Director of Retirement Benefits

Summary

The Director of Retirement Benefits is a critical role within our organization, responsible for overseeing and managing our 401(k)/Profit Sharing plan, pension plan, and non-qualified plans. Reporting directly to the Vice President of Benefits, this position requires an experienced professional with expertise in retirement plan administration, compliance, and strategic benefits management. This leadership role will work closely with internal stakeholders and external partners to ensure the effectiveness and compliance of our retirement benefits.

Duties

• Retirement Plan Management: Oversee the administration and operation of the company's 401(k) plan, pension plan, and executive benefits programs. Ensure that all plans are managed effectively, comply with relevant regulations, and meet the needs of participants.
• Compliance and Reporting: Ensure compliance with federal and state regulations, including ERISA, IRS, and DOL requirements. Prepare, audit, and review required reports, filings, and documentation to maintain regulatory compliance.
• Plan Design and Strategy: Collaborate with the Vice President of Benefits to develop and implement strategies for plan design, enhancements, and communication. Conduct periodic reviews and assessments to identify opportunities for improvement and ensure the competitiveness of our benefits offerings.
• Vendor Management: Liaise with external plan providers, consultants, and auditors to manage plan performance and resolve any issues. Evaluate and select vendors, negotiate contracts, and monitor service levels to ensure alignment with company goals.
• Participant Communication: Develop and deliver effective communication strategies and materials to educate employees about retirement benefits, plan features, and changes. Address participant inquiries and provide guidance on plan provisions.
• Budget and Financial Oversight: Manage the budget for retirement benefits programs, including forecasting costs, monitoring expenditures, and ensuring cost-effectiveness. Provide financial analysis and reports related to plan performance and funding.

Required Qualifications

• Bachelor’s degree in Finance, Business Administration, Human Resources, or a related field.
• Minimum of 7 years of experience in retirement benefits management, with a strong background in 401(k) and pension plan administration.
• In-depth knowledge of ERISA, IRS regulations, and other relevant compliance requirements.
• Proven ability to manage complex benefits programs and work with external vendors and consultants.
• Excellent analytical, organizational, and problem-solving skills.
• Strong interpersonal and communication skills, with the ability to effectively interact with employees, management, and external partners.
• Experience in a large distribution or manufacturing company is a plus. Must demonstrate a history of working with frontline employees, as well as executive level leadership.
• Collaborative working style, seeking to be part of a dynamic team.

Desired Qualifications

• Professional certifications such as Certified Employee Benefit Specialist (CEBS) or Chartered Retirement Planning Counselor (CRPC) are highly desirable.
• Proficiency in benefits management software and systems.

Educational Requirements

• A Bachelor’s degree in Finance, Business Administration, Human Resources, or a related field is required.
• A Master’s degree or advanced certification in a related field is preferred but not mandatory.