Benefits and Retirement Plan Administrator
3 weeks ago
LHH Recruitment Solutions is seeking a skilled and detail-oriented Benefits and Retirement Plan Administrator to join our clients team in the manufacturing industry. The Administrator will be responsible for overseeing the administration, implementation, and communication of employee benefits programs and retirement plans, ensuring compliance with regulatory requirements and providing excellent customer service to employees.
Responsibilities:
- Administer and manage employee benefits programs, including health insurance, dental and vision plans, life insurance, disability coverage, flexible spending accounts (FSAs), and wellness programs.
- Coordinate the enrollment and termination processes for employee benefits, including communicating plan options, assisting with enrollment forms, and conducting benefits orientations for new hires.
- Process and reconcile employee benefits contributions, deductions, and payroll adjustments, ensuring accuracy and compliance with company policies and regulatory requirements.
- Serve as the primary point of contact for employee inquiries, concerns, and issues related to benefits eligibility, coverage, claims, and plan changes, providing prompt and accurate resolutions.
- Collaborate with benefits brokers, insurance carriers, third-party administrators (TPAs), and vendors to negotiate contracts, resolve issues, and ensure cost-effective and high-quality benefits offerings.
- Monitor and analyze industry trends, legislative changes, and market benchmarks related to employee benefits and retirement plans, and make recommendations for plan enhancements, cost savings, and compliance improvements.
- Manage the administration of retirement plans, such as 401(k) plans, pension plans, and deferred compensation programs, including plan enrollment, contributions, distributions, and compliance testing.
- Prepare and distribute communications, educational materials, and enrollment guides to employees regarding benefits options, plan changes, wellness initiatives, and retirement planning resources.
- Conduct regular audits, reviews, and assessments of benefits and retirement plan data, documentation, and processes to ensure accuracy, integrity, and regulatory compliance.
- Collaborate with HR colleagues, payroll, finance, legal, and compliance teams to ensure alignment, consistency, and effectiveness of benefits and retirement plan administration.
Qualifications:
- Bachelor's degree in human resources, business administration, finance, or related field; or Certified Employee Benefits Specialist (CEBS) or Certified Benefits Professional (CBP) certification
- Minimum of 3 years of experience in benefits administration, retirement plan management, or HR compliance, with a strong understanding of employee benefits regulations, ERISA, HIPAA, and ACA requirements.
- Proficiency in benefits administration software, HRIS systems, and Microsoft Office suite (Excel, Word, PowerPoint).
- Excellent communication, interpersonal, and customer service skills, with the ability to communicate complex benefits information to employees at all levels.
- Strong analytical and problem-solving abilities, with attention to detail and accuracy in benefits data management, reporting, and compliance.
- Knowledge of retirement plan administration, including 401(k) plans, pension plans, fiduciary responsibilities, compliance testing, and IRS/DOL regulations.
- Ability to work independently, prioritize tasks, meet deadlines, and adapt to changing priorities and business needs.
- Commitment to confidentiality, ethical conduct, and professionalism in handling sensitive employee information and benefits matters.
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