Retirement Plans Specialist

Philip Morris International•Tampa, FL

52d•$82,500 - $121,000•Hybrid

About The Position

At Philip Morris International (PMI), we've chosen to do something incredible. We're totally transforming our business and building our future on one clear purpose - to deliver a smoke-free future. With huge change, comes huge opportunity. So, if you join us, you'll enjoy the freedom to dream up and deliver better, brighter solutions and the space to move your career forward in endlessly different directions. Our success depends on people who are committed to our purpose and have an appetite for progress. Our beautiful HQ in Stamford, CT is just steps away from the Stamford Metro-North Train Station and easily accessible from NYC. The Retirement Benefits Specialist is responsible for administering retirement benefit plans for active and former employees. This role involves ensuring compliance with plan documents, relevant regulations, providing guidance to former employees, and working closely with P&C and finance teams to optimize retirement benefits programs. The ideal candidate will have a strong understanding of retirement plans, excellent communication skills, and a commitment to helping employees achieve their retirement goals.

Requirements

Minimum of 3-5 years of experience in retirement benefits administration or a related role.
Proficiency in HRIS and benefits administration software.
Strong understanding of ERISA, IRS, and DOL regulations related to retirement plans.
Excellent organizational and time management skills.
Ability to handle sensitive and confidential information with discretion.

Nice To Haves

Certification in retirement benefits (e.g., Certified Employee Benefits Specialist (CEBS)) is preferred.

Responsibilities

Administer retirement benefit plans, including 401(k), pension, and other retirement savings programs.
Provide guidance and support to employees regarding retirement plan options, enrollment, and benefits.
Ensure compliance with federal, state, and local regulations related to retirement benefits.
Collaborate with HR and finance teams to develop and implement retirement benefit strategies.
Conduct regular audits of retirement plans to ensure accuracy and compliance.
Prepare reports on retirement plan performance and employee participation.
Stay updated on industry trends and changes in retirement benefits regulations.
Assist in the development and delivery of retirement planning workshops and educational materials.
Respond to employee inquiries and resolve issues related to retirement benefits.
Reconcile 401(k) funding for the weekly, bi-weekly and Semi-monthly payrolls.
Reconcile monthly Defined Benefit payments.
Participate in Ad Hoc projects.
Process fund changes within the designated plans.
Resolve employee/retiree escalations as needed
Support Annual Audit of all Retirement plans
Assist with the Non-Qualified plan day-to-day administration

Benefits

We offer a competitive base salary, annual bonus (applicable based on level of position), great medical, dental and vision coverage, 401k with a generous company match, incredible wellness benefits, commuter benefits, pet insurance, generous PTO, and much more!
We have implemented Smart Work, a hybrid model of working that promotes flexibility in the workplace.
Seize the freedom to define your future and ours. We'll empower you to take risks, experiment and explore.
Be part of an inclusive, diverse culture where everyone's contribution is respected; Collaborate with some of the world's best people and feel like you belong.
Pursue your ambitions and develop your skills with a global business - our staggering size and scale provides endless opportunities to progress.
Take pride in delivering our promise to society: To improve the lives of millions of smokers.

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