Job Ads - Retirement Plan Administrator

US Retirement Plan Manager

This position is responsible for managing the company’s US retirement plans (qualified and non-qualified defined benefit, 401(K) and deferred compensation plans). The primary role of the position is to manage all aspects of retirement plan administration.

Scope:

The position will provide leadership direction of the daily administration and management of all related plan operations including project planning, implementation and vendor management. External vendors the position will interface with include HRO, plan recordkeeper, consultants, actuaries and legal counsel.

Essential Functions:

Manage all aspects of plan administration, including oversight of outsource vendor operations
Act as project manager for the implementation of new programs and/or plan design changes for all plans
Responsible to monitor, track and coordinate all plan activity with all internal and external parties.
Analyze program utilization, identify trends, and make recommendations to improve effectiveness of existing programs.
Develop plan analytics, including preparation of reports, materials and presentations.
Ongoing review of the effectiveness of existing processes.
In partnership with others, identify benefits communications needs as they relate to retirement plans.
Ensure compliance to Sarbanes-Oxley, and other federal retirement plan legislation.
Assist with plan audits and government reporting as needed.
Member of the Employee Benefit Appeals Committee.
Directs the work of others.
Ensures thorough familiarity with company policies and procedures. Appropriately applies policies and procedures in compliance with government laws.
Policies and procedures include, but not limited to Standards of Business Conduct, Intellectual Property, Control Environment, Information Protection, ISO 9000 & 14000, government regulations (e.g. health, safety, quality and environmental), and functional policies published on the Rockwell Automation Information Network.

Basic Qualifications

Bachelor Degree
Legal authorization to work in the US is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.

Preferred Qualifications

Bachelor Degree in Business Administration, Finance or related discipline.
Minimum of 10 years of demonstrated retirement plan management (both Defined Benefit and 401(k) Plan) experience, in a corporate setting with a minimum of 10,000 plus employees or demonstrated experience in a consulting firm.
Thorough knowledge of U.S. retirement plan laws and regulations.
Prior experience in managing outsource vendors, including large market 401(k) Plan administrators
Experience with leading integration efforts for mergers/acquisitions/divestitures.
CEBS or CBP a plus
Project Management: Managing projects proficiently, efficiently, and with accountability for project results. Proven ability to manage projects simultaneously, ability to work independently in a team environment.
Use of Technology: Demonstrate understanding of the role of technology and how it applies to benefits, including the familiarity of web based benefit enrollment and administration systems.
Proficiency with PowerPoint, Word and Excel
Strong Analytical Skills.
Communication Skills: excellent interpersonal and written/verbal communication skills.
Collaboration and Teamwork – Ability to interact effectively and foster collaborative relationships with employees at all levels.
Information Sharing: Promoting an honest and open environment in which information flows freely among all levels of the organization. Anticipating and meeting the information needs of all relevant constituents.

Director, Retirement Plans (U.S. & Puerto Rico)

Abbott Laboratories

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 103,000 colleagues serve people in more than 160 countries.

Role will be responsible for managing company sponsored Defined Benefit and Defined Contribution retirement plans in the US and PR (include groups across multiple payroll systems). This also includes full responsibility for Abbott’s student loan program, Freedom 2 Save.
The position will develop and execute retirement plan strategies and be accountable for managing retirement plan processes, documentation and communications. Also, managing the relationship with the vendor responsible for the call center and program administration.
This position will also develop integration recommendations and manage implementation of retirement plans during M&A, ensuring compliance with legal requirement, support internal and external audits and actuarial valuation needs.
Position provides vision, leadership, strategy development and recommendations on benefit programs, including program design, vendor or consultant selection and implementation planning and execution.

Key Responsibilities:

Manages consulting and vendor relationships ensuring retirement benefits are administered in accordance with plan documents and legal compliance and provides updates and training in times of changing regulations or plan provisions.
Interacts with participants, internal legal counsel, third parties and government agencies on escalated situations or challenges.
Facilitates cross-functional and cross-divisional consultation, delivery, implementation and ongoing program management. Coordinates with Abbott Benefits Center (ABC), Finance, M&A, Legal, IT and Business and external providers.
Develops communications and management presentations of recommendations for retirement benefit design and strategic projects related to future benefit needs, based on retirement plan trends, new legislation and competitive benchmarking data for the U.S. and Puerto Rico.
Expands availability of retirement information and education to Abbott employees through written materials and presentations, websites and webinars. Supports Abbott CORE team through participation in retiree meetings and follow-up support.
Works with executive compensation in the preparation of officer packages for new hires and retirees.

Scope:

This includes defined benefit pension plans and 401(k) plans in the US and Puerto Rico.
Retirement programs cover approximately 30,000 active members in the US and 1,500 in Puerto Rico, plus 20,000 retirees. DC plan holds $10B in Assets and DB about $7B in PBO.
Incumbent will be expected to influence leaders at multiple levels. Reports to DVP, Benefit & Wellness. Will manage a team with two direct reports.

Qualifications:

BS degree required.
Minimum 7 years of related experience. 10+ years of career experience.
Global experience in large, complex corporate environment preferred.

Manager, Retirement Plan

SSM Health Care Corporate

At SSM Health, we know the healing power of presence begins with compassionate employees like you. If you love people and have a servant – leader heart, SSM Health is the place for you. Our mission and values put the patient first and place you in a position to improve each day.

The primary role of the position is to manage all aspects of retirement plan administration including defined benefit, qualified 403(b) and 401(k) defined contributions plans, non-qualified defined contribution and deferred compensation plans. The position will provide leadership direction of the daily administration and management of all related plan operations including .

PRIMARY RESPONSIBILITIES

Manage all aspects of plan administration, including vendor oversight
Oversee implementation of new programs and/or plan design changes for all plans
Responsible to monitor, track and coordinate all plan activity with all internal and external parties.
Analyze program utilization, identify trends, and make recommendations to improve effectiveness of existing programs.
Develop plan analytics, including preparation of reports, materials and presentations.
Perform ongoing review of the effectiveness of existing processes.
Identify benefits communications needs as they relate to retirement plans.

EDUCATION

Bachelor’s degree or equivalent years of experience or education

EXPERIENCE

Five years’ experience, with two years’ in leadership