Retirement and Pension Plan Manager - FT - Days - MHS

Retirement And Pension Plan Manager

At Memorial, we are dedicated to improving the health, well-being and, most of all, quality of life for the people entrusted to our care. An unwavering commitment to our service vision is what makes the difference. It is the foundation of The Memorial Experience.

The Retirement and Pension Plan Manager is responsible for managing the organization's retirement and pension plans, ensuring compliance with federal and state regulations, and delivering exceptional service to employees regarding their retirement benefits. This role also provides management of our third-party retirement plan recordkeeper and supports strategic planning efforts led by the Vice President, Total Rewards.

Responsibilities :

Serves as an internal resource for employees planning for retirement who have questions and / or would like to begin the process.

Administer and manage all aspects of the organization's retirement and pension plans, including enrollment, contributions, distributions, and compliance.

Oversee the processing of retirement plan transactions such as rollovers, loans, and benefit payouts.

Collaborate with payroll to ensure accurate contributions and deductions.

Work with Treasury and Accounts Payable to handle funding requests and reconciliations.

Conduct educational sessions and partner with internal HR communications to help employees understand their retirement options.

Develop and deliver financial education programs to enhance employees' understanding of personal finance and retirement planning strategies.

Partner with external vendors and resources to recommend solutions to complex retirement and pension issues.

Work closely with internal and external IT resources and HRIS staff to support the administration of retirement and pension administration and recommend changes to processes as needed.

Foster an environment of continuous improvement and teamwork to improve and evolve retirement and pension processes to create value for Memorial Healthcare System and satisfaction among employees.

Support the Vice President, Total Rewards in evaluating and recommending changes to retirement plans to align with organizational goals and employee needs.

Analyze plan performance metrics and prepare reports for leadership on participation, investment performance, and funding levels.

Ensure retirement plans comply with all applicable federal and state laws and regulations.

Support plan audits conducted by internal compliance and external auditors. Prepare any necessary documentation.

Monitor changes in retirement and pension legislation and recommend plan modifications as needed.

Work closely with third-party administrators, trustees, investment advisors, and the plan recordkeeper to manage plan operations. Monitor service agreements and performance metrics to ensure service quality.

Competencies :

ACCOUNTABILITY, ANALYSIS AND DECISION MAKING, CUSTOMER SERVICE, DEVELOPING RELATIONSHIPS, EFFECTIVE COMMUNICATION, MANAGING BUDGETS - MANAGEMENT, MANAGING PEOPLE, RESPONDING TO CHANGE, STANDARDS OF BEHAVIOR

Education and Certification Requirements :

Bachelors (Required)

Additional Job Information :

Complexity of Work : Experience with managing external vendors to deliver actuarial valuation and analysis relating to the design, funding, risk, tax and financial reporting aspects of defined benefit and pension plans in a large corporate environment; Adapting to changing regulations and quickly identify new opportunities and impact; Project management; Process improvement implementation utilizing technology; Knowledge of compliance, tax, and financial reporting requirements applicable to defined benefit, defined contribution, and pension plans, including statutory regulations.

This position requires strong analytical and problem-solving skills, a sense of urgency regarding employee support, and outstanding customer service skills. Demonstrates strong knowledge of ERISA, IRS, and DOL regulations. Demonstrates positive, proactive, and team-oriented behaviors as part of the Total Rewards team.

Required Work Experience : Five (5) years of experience in retirement and pension plan administration

Other Information : Additional Education Information - Education Specialization in Human Resources, Business Administration, Finance, or related field.

Working Conditions and Physical Requirements :

• Asbestos = 0%
• Audible Speech = 60%
• Bending and Stooping = 0%
• Bio hazardous Waste = 0%
• Biological Hazards - Respiratory = 0%
• Biological Hazards - Skin or Ingestion = 0%
• Blood and / or Bodily Fluids = 0%
• Climbing = 0%
• Communicable Diseases and / or Pathogens = 0%
• Computer Monitor = 60%
• Cytotoxic Chemicals = 0%
• Depth Perception = 60%
• Distinguish Color = 60%
• Domestic Animals = 0%
• Dust = 0%
• Extreme Heat / Cold = 0%
• Fire Risk = 0%
• Gas / Vapors / Fumes = 0%
• Hazardous Chemicals = 0%
• Hazardous Medication = 0%
• Hazardous Noise = 0%
• Hearing Acuity = 60%
• Heating Devices = 0%
• Hypoxia = 0%
• Keyboard Entry = 60%
• Kneeling = 0%
• Laser / High Intensity Lights = 0%
• Latex = 0%
• Lifting or Carrying >

75 lbs Non-Patient = 0%

75 lbs Non-Patient = 0%

Shift : Primarily for office workers - not eligible for shift differential

Disclaimer : This job description is not intended, nor should it be construed to be an exhaustive list of all responsibilities, skills, efforts or working conditions associated with the job. It is intended to indicate the general nature and level of work performed by employees within this classification. Wages shown on independent job boards reflect market averages, not specific to any employer. We encourage candidates to talk to their Memorial Healthcare System recruiter to discuss actual pay rates, during the hiring process. Memorial Healthcare System is proud to be an equal opportunity employer committed to workplace diversity. Memorial Healthcare System recruits, hires and promotes qualified candidates for employment opportunities without regard to race, color, age, religion, gender, gender identity or expression, sexual orientation, national origin, veteran status, disability, genetic information, or any factor prohibited by law. We are proud to offer Veteran's Preference to former military, reservists and military spouses (including widows and widowers). You must indicate your status on your application to take advantage of this program. Employment is subject to post offer, pre-placement assessment, including drug testing. If you need reasonable accommodation during the application process, please call 954-276-8340 (