What are the responsibilities and job description for the Retirement Specialist position at Care New England Health System and Careers?
Job Summary:
The Retirement Specialist will assist in managing the daily operations of Care New England’s retirement plans providing support to employees, retirees, and beneficiaries.
The Retirement Specialist will be responsible for overseeing multiple active and frozen defined benefit plans,403(b) plans and a 457(b) plan.
The incumbent will manage all retirement communications and educate employees on retirement benefits.
The Retirement Specialist will work closely with vendors to ensuring compliance with ERISA and other regulations.
Will provide information and reports for plan benefit calculations, valuations and audits.
Assist as point contact for annual retirement plan audits and manages special retirement programs.
Duties & Responsibilities:
Assist in managing the daily administration and maintenance of the Care New England’s defined benefit and defined contribution retirement plans.
Develop communications to assist employees with enrollment in retirement programs and answer related questions.
Conducts group benefit presentations and/or individual meetings with employees regarding retirement benefits.
Respond to inquiries and employee issues regarding defined contribution plans.
Help ensure that retirement plans are administered according to Plan provisions and follow all government regulations. Work with actuaries, record keepers, and co-fiduciaries on any necessary changes.
Distributes relevant information and documentation to plan participants and beneficiaries.
Work closely with the Senior Manager of Compensation & Retirement to develop and provide actuaries and auditors with information and reports for plan benefit calculations, valuations and audits. Assist as point contact for annual retirement plan audits.
Ensure accurate record keeping. Develop and maintain various retirement plan reports and develop ad-hoc reports.
Partner with internal stakeholders including Payroll, Finance, and Information Technology.
retirement projects including request for proposals (RFP), implementations, special retirement programs, etc. as needed.
Requirements:
Bachelor's Degree Required
Minimum 3 to 5 years experience in benefits, 401(k), 403(b), and/or pension administration
Excellent interpersonal skills with ability clearly explain retirement plan options in easily understood terms
Highly organized, attentive to detail with excellent follow-through
Strong sense of discretion; ability to handle confidential, sensitive information
Experience working with 401k or 403(b) plans and knowledge of traditional defined benefit plans
An understanding of regulations (ERISA, IRS and DOL) relating to defined contribution and defined benefit plans
Proficient with Excel and other MS-Office tools - Word, Power Point, etc.
Care New England Health System (CNE) and its member institutions, Butler Hospital, Women & Infants Hospital, Kent Hospital, VNA of Care New England, Integra, The Providence Center, and Care New England Medical Group, and our Wellness Center, are trusted organizations fueling the latest advances in medical research, attracting top specialty-trained doctors, and honing renowned services and innovative programs to engage in the important discussions people need to have about their health.
Americans with Disability Act Statement: External and internal applicants, as well as position incumbents who become disabled must be able to perform the essential job-specific functions either unaided or with the assistance of a reasonable accommodation, to be determined by the organization on a case-by-case basis.
EEOC Statement: Care New England is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Ethics Statement: Employee conducts himself/herself consistent with the ethical standards of the organization including, but not limited to hospital policy, mission, vision, and values.