Retirement Benefits Analyst

Atlantic Health System•Morristown, NJ

48d

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. At Atlantic Health System, our promise to our communities is; Anyone who enters one of our facilities, will receive the highest quality care delivered at the right time, at the right place, and at the right cost. This commitment is also echoed in the respect, development and opportunities we give to our more than 20,000 team members. Headquartered in Morristown, New Jersey, we are one of the leading non-profit health care systems in the nation. Our facilities and sites of care include: Morristown Medical Center, Morristown, NJ Overlook Medical Center, Summit, NJ Newton Medical Center, Newton, NJ Chilton Medical Center, Pompton Plains, NJ Hackettstown Medical Center, Hackettstown, NJ Goryeb Children's Hospital, Morristown, NJ CentraState Healthcare System, Freehold, NJ Atlantic Home Care and Hospice Atlantic Mobile Health Atlantic Rehabilitation We also have more than 900 community-based healthcare providers affiliated through Atlantic Medical Group. Atlantic Accountable Care Organization is one of the largest ACOs in the nation, and we are a member of AllSpire Health Partners. We have received awards and recognition for the services we have provided to our patients, team members and communities. Below are just a few of our accolades: 100 Best Companies to Work For and FORTUNE magazine for 15 years Best Places to Work in Healthcare - Modern Healthcare 150 Top Places to work in Healthcare - Becker's Healthcare 100 Accountable Care Organizations to Know - Becker's Hospital Review Best Employers for Workers over 50 - AARP Gold-Level "Well Workplace": Wellness Council of America (WELCOA) One of the 100 Best Workplaces for "Millennials" Great Place to Work and FORTUNE magazine One of the 20 Best Workplaces in Health Care: Great Place to Work and FORTUNE magazine Official Health Care Partner of the New York Jets NJ Sustainable Business

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

Benefits

Medical, Dental, Vision, Prescription Coverage (22.5 hours per week or above for full-time and part-time team members)
Life & AD&D Insurance.
Short-Term and Long-Term Disability (with options to supplement)
403(b) Retirement Plan: Employer match, additional non-elective contribution
PTO & Paid Sick Leave
Tuition Assistance, Advancement & Academic Advising
Parental, Adoption, Surrogacy Leave
Backup and On-Site Childcare
Well-Being Rewards
Employee Assistance Program (EAP)
Fertility Benefits, Healthy Pregnancy Program
Flexible Spending & Commuter Accounts
Pet, Home & Auto, Identity Theft and Legal Insurance