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Retirement Manager - Los Angeles, United States - Fawkes IDM
Description
Responsibilities:
Manage the day-to-day administration and operation of the retirement plans, including contribution/funding reconciliation, distributions, QDRO processing, benefit file coordination and maintenance; analyze, address and implement retirement plan design changes;
Manage the relationships between firm, participants, consultants, trustee and vendors, as applicable, regarding the retirement plans, plan systems and service valuation; oversee and approve payments for participants as part of retirement process and/or termination process;
Responsible for providing financial metrics and cost analysis of the retirement plans; collect, verify and provide retirement data to the actuary as needed for computation of benefits, funding requirements, valuations and applicable internal audits; collaborate with accounting and financial reporting to ensure appropriate measurement and reporting of plan assets, liabilities, and funding levels;
Prepare and/or supervise the drafting and delivery of appropriate educational communications regarding the retirement plans and eligibility criteria as needed for the retirement plans and retiree medical plans; prepare communications and materials necessary to address recommended changes and key issues to the Investment/Retirement Benefit Committee; interpret and explain policies, procedures, and relevant law to current, terminated and retired participants;
Provide clear and effective counsel to employees, participants, retirees and management, in person and in writing, and answer questions regarding retirement programs and policies;
Maintain and update the retirement section of the Firm's portal/website as needed, ensuring that the information is accurate and current;
Serve as back-up to the Senior Retirement Analyst and assist with other department initiatives as needed;
Travel as required
Requirements
Bachelor's degree
At least 7+ years of defined contribution, defined benefit and nonqualified plan administration experience;
At least 7+ years of human resources, talent management, or accounting experience
At least 7+ years in a professional services or legal environment (preferred).
Advanced knowledge of federal and state laws and regulations (401k, 415, ERISA);
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