Retirement Benefits Specialist
29 days ago
New York
Job Description Senior Retirement Analyst Overview: • The Senior Retirement Analyst will administer all retirement plans and select benefit programs, including: 401(k)/Savings Plan, Partners’ Cash Balance Retirement plan, Form 5500 filings, Health Savings Accounts and Flexible Spending Accounts administration. Will support the Director of Benefits & Compensation as needed. The Senior Retirement Analyst will maintain participant records in HRIS, reconcile bills, prepare bimonthly payroll input, handle plan distributions, and interact with auditors on all retirement plan matters. Responsibilities: • Retirement Plan: Process and reconcile employee payrolls and partner distributions and resolve any issues that arise with the payroll. Coordinate non-discrimination testing for all plans. Reconcile funding of quarterly retirement plan contributions, and annual 401(k) matching contributions with the record keeper. Update employee and partner contributions in HRIS. Interact with payroll vendor and retirement plan record keeper. Provide retirement plan participants with assistance when needed. Provide calendar year budget estimates for retirement plans. Provide new employees and partners with information on the 401(k) and HR-10 eligibility. Manage audit for defined contribution plans and prepare 5500’s for the same. Assist with communication of any plan changes Qualifications: Minimum of 3-5 years of experience in retirement plan administration ideally in a law firm or financial services or a plan administrator • Bachelor’s degree required, preferably with an emphasis on human resources or accounting., • Good oral & written communication skills., • Excellent mathematical aptitude., • Experience with HRIS systems; Workday a plus., • Strong Excel skills (ability to perform vlookups and create pivot tables)., • Ability to work well under pressure & handle multiple tasks., • Keeps abreast of any changes in retirement plan laws., • Ability to handle highly confidential and sensitive information., • Must be available to report to work on regularly scheduled days and at the scheduled hour.