David Cadena

About David Cadena

Compliance professional with over 10 years in finance, including 5 years, specializing in retirement plan compliance. Experienced in preparing complex compliance packages and planned testing for plans with M&A’s. I have a accelerated my learning curve by being exposed to different types of plans with 401(a)(4) testing, unions, controlled groups, partnerships, etc. During the last 2 years, I have been working on the largest Ascensus PEP and consistently deliveried great quality work. I am currently pursuing the Qualified 401(k) Administrator (QKA) designation. I also support our organization by being a member of the Compliance Newsletter Team and helping our Finance Department with billing.

Experience

1. Compliance Analyst

   Ascensus

   Apr 2024 — Present · San Francisco, CA, US

   Worked on the Conversation Project MEP/PEP block of plans; Mergers & Acquisitions. Company acquisitions (Stock or Asset Acquisition), dispositions, plan mergers, and their impact on the plan document design.Prepared compliance packages in a fast-paced, deadline-driven environment. Plans included 401(k), 403(b), Safe Harbor, MEPs, PEPs, and Money Purchase Pension Plans. Plan size ranges from small to large employees) plans.Ensured that assigned plans remained tax-qualified by meeting all IRS and DOL reporting and testing requirements.Performed reporting on all accounting and financial activities for the plan. Prepared Quarter Valuations (Trust Accounting).Cooperated with the ESOP Team to combine tests. Worked on most Employee Stock Ownership Plans (ESOP). Reviewed plans from our Compliance Consultants and Analysts.Analyzed client data to resolve irregularities, determine eligibility, and verify clients’ contribution calculations.Calculated match, safe harbor match, and safe harbor nonelective contributions. Calculated profit-sharing contributions which included pro-rata, new comparability, and permitted disparity formulas. Worked on plans with Outside Assets or Self-direct Brokerage Accounts (SDBA) and created their Lifetime Income Illustration packages. Performed partnership earned income calculations, 401(a)(4) rate group testing on an allocation and accrual basis, 401(b) coverage testing including the average percentage benefit test, 414(s) testing, and top heavy.Coached and educated colleagues within both compliance and client services departments. Received multiple recognitions through Reflektive and Spotlight from several Client Service Managers after consulting with them on client concerns, different testing methodologies, and correction options.Obtained ASPPA’S Retirement Plan Fundamental (RPF) certificate and currently studying for their QKA designation.

Education

• Universidad de Granada

  Bachelor of Business Administration - BBA, International Business & Spanish Language and Literature

  2017 — 2018

• City College of San Francisco

  Cybersecurity Program, Cybersecurity

• Century High School

  High School Diploma

  2013 — 2015

• San Francisco State University

  Bachelor of Science - BS, Business Administration with a concentration in International Business

  2018 — 2021

• San Francisco State University

  Bachelor of Arts - BA, Spanish Language and Literature

  2018 — 2020

• Esc. Sec. Tec. Ind. #14 “Vicente Guerrero,” Guerrero, Mexico

  Middle School Diploma, Welding Technology/Welder

  2009 — 2012

• Cal Poly Humboldt

  Bachelor of Business Administration - BBA, International Business & BA in Spanish language and literature

  2015 — 2017