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Responsibilities include strategic design related to the health system's retirement plans, all financial wellness programs, and scoping of possible employee recognition and appreciation program. This position will be responsible for leading a small team dedicated to financial wellness and retirement administrative duties.
Job Responsibility:
Participate in Plan Design with respect to participants, eligibility, matching vesting, withdrawals, etc, and manage the day-to-day administration and planning activities for the Retirement Savings Plans, including coordinates, compiles and manages all plan census information, including participant enrollment and vesting
Manage quarterly retirement plan administrative and plan performance reviews with all stakeholder parties
Fulfill fiduciary governance tasks as Plan Administrator and Secretary of the Retirement Benefits Committee
Make recommendations to improve competitive position and/or legal compliance
Manages inbound and outbound files with Third Party administration, reconciles each contribution file from all retirement plans, and conduct quarterly comprehensive audits of all retirement plans
Develop and implement annual financial wellness and retirement education and engagement calendar of activities
Ensures accurate eligibility and enrollment of all eligible participants and ensures both the employee and the employer contribution levels are accurate based upon years of service
Prepares plan documents as needed including notices and amendment, including administration procedures and guidelines
and manages all participant communications
Develops audit protocols for all benefit and retirement programs
Stays current and maintains up-to-date industry knowledge via outside reading as well as attendance at educational seminars and classes
Responsible for creating/delivering all retirement and financial wellness related programs and communications, education series related to financial wellness or retirement benefits, and leading integrations/acquisitions
Will be responsible for a variety of other programs and benefit offerings related to financial wellness including an employee discount program at a local and national level, earned wage access program, tuition reimbursement and certifications, back-up childcare offerings, and other potential future programs including an employee recognition and appreciation program
Requirements:
Bachelors Degree in related field of study from an accredited college or university
5 or more years of experience with direct responsibility for the administration of retirement plans
Experience and understanding of Third-Party Administrator, Plan Sponsor, broker, investment, fiduciary and participant roles and responsibilities in qualified plans
Experience and understanding of eligibility, enrollment, contribution, match, forfeitures, testing, correction and plan documents
Demonstrated expertise with standard concepts, practices, and procedures related to defined contribution plan administration, management and governance
Strong excel skills to write and create reports, analyze reports, manipulate data, prepare contribution files, audit to ensure accuracy of contribution files
Strong financial acumen, aptitude for data and numbers, and extremely organized and detail oriented
Excellent computer skills, expert level user with Microsoft Office
Proficient user of retirement program software and other types of benefit management systems, and various types of data base management systems
Excellent written and verbal skills, strong analytical and interpretive skills
Outstanding interpersonal skills with an ability to work within a team environment and receive high customer satisfaction ratings
Ability to handle work-related stress and thrive in a fast-paced environment
Ability to handle multiple priorities simultaneously
Nice to have:
Preferred advanced knowledge of Employee Retirement Income and Security Act, Department of Labor and Internal Revenue Service regulatory issues