Retirement Manager

SRS Distribution•McKinney, TX

5d•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 oversees benefits plan design, investigates new programs, improves existing programs, and manages vendors, invoicing, and program expenses. It has a particular focus on the company’s U.S. 401(k) program, including funding, trust reconciliation, nondiscrimination testing, Form 5500 filings, and annual audits. The role also supports benefits financial plans and budget controls and engages with the Investment Review Committee. The position analyzes benefits use, services, coverage, effectiveness, costs, plan experience, and competitive trends; develops cost estimates and recommendations; forecasts trends; and identifies opportunities for new or improved benefits. It oversees compliance and required reporting, manages administrative costs and budgets, and coordinates enrollment, communications, training, and annual renewals with consultants, vendors, and third-party administrators. The position is located at SRS Distribution, 7440 State Highway 121, McKinney, TX 75070-3104. Employment offers are contingent on successful completion of a background check and drug screen, as permitted by law.

Requirements

At least 5 years of relevant experience.
Deep expertise in employee benefits, with a strong focus on reporting, controls, management of the U.S. 401(k) plan, benefits financial plans and budget control, and engagement with the Investment Review Committee.
Knowledge of pertinent federal and state regulations, filing, and compliance requirements affecting employee benefits, including ACA, ERISA, COBRA, FMLA, ADA, Section 125, workers’ compensation, Medicare, OBRA, Social Security, and Department of Labor 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.
Ability to manage several complex projects simultaneously while working under pressure to meet deadlines.
Strong analytical skills and thorough knowledge of plan designs.

Responsibilities

Serve as a strategic expert to leadership on U.S. retirement programs.
Develop and maintain a strategic engagement framework for partnerships with Finance, Controllership, and Payroll regarding program interdependencies.
Design and distribute materials for benefits orientations, open enrollment, and summary plan descriptions; train employees on new programs and annual changes.
Analyze benefits programs, including 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 for benefits program changes and new programs.
Survey industry trends, complete benefits surveys, analyze complex benefits information, forecast trends, and develop recommendations and future benefits designs for management review.
Oversee benefits compliance with applicable government regulations and ensure timely and accurate required reporting and fees.
Monitor benefits administrative costs and recommend cost-containment strategies, including alternative administration and funding methods.
Prepare budget recommendations and assist in monitoring, verifying, and reconciling budgeted funds.
Research benefits plans and vendors to identify value, and 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 process, reconciliation, nondiscrimination testing, Form 5500 filings, and audits.
Manage the annual renewal calendar with outside healthcare consultants and assist them in obtaining data for health, life, and retirement plan renewals.
Distribute benefits enrollment materials and determine eligibility.
Serve as the primary contact for plan vendors and third-party administrators; 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 billings, and prepare vouchers for payment of administrative fees for group plans.

Benefits

Competitive weekly/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 time
Medical insurance
Dental insurance
Vision insurance
Flexible spending accounts
Company-paid life insurance
Company-paid short-term disability
Optional long-term disability
Additional life insurance