Defined Contribution Plans Consultant

WTW • Minneapolis, MN

21h • $110,000 - $205,000

About The Position

Our Retirement team combines expertise in retirement, actuarial, compliance and administration consulting to support global organizations worldwide in designing, managing, administering, and communicating all types of retirement plans. Whether a client has a defined benefit pension, and/or a defined contribution plan, we collaborate with the organization to determine the right approach to design, funding, investing, governing, compliance, administration and employee engagement that fits their specific goals. You will contribute to our national project delivery team and make a valuable difference every day to our high-profile client organizations focusing primarily on defined contribution plans. One of the fastest growing areas of our retirement business is assisting clients with various special projects requiring defined contribution expertise. You will have the opportunity to significantly enhance your knowledge of all aspects of benefit plan compliance, design and operation, employ the most cutting-edge tools and resources and work with some of the world’s experts in retirement plan design and management and interact with a national group of colleagues on project delivery. Defined Contribution Plans Consultant In this role you will be responsible for, leading and delivering large, strategic Defined Contribution client engagements, supporting new business and serving as project lead to clients concerning their Defined Contribution programs’ effectiveness and broader retirement plan issues. Be a subject matter expert and engagement lead in the delivery of DC retirement plan compliance, administration and governance, including vendor management, fiduciary management and plan design Lead fee benchmarking and vendor search RFPs Coordinate with sales and lead relationship managers to identify, develop and support strategic sales opportunities Build relationships with internal and external sources to maximize the penetration of key target accounts Identify opportunities to cross-sell new products and services Finalize and present quality deliverables to clients Establish a trusted advisor role with clients and provide consistent, superior relationship management Build leveraged teams that work effectively together Develop plans for delivery of large, global engagements Ensure project managers are maintaining team progress against established budget, timeline and quality standards (while you have overall responsibility, consultant level staff typically serve as day-to-day project managers) Serve as a subject matter expert on client assignments Perform technical review of work products Contribute to the development of new tools and approaches related to DC consulting Oversee analysts and consultants in the delivery of DC, compliance and governance projects Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. Responsibilities - Qualifications

Requirements

• Undergraduate degree required
• 15+ years of proven experience and demonstrated success in defined contribution consulting, including vendor management, plan design, compliance and administration gained in a human resources consulting, benefits outsourcing, investment advisory, recordkeeper or defined contribution asset management company.
• 401(k) plan and/or 403(b) experience, along with deep knowledge of IRC, ERISA and other relevant laws and regulations affecting employee benefit plans
• Broad understanding of human capital strategy and the ability to contribute to cross-practice client engagements
• Proven experience successfully working on multiple projects and producing quality deliverables on time
• Track record of success in managing large client relationships and leading global teams
• Experience in managing multiple people and projects and producing quality deliverables on time and within budget
• Proven ability to recognize and diagnose issues, work in teams, and leverage the resources of other related practices to address client challenges
• An executive presence with polished and well developed written and oral communication skills
• Superior ability to influence and collaborate with senior management and work across all levels of an organization
• Excellent Microsoft Excel and PowerPoint skills
• Ability to work with remote teams and travel as needed

Nice To Haves

• Certification (ASPPA, CEBS) or other designations for practical experience is a plus but not required
• Pooled Employer Plan (PEP) would be considered

Responsibilities

• Leading and delivering large, strategic Defined Contribution client engagements
• Supporting new business and serving as project lead to clients concerning their Defined Contribution programs’ effectiveness and broader retirement plan issues
• Engagement lead in the delivery of DC retirement plan compliance, administration and governance, including vendor management, fiduciary management and plan design
• Lead fee benchmarking and vendor search RFPs
• Coordinate with sales and lead relationship managers to identify, develop and support strategic sales opportunities
• Build relationships with internal and external sources to maximize the penetration of key target accounts
• Identify opportunities to cross-sell new products and services
• Finalize and present quality deliverables to clients
• Establish a trusted advisor role with clients and provide consistent, superior relationship management
• Build leveraged teams that work effectively together
• Develop plans for delivery of large, global engagements
• Ensure project managers are maintaining team progress against established budget, timeline and quality standards
• Serve as a subject matter expert on client assignments
• Perform technical review of work products
• Contribute to the development of new tools and approaches related to DC consulting
• Oversee analysts and consultants in the delivery of DC, compliance and governance projects

Benefits

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees