Total Rewards Consultant-Retirement Plans

Huntington National Bank•Columbus, OH

1d•$70,000 - $140,000•Onsite

About The Position

This position is available to be filled at any Huntington Corporate office location. Summary: The Retirement Plans Consultant will help manage, design and ensure compliance for employer sponsored retirement plans (401(k), pension and supplemental programs), serving as the primary liaison between the plans and recordkeepers, and supporting the Total Rewards Program Manager. This role is responsible for strategic, administrative, and analytical functions: Plan Administration & Analytics Administer multiple retirement plans (401(k), defined benefit pension, supplemental plans and programs) and ensure compliance with plan documents and federal requirements Monitor plan performance and troubleshoot issues using reporting tools and data analysis and provide analytical support for plan design and financial wellness initiatives, including plan trends and opportunities Support daily operations related to contribution processing, loan processing, annual match true-up process, trust review and reconciliations and analyze, audit and validate integrity for retirement plans Support plan design changes, system updates, and process improvement initiatives with internal partners and external vendors, including IT, HRIS, payroll and third-party administrators Vendor Oversight Support management of third-party administrators, actuaries, and legal partners Monitor vendor performance and support daily administration of programs by third-party vendors Participate in retirement related aspects of HR/Payroll systems projects and processes, including identifying HRIS scope, requirements, and testing Identify and recommend opportunities to improve quality and services to colleagues, including utilization of vendor products and services and technology enhancements Compliance Support compliance with ERISA, IRS and DOL rules. Support internal and external annual plan audits. Prepare and monitor required disclosures and filings, compliance testing, Form 5500 preparation, and plan documentation requirements Coordinate and support plan amendments, restatements, and updates to plan documents. Ensure adherence to internal governance processes and document and update plan procedures Communication Develop and execute communication strategies with external vendors to enhance colleague understanding of retirement benefits Serve as the escalation point for internal and external stakeholders on plan-related matters, including participant inquiries Prepare presentations for executives on plan performance and statistics. Support special projects such as mergers and acquisitions and organizational change initiatives

Requirements

Bachelor’s degree plus 6+ years of relevant experience in retirement plan administration
Ability to analyze large amounts of data and process information with high levels of accuracy; ability to identify discrepancies and inconsistencies in available information, working to explain and resolve variances.
Strong analytical skills for reviewing and auditing procedures, reports and benefits billing
Highly organized self-starter with the ability to prioritize and multi-task, plan proactively and meet deadlines
Exceptional client service, including clear communication, professional handling of challenging situations, adaptability and collaboration in a team environment

Nice To Haves

Strong understanding of ERISA, IRS, and DOL regulations and experience with filing and compliance requirements
Experience with benefits administration systems (Fidelity preferred) and HRIS systems (Workday preferred) and advanced skills in Excel and PowerPoint

Responsibilities

Administer multiple retirement plans (401(k), defined benefit pension, supplemental plans and programs) and ensure compliance with plan documents and federal requirements
Monitor plan performance and troubleshoot issues using reporting tools and data analysis and provide analytical support for plan design and financial wellness initiatives, including plan trends and opportunities
Support daily operations related to contribution processing, loan processing, annual match true-up process, trust review and reconciliations and analyze, audit and validate integrity for retirement plans
Support plan design changes, system updates, and process improvement initiatives with internal partners and external vendors, including IT, HRIS, payroll and third-party administrators
Support management of third-party administrators, actuaries, and legal partners
Monitor vendor performance and support daily administration of programs by third-party vendors
Participate in retirement related aspects of HR/Payroll systems projects and processes, including identifying HRIS scope, requirements, and testing
Identify and recommend opportunities to improve quality and services to colleagues, including utilization of vendor products and services and technology enhancements
Support compliance with ERISA, IRS and DOL rules.
Support internal and external annual plan audits.
Prepare and monitor required disclosures and filings, compliance testing, Form 5500 preparation, and plan documentation requirements
Coordinate and support plan amendments, restatements, and updates to plan documents.
Ensure adherence to internal governance processes and document and update plan procedures
Develop and execute communication strategies with external vendors to enhance colleague understanding of retirement benefits
Serve as the escalation point for internal and external stakeholders on plan-related matters, including participant inquiries
Prepare presentations for executives on plan performance and statistics.
Support special projects such as mergers and acquisitions and organizational change initiatives