General Summary of Position Assist the Manager, Retirement Plans with the administration of the MedStar Health retirement plans, specializing in non-qualified retirement plans. Review of Plan operations and applications in a non-discriminatory manner to assure compliance with Plan design and IRS regulations. Primary Duties and Responsibilities
Stays abreast of and implementing non-qualified plan regulations and best practicesAbility to effectively explain complex issues to some of top associates throughout the organizationServes as primary point of contact for non-qualified retirement plans; handles escalations when they ariseAnalyzes audit reports and is able to identify and resolve complex issuesCoordinates and processes QDRO's & POA's related to non-qualified plansPartners with record keeper on various presentations related to non-qualified plan eligibility, enrollment, etc.Ensures the timely reconciliation for bi-weekly contribution funding, as well as annual and semi-annual employer matchesResponsible for providing record keeper with data to calculate and fund employer matches Processes monthly and adhoc vendor invoicesAssists Retirement Team with annual audit of defined benefit and defined contribution plan audits, as neededResponsible for the exchange of data and day-to-day Plan operations, which requires coordination and communication with plan recordkeeper, Payroll, HRIS and plan participantsResponds to various daily participant inquiries (both active and term) from Total Rewards email box and record keeper.Works closely with Manager, Retirement Plans and attorneys regarding both legal and/or procedural compliance issuesContributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Complies with governmental and accreditation regulations Must be local and willing to travel to events such as Annual Enrollment, on-site meetings, and any required HR meetings
Minimum Qualifications Education
- Bachelor's degree Finance, Human Resources, Business
Administration or related field required
Experience
- 3-4 years In retirement plan administration required
- 3-4 years Experience with 457(b), 457(f) and SERP plans; must have strong working knowledge of defined contribution and defined benefit plans. Strong knowledge of IRS, DOL and ERISA regulations preferred
- One year of relevant professional-level work experience may be substituted for one year of required education.
Licenses and Certifications
- HR certification preferred (SHRM-CP or PHR). preferred
Knowledge, Skills, and Abilities
- Strong written and verbal communication skills.
- Proficiency in MS Office software applications, especially Word and Excel
- Strong analytical and problem resolution skills; Ability to work well under pressure with multiple priorities and deadlines
This position has a hiring range of $63,793 - $113,318
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