Retirement Benefits Specialist

4 weeks ago

Marquette, United States Nichols College Full time

Recruitment began on August 9, 2024 Expires February 9, 2025 Full-Time Job Human Resource Management, Human Resource Management UPPCO seeks a personable and professional Retirement Benefits Specialist to join their team in Marquette, Michigan . The ideal candidate has a thorough understanding of retirement plans and has a genuine interest in helping people navigate their retirement planning. This position reports to the Human Resources Manager. WHAT WE OFFER. Highly competitive salary based on your knowledge and experience. WHAT YOU WILL DO. Process retirement benefit plans and manage documentation for accurate retiree billing and deductions. Collaborate with team to ensure compliance with governmental reporting requirements. Serve as primary contact for plan vendors and third-party administrators; assist retired employees as needed. Research/analyze benefits plans; recommend vendors that offer the best value and meet business needs. Examine/recommend possible plan design and benefit cost changes; implements new benefit programs. Develop/maintain relationships with advisors, actuaries, brokers, and vendors for accurate plan administration. Oversee annual open enrollment for retirees and assist team with active employee open enrollment. Handle day-to-day governmental reporting, compliance, fiduciary requirements, and annual audits/testing. Complete annual 401(k) calculations and compliance testing. Provide assistance and direction to retired employees to resolve claims, eligibility, and coverage issues, and advocate as needed. Provide retirement planning support to employees approaching retirement, covering all health, welfare, and retirement benefits. Ensure accuracy and completeness of paperwork, record-keeping, and data transfer for services, premiums, and plan administration. Assist in developing benefit guides and communication materials with the Payroll & Benefits Specialist. Develop processes to continuously improve the efficiency of the retiree experience. Manage online pension administration and self-service database. Support Vice President of HR and HR Manager with policy maintenance and process improvements. Provide backup for various HR functions and perform general office duties. WHAT WE ARE LOOKING FOR. Bachelor’s degree in Human Resources, Business, Finance, or a related field is preferred. 5 or more years’ experience managing and implementing retirement plans, including pensions and retiree benefits required. Knowledgeable about ERISA, DOL regulations, and the ACA. Strong grasp of laws and regulations for pension and retirement benefits. Advanced proficiency with Microsoft Office Suite (Word, Excel, PowerPoint). Excellent communication skills, both verbal and written. Retirement Plan Professional Certification, a bonus. Valid driver’s license and ability to travel to UPPCO locations, as needed, is required. #J-18808-Ljbffr

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