Benefits Analyst (Retirement Programs)

Atlantic Health•Morristown, NJ

10h

About The Position

Assesses and gives advice to supervisors and other leaders on methods and approaches to resolving employee benefit problems. The Retirement Benefits Analyst is responsible for the administration, analysis, and compliance of retirement benefit programs, including 403(b), 457, Retiree Medical plans, and pension plans. This role assists in ensuring that retirement offerings are competitive, cost-effective, and aligned with regulatory requirements. The analyst serves as a subject matter expert, providing guidance to employees and collaborating with vendors and internal stakeholders to optimize retirement plan performance.

Responsibilities

Administer retirement plans including 403(b), 457, Retiree Medical, and defined benefit pension plans.
Ensures that programs are carried out in accordance with company's policies and procedures.
Specializes in human resources at the professional level, and carries out responsibilities in benefits, administering and advising employees and management on the interpretation of benefit policies, programs, and procedures.
Advises individuals regarding eligibility and coverage for such programs as Retiree Medical, Tuition Assistance Benefits including Tuition Advancement/Reimbursement and Physician Loan Repayment, 403B, 457, and Defined Benefit Pension Plans.
Conduct audits and reconciliations of retirement plan data and contributions via reviewing of plan error reports.
Collaborate with plan providers and third-party administrators to resolve issues and manage plan operations.
Maintain accurate records and prepare reports for internal and external stakeholders.
Ensures compliance with COBRA, HIPAA, and ERISA provisions, and files required State and Federal reports including overseeing the preparation of the plan 5500s (Defined Benefit, Defined Contribution, and Retiree Medical.)
Communicates provisions of the plan documents. Analyze plan utilization and financial performance to recommend improvements.
Respond to employee inquiries and assist with retirement plan enrollment, changes, and distributions.
Stay current on industry trends, legislative changes, and best practices in retirement benefits.
May have to lead or have professional responsibilities over lower-level support and clerical personnel.
Other duties as assigned