3(16) Governance Operations Analyst
About The Position
FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com. Position Summary As a 3(16) Governance Operations Analyst, you will support ERISA §3(16) fiduciary operations by reviewing how plans are administered against documented 3(16) procedures. Your primary responsibility is to evaluate whether established procedures are being followed in practice and, when gaps are identified, recommend clear next steps to bring plans into alignment. This role focuses on structured procedural reviews, documentation alignment, and governance support.
Requirements
- 1 to 3 years of experience in retirement operations, compliance, governance, or a related field
- Bachelor’s degree in business or a related discipline, or equivalent professional experience
- Strong attention to detail and ability to follow structured review standards
- Experience reviewing procedures, workflows, or documentation
- Clear written communication skills
- Proficiency in Microsoft 365 (Excel, Word, Outlook, Teams)
- Ability to work independently while collaborating effectively with others
Nice To Haves
- Exposure to ERISA or retirement plan administration
- Experience supporting procedural reviews or operational assessments
- Interest in governance, fiduciary operations, or process improvement
- Industry certifications such as QKA or CRPS are a plus but not required
Responsibilities
- Review assigned 3(16) plans to assess adherence to documented procedures and governance standards
- Evaluate whether day-to-day plan administration aligns with established 3(16) processes
- Identify gaps between documented procedures and actual execution
- Document review outcomes using established frameworks and templates
- Recommend practical next steps to address procedural gaps or inconsistencies
- Maintain organized records supporting procedural reviews and governance oversight
- Review and recommend updates to procedures to reflect operational practices
- Assist in keeping governance documentation current, accurate, and clearly written
- Support continuous improvement of procedural clarity and consistency across plans
- Track identified procedural gaps, follow-up items, and remediation actions
- Partner with internal stakeholders to confirm corrective steps have been completed
- Escalate material risks or unresolved issues to management as appropriate
- Prepare summary reports and trackers related to procedural reviews and alignment status
- Assist with trend identification related to recurring procedural gaps
- Serve as a resource for questions related to 3(16) procedures and governance expectations
- Collaborate with operations, compliance, and leadership teams as needed
Benefits
- Collaborative, idea-sharing environment
- Professional Development with in-house training and tuition reimbursement
- Generous reward programs
- Paid time off
- Medical, dental & vision benefits
- Health Savings Account with employer contribution up to $1,100
- 401(k) & 529 college savings match programs
- Volunteer and charitable-giving programs
- Business casual dress
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
