Benefits Administrator II - Retirement Plans
About The Position
The Retirement Benefits Administrator II is responsible for the day-to-day administration of the Company's retirement plans. This position serves as a primary support resource to a diverse employee population, providing information and education about the Company’s retirement plans while fostering a positive customer service environment. Specifically, the administrator will be primarily responsible for the administration of the Company’s ERISA qualified 401(k) retirement plan and Canadian RRSP plan. This position will assist with the coordination and day-to-day administration of the Company’s retirement offerings and products which provide benefits to employees across multiple, diverse subsidiary companies.
Requirements
- 2+ Years of hands-on 401k administration experience
- Strong Excel skills
- Live within commuting distance from Plymouth, MN
Responsibilities
- Administer the day-to-day operations of the 401(k) and Canadian RRSP plans
- Consolidate payroll data on a weekly basis and coordinates the weekly funding of contributions and company match, including timely research and resolution of contribution matters
- Perform regular data audits to ensure retirement plan vendor accounts are in synch with the payroll balances
- Responsible for plan support as a subject matter expert to participating employees on all plan procedures including eligibility, enrollment, rollovers, beneficiary designations, early distributions, required minimum distributions, death notifications
- Assist with compliance testing, audit, and required notices review
- Prepare data for testing, auditing, and annual funding.
- Partners with internal departments such as Tax and Payroll to provide, as needed, information and data for internal and external reporting
- Participate in scheduled meetings with appropriate plan vendors to ensure adherence to plan provisions, provide feedback on services, initiate and follow up on necessary administrative corrections, and employee communications
- Ensure the retirement plan documents are updated and posted for participant access
- Assist with the implementation of retirement plan changes and participant education promotions
- Assist with the production and mailing of annual plan notices and employee benefit statements, including review of data provided to vendor
- Perform reviews and testing related to HRIS and vendor integration file matters
- Maintain tracking of transfers within controlled group companies to ensure their accounts are handled properly
Benefits
- Multiple medical insurance plan options
- dental and vision insurance
- 401K retirement plan with employer match
- Paid time off
- company paid holidays
- Paid sick time in accordance with the federal, state and local law
- Tuition Reimbursement after 6 months of continuous service
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
