Retirement Manager

SRS Distribution Inc.•McKinney, TX

1d•Onsite

About The Position

Reporting to the Director of Benefits, the Retirement Manager manages and provides strategic leadership and operational oversight for health and retirement programs. The role is responsible for the overall design of quality benefits plans, researching new programs and improving existing ones, and managing vendors, invoicing, and program expenses. It oversees the company 401(k) program, including funding, trust reconciliation, nondiscrimination testing, Form 5500 filings, and annual audits. The position also focuses on benefits reporting, controls, financial plans, budget management, and engagement with the Investment Review Committee.

Requirements

At least 5 years of relevant experience.
Deep benefits expertise, with a strong focus on reporting, controls, management of the US 401(k) plan, benefits financial plans, budget control, and engagement with the Investment Review Committee.
Knowledge of pertinent federal and state regulations and filing and compliance requirements affecting employee benefits, including ACA, ERISA, COBRA, FMLA, ADA, Section 125, workers' compensation, Medicare, OBRA, Social Security, and DOL requirements.
Extensive knowledge of employee benefits and applicable laws.
Excellent written and verbal communication skills.
Excellent organizational and time-management skills.
Effective planning and priority-setting skills, with the ability to manage several complex projects simultaneously under deadline pressure.
Strong analytical skills and thorough knowledge of plan designs.

Responsibilities

Serve as the strategic expert to leadership for US retirement programs.
Develop and maintain a strategic engagement framework with Finance, Controllership, and Payroll for program interdependencies.
Design and distribute benefits orientation, open enrollment, and summary plan description materials; train employees on new programs and annual changes.
Analyze benefits utilization, services, coverage, effectiveness, cost, plan experience, and competitive trends, and identify the company's position.
Review short- and long-range cost estimates, projections, and statistical analyses concerning benefits program changes and new programs.
Survey industry trends, complete and review benefits surveys, analyze complex benefits information, forecast trends, and develop recommendations for management review.
Oversee benefits compliance with government regulations and ensure required reporting and fees are timely and accurate.
Monitor benefits administration costs, recommend cost-containment strategies, prepare budget recommendations, and help monitor, verify, and reconcile budgeted funds.
Research employee benefits plans and vendors to identify the best value; design and recommend new benefits programs and plan designs.
Develop communication tools to improve employee understanding of the benefits package.
Manage the 401(k) funding and reconciliation processes, nondiscrimination testing, Form 5500 filings, and audits.
Manage the annual renewal calendar with outside healthcare consultants and assist with data collection for renewals of health, life, and retirement plans.
Distribute benefits enrollment materials and determine eligibility.
Serve as the primary contact for plan vendors and third-party administrators and own vendor management for the benefits function.
Verify monthly group insurance premium statements and maintain statistical data on premiums, claims, and costs.
Gather employee data, oversee monthly billing processing, and prepare payment vouchers for administrative fees for group plans.

Benefits

Competitive weekly or bi-weekly pay
Discretionary bonuses
401(k) with company match
Employee Stock Purchase Plan
Paid time off, including vacation, sick, volunteer, holidays, birthday, and floating days
Medical, dental, and vision coverage
Flexible spending accounts
Company-paid life insurance and short-term disability
Optional long-term disability
Additional life insurance