Job Description

Summary:

The Retirement and Pension Plan Manager is responsible for managing the organization's retirement and pension plans, ensuring compliance with federal and state regulations, and delivering exceptional service to employees regarding their retirement benefits. This role also provides management of our third-party retirement plan recordkeeper and supports strategic planning efforts led by the Vice President, Total Rewards.

Responsibilities:

• Serves as an internal resource for employees planning for retirement who have questions and/or would like to begin the process.
• Administer and manage all aspects of the organization's retirement and pension plans, including enrollment, contributions, distributions, and compliance.
• Oversee the processing of retirement plan transactions such as rollovers, loans, and benefit payouts.
• Collaborate with payroll to ensure accurate contributions and deductions.
• Work with Treasury and Accounts Payable to handle funding requests and reconciliations.
• Conduct educational sessions and partner with internal HR communications to help employees understand their retirement options.
• Develop and deliver financial education programs to enhance employees' understanding of personal finance and retirement planning strategies.
• Partner with external vendors and resources to recommend solutions to complex retirement and pension issues.
• Work closely with internal and external IT resources and HRIS staff to support the administration of retirement and pension administration and recommend changes to processes as needed.
• Foster an environment of continuous improvement and teamwork to improve and evolve retirement and pension processes to create value for Memorial Healthcare System and satisfaction among employees.
• Support the Vice President, Total Rewards in evaluating and recommending changes to retirement plans to align with organizational goals and employee needs.
• Analyze plan performance metrics and prepare reports for leadership on participation, investment performance, and funding levels.
• Ensure retirement plans comply with all applicable federal and state laws and regulations.
• Support plan audits conducted by internal compliance and external auditors.
• Prepare any necessary documentation.
• Monitor changes in retirement and pension legislation and recommend plan modifications as needed.
• Work closely with third-party administrators, trustees, investment advisors, and the plan recordkeeper to manage plan operations.
• Monitor service agreements and performance metrics to ensure service quality.

Education and Certification Requirements: Bachelors (Required)

Required Work Experience: Five (5) years of experience in retirement and pension plan administration

Other Information: Additional Education Information - Education Specialization in Human Resources, Business Administration, Finance, or related field.

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