Retirement Benefits Advisor

2 weeks ago


Marquette, Michigan, United States Nichols College Full time

Position Overview:
We are seeking a dedicated and knowledgeable Retirement Benefits Specialist to enhance our Human Resources department. The ideal candidate will possess a deep understanding of retirement plans and a passion for assisting individuals in their retirement journey.

Key Responsibilities:
- Manage and process retirement benefit plans, ensuring accurate documentation for retiree billing and deductions.
- Collaborate with the team to maintain compliance with all regulatory reporting requirements.
- Act as the primary liaison for plan vendors and third-party administrators, providing support to retired employees as necessary.
- Conduct research and analysis on benefits plans, recommending vendors that deliver optimal value and align with organizational needs.
- Evaluate and suggest potential modifications to plan designs and benefit costs; implement new benefit initiatives.
- Cultivate and sustain relationships with advisors, actuaries, brokers, and vendors to ensure effective plan administration.
- Oversee the annual open enrollment process for retirees and assist with active employee enrollment.
- Manage daily governmental reporting, compliance, fiduciary responsibilities, and annual audits/testing.
- Execute annual 401(k) calculations and compliance assessments.
- Offer guidance and support to retired employees in resolving claims, eligibility, and coverage concerns, advocating as necessary.
- Provide retirement planning assistance to employees nearing retirement, addressing all health, welfare, and retirement benefits.
- Ensure the accuracy and completeness of all paperwork, record-keeping, and data transfers related to services, premiums, and plan administration.
- Collaborate in the development of benefit guides and communication materials with the Payroll & Benefits Specialist.
- Innovate processes to enhance the efficiency of the retiree experience.
- Manage online pension administration and self-service databases.
- Support the Vice President of HR and HR Manager in policy maintenance and process enhancements.
- Provide backup for various HR functions and perform general office duties.

Qualifications:
- A Bachelor's degree in Human Resources, Business, Finance, or a related field is preferred.
- A minimum of 5 years of experience in managing and implementing retirement plans, including pensions and retiree benefits, is required.
- Strong knowledge of ERISA, DOL regulations, and the ACA is essential.
- Comprehensive understanding of laws and regulations governing pension and retirement benefits.
- Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
- Exceptional verbal and written communication skills.
- Retirement Plan Professional Certification is a plus.
- A valid driver's license and the ability to travel as needed are required.



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