Counsel 2 – ERISA/Retirement Recordkeeping and Plan Administration Counsel (Hybrid)
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Overview
Job Description
Job Family
Legal CounselAbout Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group servingapproximately 23.9 million customersworldwide. For more information, visit transamerica.com.
Job Description Summary
We 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. Why Join Transamerica? You’ll have an opportunity to work with a leading life insurance, annuity and retirement company in a supportive environment with professional development and growth opportunities.Job Description
Responsibilities:
Provide legalsupport in the development, maintenance, and offering of retirement planrecordkeeping and plan administrationproducts and services,involving401(k), 403(b), 457(b), defined benefit plans,nonqualified plans,pooled employer plans (PEPs),othermultiple employer plans (MEPs), stable value products, CIT investments, and other products.
Assistwith the preparation, review, and negotiation ofcontracts and documents, including recordkeeping,trustand custodial agreements,TPA and3(16) administrative services, investmentadvisoryand management (3(21)/3(38))agreements, and vendorandTPA agreements.
Developexpertiseto provide guidance on plan documents,noticesandcommunications, includingERISA408(b)(2) and 404(a)(5)disclosures,ERISA404(c) considerations, QDROs, beneficiary designations, claims/appeals processes, discriminationtesting and correctionsand other relevant topics.
Monitorandreviewregulatory developments and brief stakeholders on potential business impacts, as directed.
Assistin draftingregulatory responses to examinations and inquiries (DOL/IRS/PBGC), including document production and remediation plans.
Commensurate with experience, advise on plan sponsor and participant issues, operationalissues,andcomplaints.
Collaborate withregulatory support,compliance, risk, operations, product,sales/distributionand other internal stakeholdersto develop and implement policies and procedures.
Contribute tocomplex 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 inkeepingsenior business management and operations personnelapprisedof pertinent legal and regulatory developments affecting retirement products and services.
Exercise judgmentregardinglegal advicewithguidance 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 needswhile beingagile 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.
#LI-BD1
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.
Disclaimer:Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
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
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. * It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
* As of December 31, 2023
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