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Retirement Plan Administrator

3 months ago

Hamden, United States ASSA ABLOY Americas Full time

We are the ASSA ABLOY Group
Our people have made us the global leader in access solutions. In return, we open doors for them wherever they go. With nearly 61,000 colleagues in more than 70 different countries, we help billions of people experience a more open world. Our innovations make all sorts of spaces – physical and virtual – safer, more secure, and easier to access.

As an employer, we value results – not titles, or backgrounds. We empower our people to build their career around their aspirations and our ambitions – supporting them with regular feedback, training, and development opportunities. Our colleagues think broadly about where they can make the most impact, and we encourage them to grow their role locally, regionally, or even internationally.

As we welcome new people on board, it’s important to us to have diverse, inclusive teams, and we value different perspectives and experiences.



At ASSA ABLOY, we recognize that our people are our most valuable resource, and we provide our employees with comprehensive retirement plans so that they can plan for their future. As a Retirement Plan Administrator, you will play a crucial role in ensuring the smooth operation and compliance of our company’s retirement benefit programs. You’ll work closely with the Manager, Defined Benefits and outside plan administration teams to administer pension and 401(k) plans. 
 

This is an onsite position based at our Americas headquarters in New Haven, CT.
 

What you will be doing 


As Retirement Plan Administration, you will manage all facets of our retirement plans, acting as the point of contact for employees when questions arise. You will be an employee advocate and help educate internal customers on their retirement plan offerings.
 

Day-to-day responsibilities will include:
 

  • Act as primary contact for company Defined Contribution 401(k) plan and Defined Benefit pension plan.  
  • Review employee contributions, employer matches, and withdrawals according to plan rules.  Perform 401(k) contribution reconciliations.  
  • Ensure ERISA Compliance by staying informed about ERISA (Employee Retirement Income Security Act) regulations and ensure plan compliance. 
  • Perform annual testing including non-discrimination testing (ADP/ACP, top-heavy, etc.) and address any issues. 
  • Gather data and review for accuracy prepared annual Form 5500 filings. 
  • Maintain accurate Summary Plan Descriptions for Pension and 401(k) plans. 
  • Provide support for incoming employee and retiree phone/email inquiries relating to their pension benefit and 401(k) accounts.   
  • Participate in workshops, webinars, or one-on-one sessions to address participant inquiries as needed. 
  • Collaborate with internal partners, third-party administrators, recordkeepers, and investment providers. 
  • Maintain accurate records, ensuring all plan-related data (participant information, contributions, distributions) is accurately recorded and updated. 
  • Assist with internal and external audits related to retirement plans. 
  • Participate in plan design discussions and implement changes as needed. 
  • Assist with retirement plan transitions during company mergers or acquisitions. 

What we are looking for 
 

  • Bachelor’s degree in related area, or equivalent experience.
  • At least 5-10 years’ experience in retirement plan administration, working on a variety of defined benefit/contribution programs.   
  • Strong knowledge of retirement plan regulations (ERISA, IRS guidelines). 
  • Proficiency in using retirement plan administration software and Microsoft Excel. 
  • Ability to resolve issues and make corrections using excellent communication and interpersonal skills.
  • Attention to detail and ability to handle confidential information. 


What we offer
 

We’re passionate about providing amazing opportunities and benefits, so that you can enjoy a lifelong career with us. We are proud to offer:
 

  • Continuous professional development opportunities and an environment that fosters internal growth and mobility
  • Competitive compensation and benefits package which includes multiple healthcare options, tuition reimbursement, and matching 401k
  • Generous holiday schedule and paid time off to refresh and recharge
  • Employee pricing on our products and discount programs for travel, entertainment, and more

We review applications regularly, so don’t hesitate, apply today
 

ASSA ABLOY is an Equal Opportunity Employer/Minorities/Females/Disabled/Veteran

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