Retirement Plan Specialist

job
  • US Tech Solutions
Job Summary
Location
Hershey ,PA 17033
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
21 Dec 2024
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Job Description

Job Details:


Job Title: HR Analyst (Retirement)

Location: Hershey, PA (Hybrid)

Duration: 12 months Contract


Job Summary:

Administer all aspects of employee pension and 401(k) in accordance with Company policy and/or state, federal or local laws for U.S. employees, while providing instruction, guidance and excellent customer service to employees, managers, and human resources professionals. Role will support Canada as needed for English-speaking employees. Role additionally supports other Benefit areas as needed. Identify the major duties/responsibilities of the job. List the percentage of the incumbent's time that will be spent on each major duty/responsibility. Total should not exceed 100 percent. It is not necessary to list duties/responsibilities that represent less than 10 percent of time.


Duties:

1. 60% - Support US, Puerto Rico, and Canada Retirement Plan Administration


  • Work directly with 3rd party administrators on all issues related to 401(k) and Pension.
  • Weekly funding of U.S. 401(k) and Canada Registered Retirement Savings Plan (RRSP)
  • Weekly and quarterly audits of 401(k), RRSP, pension vendor files
  • Monthly pay out of 8% Supplemental Retirement Contribution benefit
  • Semi-annual Supplemental Retirement Contribution (SRC) process for U.S.
  • Annual Core Retirement Contribution (CRC) process for U.S., Puerto Rico, and Canada benefit
  • Primary contact for planning and administration of legally required communications and all communications associated with special payment processes (SRC, CRC, etc.).
  • Monitor and respond to ServiceNow tickets within the service level agreement
  • Monitor and respond to 3rd party administrator tickets timely and effectively.


2. 25% - Invoice Billing

  • Run monthly queries to create and complete self-bill invoices for US. And Canada disability and life insurances
  • Pay monthly bills received from benefit vendors


3. 15% - Assist 3rd party administrators

  • Serve as subject matter expert on pension and 401(k)/RRSP for participants, managers, ask HR, HR Consultants, Total Rewards, Finance, and Payroll.
  • Assist with internal/external auditor and Sarbanes-Oxley (SOX) and 5500 requests and proactively ensures data integrity.
  • Participate on various work teams examining the enhancement of programs, procedures, policies, processes, workflows, automation related benefits.
  • Provide ongoing support to former employees/retirees by answering simple to complex questions related to pension and 401(k).


Dimension:

  • Employees Serviced – U.S. employees and Canada English-speaking employees
  • Scope of Involvement: Internal customers (employees, supervisors, managers, payroll, legal, absence management team, IT) and vendors
  • Minimum knowledge, skills and abilities required to successfully perform major duties/responsibilities:
  • Excellent analytical skills & interpersonal skills.
  • Excellent computer skills – especially Excel and data analytics tools


Minimum Education and Experience Requirements:

  • Bachelor’s Degree or equivalent training or experience.


Must Have Experience:

  • Working knowledge of 401(k) and pension rules and requirements.
  • Computer experience (MS Word, MS Excel, SAP, Outlook).
  • Ability to effectively communicate with employees, managers, IT, vendors, legal and payroll quickly and efficiently.


About US Tech Solutions:

US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit .


US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Internal Job ID: 24-27439


Thanks and Regards,

Anmol Singh


Email:

URL:


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