Retirement Benefits Manager

Bessemer Trust • Woodbridge Township, NJ

89d • $90,000 - $120,000

About The Position

The Retirement Benefits Manager plays a key role in supporting the Retirement Benefits Director with the design, administration, and compliance of the firm’s retirement and retiree benefit programs. This role oversees day-to-day operations of the 401(k) and profit-sharing plans, pension plan, nonqualified deferred compensation programs, and retiree medical benefits, ensuring compliance with regulatory requirements and delivering exceptional service to employees and retirees.

Requirements

• Bachelor’s degree in HR, Business, Mathematics, or related field.
• 5–10 years of HR, Finance, or benefits/actuarial consulting experience.
• Proficiency with Fidelity Investments Plan Sponsor Webstation (PSW).
• Excellent analytical and mathematical skills.
• Strong communication skills.
• Ability to manage multiple projects independently.
• Advanced Microsoft Excel and Office Suite skills.
• In-depth knowledge of ERISA, IRS, DOL regulations, and retirement plan compliance.
• Experience with HRIS, payroll, and benefits systems.
• Working knowledge of plan documents and related policies.

Responsibilities

• Reconcile employee deferrals and loan repayments; ensure timely bi-weekly payroll funding.
• Review reporting from the plan recordkeeper (Fidelity) on enrollments, deferrals, distributions, etc.
• Review participant disclosures and prepare internal employee communications.
• Partner with Fidelity’s client service team to resolve issues.
• Respond to participant inquiries.
• Assist in the annual calculation of the company’s profit-sharing contributions by individual.
• Collaborate with actuaries to calculate participant retirement benefits.
• Process retirements and update monthly pension payroll, including survivor benefits.
• Monitor death audit reporting and update participant records.
• Maintain actuarial valuation census data annually.
• Support plan compliance activities.
• Review annual contributions and distributions for deferred compensation programs.
• Administer participant elections and periodic communications.
• Monitor reporting and process periodic payments.
• Serve as a point of contact for Finance team inquiries.
• Partner with external auditors on annual audits of qualified retirement plans.
• Support preparation of government filings (e.g., Form 5500, PBGC).
• Review summary plan descriptions and material modifications.
• Assist with nondiscrimination testing.
• Manage enrollment and disenrollment of retirees and dependents.
• Prepare and distribute annual compliance notices (e.g., Medicare Part D).
• Resolve retiree medical claim issues.
• Calculate and review annual retiree contributions and company subsidies.

Benefits

• Competitive base salary plus discretionary annual bonus for select positions.
• A 401(k) plan with a generous annual profit-sharing contribution.
• Personalized development and career opportunities, including tuition reimbursement support.
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage.
• Employee assistance (EAP) and wellness programs.
• Hybrid work environment: 60% in office, 40% remote for most positions.
• Paid time off and paid parental leave.
• Employer-paid life insurance and short- and long-term disability coverage.
• Legal services and financial wellness plans at no cost to employee.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree