Provide support to the Qualified Plans (~20,000 participants), including defined benefit and defined contribution, to ensure compliance with governmental agencies and to deliver, as part of total rewards and compensation, strategic, effective and competitive retirement benefits. Act as subject matter expert and provide guidance, training, assistance with resolution of complex problems, and technical (HRIS and retirement systems) support. Consult with business units, 3rd party administrators, human resources and supervisors for issue resolution, policy clarification, employee communications and new program implementation.
Duties and Responsibilities:
Assist in processing of timely file feeds, reports and communications to facilitate ongoing administration of qualified defined benefit and defined contribution retirement plans through use of 3rd party administrators. Research issues and respond directly to employees, retirees, 3rd party administrators and human resource representatives to resolve.
Vendor management of record-keepers, plan trustees and consultants. Evaluates all service providers and recommend changes when appropriate.
Assists in development, implementation, and presentation of communications on qualified plans, including education, window programs, current topics and plan documents/summary plan descriptions.
Research legislation and regulations that govern qualified defined benefit and defined contribution plans and monitor Company compliance. Make recommendations for any required plan changes and perform implementation.
Collaborate with Tax, Legal, Accounting and Shareholder Services to report and carry-out the functions of the qualified retirement plans. Act as a contact on DOL and IRS audits. Prepare and evaluate RFPs, make recommendations for selection. Analysis of financial strategies for benefits provided under qualified trust.
Provide research and analysis for data requests for Labor relations and negotiations.
Assist in implementation of qualified retirement plan projects, such as special retirement programs, special vendor project programming and assimilation of newly acquired or created companies
Performs other duties as assigned (no more than 5% of duties).
5+ years of professional level experience in qualified retirement plans and administration required.
Prior experience in benefits, payroll operations or accounting or equivalent training and/or experience preferred.
Licenses and Certifications: