Job FamilyLegal Counsel
Job Description SummaryWe are seeking an attorney for a critical role supporting our retirement plan businesses. In this position, you will be a key contributor within a team of attorneys who provide strategic legal guidance to our business partners supporting our retirement recordkeeping and plan administration businesses.
Job Description Responsibilities:- Provide legal support in the development, maintenance, and offering of retirement plan recordkeeping and plan administration products and services, involving 401(k), 403(b), 457(b), defined benefit plans, nonqualified plans, pooled employer plans (PEPs), other multiple employer plans (MEPs), stable value products, CIT investments, and other products.
- Assist with the preparation, review, and negotiation of contracts and documents, including recordkeeping, trust and custodial agreements, TPA and 3(16) administrative services, investment advisory and management (3(21)/3(38)) agreements, and vendor and TPA agreements.
- Develop expertise to provide guidance on plan documents, notices and communications, including ERISA 408(b)(2) and 404(a)(5) disclosures, ERISA 404(c) considerations, QDROs, beneficiary designations, claims/appeals processes, discrimination testing and corrections and other relevant topics.
- Monitor and review regulatory developments and brief stakeholders on potential business impacts, as directed.
- Assist in drafting regulatory responses to examinations and inquiries (DOL/IRS/PBGC), including document production and remediation plans.
- Commensurate with experience, advise on plan sponsor and participant issues, operational issues, and complaints.
- Collaborate with regulatory support, compliance, risk, operations, product, sales/distribution and other internal stakeholders to develop and implement policies and procedures.
- Contribute to complex legal issues where analysis requires identification and evaluation of multiple factors; deliver practical, business-oriented solutions in a fast-paced environment.
- Partner with senior attorneys in keeping senior business management and operations personnel apprised of pertinent legal and regulatory developments affecting retirement products and services.
- Exercise judgment regarding legal advice with guidance from senior attorneys; communicate clearly and effectively with diverse technical and non-technical audiences.
- Employ innovative thinking to help the business implement creative, cost-effective, and realistic solutions; foster an inclusive, collaborative culture.
Qualifications:- JD from an ABA-accredited law school.
- Member of the Bar in good standing in any U.S. jurisdiction.
- Two or more years of relevant legal experience focused on ERISA/retirement plans at a sophisticated law firm, consulting firm, or in-house legal department.
- Able to effectively communicate, both written and oral, exercise sound judgment, and adapt legal advice to business needs while being agile and comfortable in a rapidly changing corporate environment.
- Proficient using MS Office
Preferred Qualifications:- Strong knowledge of ERISA Title I, DOL regulations and advisory opinions, Internal Revenue Code provisions applicable to retirement plans, and ERISA fee disclosure regimes (408(b)(2), 404(a)(5)); familiarity with SECURE 2.0 and related guidance; working knowledge of nonqualified plans is a plus.
- Experience negotiating retirement services agreements (recordkeeping, trust/custody, advisory 3(21)/3(38), 3(16)), investment management arrangements, collective investment trust participation, and data/privacy provisions.
- Experience with pooled plan structures, plan administration and/or defined benefit plans is a plus.
- Strong organizational and project management skills, with the initiative, ownership, and attention to detail needed to manage multiple priorities, work autonomously, and deliver high-quality results in a fast-paced, deadline-driven environment.
Working Conditions:
- Hybrid office environment: 3 days in office (Tues/Wed/Thurs)
- Locations: Baltimore, Denver, Cedar Rapids, Philadelphia
- Occasional travel to meet with leaders, other team members, and business partners.
Compensation:- The Salary for this position generally ranges between $145,000 - $160,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
- Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.
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This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
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- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer-not through text or email.
What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
- Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
