Defined Plans Counsel / Compliance Officer

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Defined Plans Counsel / Compliance Officer
The candidate will review and monitor proposed and existing federal and state legislation implicating the §457(b) SMART and §401(k) CORE plans. Provide legal counsel to the Department on all matters relevant to operation and management of defined contribution plans, inclusive of the SMART Plan and the CORE Plan. Evaluate and advise on the implementation and administration of ERISA, DOL and IRS regulations and related components of the retirement programs. Participate in the development and promulgation of Department policy, regulations and interpretative materials for the SMART Plan and the CORE Plan. Provide day-to-day advice, direction and education on processes and controls to ensure compliance with ERISA, DOL and IRS rules relating to the SMART Plan and the CORE Plan. Partner with Operations and client facing teams to design processes and controls to ensure applicable reporting and disclosure requirements are met, including plan sponsor and participant required disclosures. Review and assist in the successful execution of ongoing and annual CORE Plan compliance tasks such as quarterly plan compliance audits and form 5500 preparation and filing in conjunction with DC Plans Director of Operations, recordkeeper and §3(16) administrator. Participate in procurement activities as required, including negotiation of investment management contracts for the SMART Plan and the CORE Plan. Assist in monitoring of the SMART Plan and the CORE Plan investment managers to ensure compliance with their respective investment management contracts. Review and assist in drafting and development of legislation affecting the Department. Review internal controls on an ongoing basis and make recommendations to improve overall governance for both the SMART Plan and the CORE Plan. Participate in any internal Treasury, Commonwealth, SMART Plan, and/or CORE Plan audits. Along with the Treasury General Counsel, serve as the Department’s liaison with the Attorney General’s Office on any matter in which the Department is a party or implicated. Represent the Plans in any court matters if needed. As necessary, participate in responding to public records request and subpoenas. Perform other legal tasks as requested. Travel as may be necessary or required. Education: J.D. from accredited law school required. License/certification: Massachusetts bar certification and good standing with the Massachusetts Board of Bar Overseers required. Understanding of retirement savings plans required. 3 years’ experience in law firm and/or governmental agency. Experience in litigation and administrative law; contract negotiation and interpretation; and statutory and regulatory interpretation required. Must have experience with compliance, design, and implementation of qualified retirement plans. Abilities/ skills: Excellent research skills, including facility with Westlaw and other on-line research tools; adept with Microsoft Office suite of products, including Word, Excel, and Outlook; strong attention to detail, organized, and adept at prioritizing and reprioritizing tasks; ready team player, growth mind set, self-directed and self-motivated, and ability to work independently, all with limited administrative support required. Strong knowledge of IRS and DOL rules and regulations relating to ERISA and governmental retirement savings plans preferred.

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