Retirement Solutions Consultant

2 weeks ago


Marquette, Michigan, United States Upper Peninsula Power Company Full time
Join Upper Peninsula Power Company as a Retirement Benefits Advisor

Upper Peninsula Power Company is seeking a dedicated and professional Retirement Benefits Advisor to enhance our team. The ideal candidate will possess a comprehensive understanding of retirement schemes and demonstrate a sincere passion for assisting individuals in their retirement journey.

Key Responsibilities:
  • Administer retirement benefit programs and ensure precise documentation for retiree billing and deductions.
  • Collaborate with colleagues to maintain compliance with regulatory reporting standards.
  • 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 programs; suggest vendors that deliver optimal value and align with organizational needs.
  • Evaluate and propose potential plan design and cost modifications; implement new benefit initiatives.
  • Foster and maintain relationships with advisors, actuaries, brokers, and vendors for effective plan management.
  • Oversee the annual open enrollment process for retirees and assist the team with active employee enrollment.
  • Manage daily governmental reporting, compliance, fiduciary responsibilities, and annual audits/testing.
  • Complete yearly 401(k) calculations and compliance assessments.
  • Provide guidance and support to retired employees to resolve claims, eligibility, and coverage inquiries, advocating as necessary.
  • Offer retirement planning assistance to employees nearing retirement, covering all health, welfare, and retirement benefits.
  • Ensure the accuracy and thoroughness of documentation, record-keeping, and data transfer for services, premiums, and plan management.
  • Assist in the creation of benefit guides and communication materials in collaboration with the Payroll & Benefits Specialist.
  • Develop processes aimed at continuously enhancing the retiree experience.
  • Manage online pension administration and self-service databases.
  • Support the Vice President of HR and HR Manager with policy updates and process enhancements.
  • Provide backup for various HR functions and perform general office tasks.

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

We invite you to explore this opportunity with us.

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