and accomplishments.
Review and negotiate document exceptions to the Fidelity Pre-Approved Plan Document.
Negotiate service exceptions including modifications to the terms of the contract (Service Agreement).
Sign documents on behalf of FMTC and Fidelity Workplace Services.
Participate in process improvement and companywide initiatives.
Previous Defined Contribution retirement plan experience preferred.
Strong understanding of ERISA and regulatory issues especially related to 401(k)/403(b) plans.
College Degree or equivalent experience preferred.
CPA, CEBS, ERPA or ASPPA designation(s), a plus.
Strong contract negotiation skills: ability to articulate a point of view in a compelling & succinct manner
Excellent written and verbal communication skills
Application knowledge: Microsoft Office, Zoom, Microsoft Teams, Salesforce, Plan Central, XTRAC
Ability to handle multiple projects at one time, applying proper time management skills and using good judgment to figure out the order of task completion
Demonstrated problem solving and client management abilities
Possess the ability to apply learning and comprehend and explain technical concepts
We are part of the Workplace Investing Implementation group. We work on conversions and corporate actions for plans in all market segments using the Fidelity Pre-Approved Plan Document. We work directly with employers, consultants, advisors, attorneys, and internal business partners. Our success mitigates risk for the client and Fidelity.
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a Best Place to Work in 2022. And you don't need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you've always imagined.
Many of our associates are continuing to work remotely temporarily due to COVID-19. When Fidelity employees eventually return to the office, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we're calling "Dynamic Working."
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 3.
Full Time
Business Services
$104k-140k (estimate)
04/10/2023
06/09/2024
fidelityrecruitment.com
LONDON
500 - 1,000
2002
ROBERT MUSGROVE
$50M - $200M
Business Services
The job skills required for Plan Consultant include Problem Solving, Time Management, Retirement Plans, etc. Having related job skills and expertise will give you an advantage when applying to be a Plan Consultant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Plan Consultant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Plan Consultant positions, which can be used as a reference in future career path planning. As a Plan Consultant, it can be promoted into senior positions as a Finance & Insurance Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Plan Consultant. You can explore the career advancement for a Plan Consultant below and select your interested title to get hiring information.