Retirement Lead

Camden, NJ

Retirement Lead!

It's a hybrid role- (3 days in office/ 2 days from home)

Serves as the knowledge expert, primary administrator and point of contact for the Pension, 401(k) Savings Plan and the Non-Qualified Deferred Compensation Plan. This position contributes towards the strategy, design, day to day administration, compliance, program implementation, communications, vendor management and ongoing data analysis and metrics of the Plan.

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This job will have the following responsibilities:

  • Oversee the administration of the Defined Benefit Pension and Defined Contribution 401(k) retirement benefit plans as well as the Non-Qualified Deferred Compensation - including plan setup and updates with vendors.
  • Lead, guide and direct the Retirement Analyst in all day-to-day activities including: establishing goals and objectives, planning, monitoring, and appraising job results. 
  • Work with the external plan actuary on cost projections and annual plan valuations.
  • Research and answer escalated retirement benefit and policy interpretation questions from the benefits administrator, employees, and retirees.
  • Research trends, regulatory requirements and pending legislation; recommend programs, enhancements and plan design changes to the Director of Benefits.
  • Work with Payroll & Finance to audit for payroll accuracy and fund to the plan trustee of the 401(k) savings plan contributions (employee, company match, DCA and loans).
  • Ensures regulatory and legal compliance by working with consultants, actuary, 401(k) vendor and outside counsel on required federal and state disclosures and notices. 
  • Work with the plan recordkeeper to perform and review the annual ADP/ACP testing and coordinate corrective action with record keeper based on results.
  • Work with external plan auditor on all requests related to the annual benefit plan audits (Retirement plans)
  • Coordinate the preparation of plan amendments and present to the Benefits Administration Committee for approval.
  • Assist Labor Relations with pension and 401(k) and retiree in preparing for and during negotiations. 
  • Act as primary contact for external vendors related to the pension & savings plans.

Qualifications & Requirements:

  • Bachelor’s degree, or equivalent work experience
  • Minimum 5 years benefits administration experience in a large company environment
  • Working knowledge of health & welfare, savings, and retirement plans as well as benefit-related laws 
  • Working knowledge of payroll/benefit systems, SAP preferred
  • Certifications: CEBS, CBP preferred

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