What are the responsibilities and job description for the Retirement Benefits Specialist position at Stifel?
Why Stifel
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.
Let’s talk about how you can find your place here at Stifel, where success meets success.
What You'll Be Doing
The Retirement Benefits Specialist is responsible for the day-to-day operations of the company's 401(k) plan and Health Savings Account (HSA), helping ensure the consistent administration of retirement benefits programs and contribution funding that comply with legal and regulatory requirements and support the achievement of organizational objectives.
What We're Looking For
- Manage all pay contribution funding.
- Monitor and reconcile contributions and loan variances to ensure all contributions are reported and posted accurately.
- Perform weekly, quarterly, and annual audits including remittance confirmations, excess deferral, 402g reporting, loans, deduction code set up, and contribution limits.
- Respond to retirement inquiries and educate associates with regard to company’s retirement plans and HSA.
- Research complex associate data issues with third-party administrators to resolve cases and provide analysis to drive decision-making for plan enhancements.
- Coordinate financial well-being projects, campaigns, education meetings, and website/portal content.
- Gather and compile data for various projects, create standard reports and perform specialized queries for various projects.
- Manage and coordinate the annual census collection process; validate annual census information and resolve discrepancies for nondiscrimination/compliance testing in preparation for annual internal and external audit process.
- Manage the company match and bonus change process.
- Coordinate with recordkeeper on regulatory notice and plan document creation and deployment.
- Assist with M&A activity to support census, data gathering and communications requests, and coordinate the transfer of associates to company benefit plans.
What You'll Bring
- Solid knowledge of ERISA and requirements concerning benefit plans and administration.
- Experience with 401(k) and HSA contribution funding and day-to day operations of the retirement plan and HSA administration.
- Proven ability to understand the causes, costs, and potential outcomes of issues and problems, and to implement information or formulate corrective actions.
Education & Experience
- Minimum Required: Bachelors degree, or equivalent work experience.
- Minimum Required: 3 years of defined contribution plan experience.
Licenses & Credentials
- Minimum Required: None.
Systems & Technology
- Advanced skills in Excel (including pivot tables, lookup tables, and advanced formulas).
- Advanced skills in Microsoft Word, PowerPoint, Outlook.
- Experience with HRIS database.
About Stifel
Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.