Retirement Benefits Specialist

Lockton•Kansas City, KS

4h•$24 - $26•Hybrid

About The Position

BCInsourcing, a Lockton Company, is hiring a Retirement Benefits Specialist to support retirement benefit administration for employees and the client’s Human Resources department. The role serves as a liaison among HR, employees, and plan carriers, and supports inquiries, retirement data accuracy, plan funding and payroll reconciliations, compliance activities, enrollment, and employee communications. The position is hybrid: onsite at Dairy Farmers of America Monday through Wednesday and remote Thursday and Friday.

Requirements

High school diploma/GED equivalent and/or related work experience equivalency.
1–3 years of professional experience in defined contribution plan administration.
Mathematical and reconciliation skills.
Working knowledge of ERISA laws and state and federal retirement benefits-related regulations and requirements.
Proven experience using Microsoft Office Suite.
Professional experience demonstrating self-directed analysis and problem-solving to create solutions-based outcomes.
Ability to organize time and resources while working accurately and paying attention to detail.

Nice To Haves

Higher education or an equivalent combination of education, training, and experience in a related field.
Defined benefit experience.
ADP systems experience.
CEBS or RPA certification designation.

Responsibilities

Serve as a liaison between the client’s Human Resources department, employees, and plan carriers.
Research and respond to inquiries from current and former employees about retirement benefits.
Monitor and respond to service requests through carrier websites and process retirement mail.
Coordinate with internal partners and vendors to resolve retirement data or administration issues.
Help maintain the integrity of employee retirement data across internal systems and third-party vendor or administrator platforms.
Review daily demographic files and weekly feedback files to identify and address data issues, and research and correct data-related errors.
Review employee enrollment in retirement plans and escalate discrepancies to support compliance with plan documents, regulations, and policies.
Reconcile retirement plan funding activity, prepare wire transfers and check requests for third-party plan expenses, and fund employee and employer contributions into applicable 401(k), deferred compensation, and pension plans.
Reconcile retirement-related payroll deductions and enter approved adjustments as appropriate.
Gather and compile data for regulatory compliance activities, including annual audits, Form 5500 preparation and filing, and compliance testing.
Maintain awareness of applicable retirement plan laws, regulations, and compliance updates to support administration activities.
Support the annual enrollment process for non-qualified plans.
Support coordination, development, and delivery of employee communications, including meetings, webinars, mailings, and related materials.
Conduct periodic retirement data audits, identify recurring issues, and recommend data-validation and process improvements.
Help create and maintain procedure documentation for assigned duties and maintain confidentiality of information.
Perform other duties as requested.

Benefits

Paid training and ongoing professional development.
Company-provided equipment.
Comprehensive medical, dental, and vision coverage, including a wellness program.
Additional voluntary benefit options.
100% employer-paid benefits.
401(k) retirement plan with company match.
Pet insurance.
Immediate vacation accrual.
Paid holidays effective upon hire, including 11 company-observed holidays, 2 floating holidays, 2 personal days, and 2 volunteer days.
Employee referral bonus program.