Sr. Retirement Plan Administrator

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Human Resources
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Cottage Health
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190000FH Requisition #
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The Retirement Plan Administrator is responsible for the day-to-day management of the Cottage Health and PDL retirement plans. The Sr. Pension Plan Consultant interacts with the various retirement plan administrators and serves as the organization’s subject matter expert relative to pension plans. This position also acts as a liaison between the employees, the plan administrators and management.

In coordination with the respective plan vendors, ensures plan administration, programming and reporting is in compliance with plan provisions and legal requirements.


Conducts and facilitates education and presentations of plan designs and provisions to employees as well as assists in the preparation of communications to participants for education


Works with management and legal counsel on maintaining respective plan documents and summary plan descriptions


Reviews and facilitates plan rollovers, QDROS, minimum required distributions and related transactions in accordance with plan provisions

Ensures plan administrators prepare and execute 5500’s, funding notices, and all legally required correspondence and documents within prescribed timeframes


Responsible for working with and managing the respective pension vendors on the implementation and oversight of the pension plan administration tools that assist employees with understanding their pension benefits.


As subject matter expert; remains informed and up to date on trends and contemporary practices in the pension area through networking, vendor relationships, and relevant conferences. Provides regular updates to management as appropriate.


Conducts cost and other statistical analyses as needed for benefit plan actuaries and audits, and reviews new legislation and discusses strategies for benefit plan communications with Director and prepares information for committee meetings as needed.


QUALIFICATIONS


LEVEL OF EDUCATION


Minimum: Bachelor’s Degree


CERTIFICATIONS, LICENSES, REGISTRATIONS


Minimum: PHR Preferred: Certified Employee Benefits Specialist (CEBS) or Certified Financial Planner (CFP)


TECHNICAL REQUIREMENTS


Minimum: • Working knowledge of pension plan requirements, rules and regulations as defined in the Pension Protection Act of 2006 (PPA), the Employee Retiree Income Security Act of 1974 (ERISA) and general knowledge of pension rules and regulations related to the Pension Benefit Guaranty Corporation (PBGC) • Hands on experience with plan documents, summary plan descriptions, benefit communications, Form 5500 filings, annual audits with multiple regulatory agencies, benefit calculations for defined benefit plans, and compliance testing required. • Advanced analytical and MS Office proficiency


YEARS OF RELATED WORK EXPERIENCE


Minimum: 5 years in retirement administration field or financial planning

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