Retirement Benefits Specialist Job Hartford area,Connecticut USA,Finance & Banking

This position performs a variety of tasks related to the administration of the following retirement plans:

Pension Plan for Employees of the H.N.S. Management Company, Inc., Represented by the A.T.U.
H.N.S. Management Company, Inc., Retirement Plan
H.N.S. Management Company, Inc., 401(k) Savings Plan

Respond to employee questions and inquiries regarding retirement plans in a timely manner with a focus on customer service.

Process and verify 401(k) transactions including submitting and verifying participant contribution changes and preparing and transmitting weekly employee contribution files to outside contractor.

Track 401(k) auto-enrollment and auto-increase notifications and eligibility, and monitor the 401K loan activity.

Assist the Pension Administrator with:

Preparing annual federal tax returns (Form 5500) for retirement plans;

Maintaining the databases needed to track participants’ pension and 401(k) benefits;

Preparing annual pension benefit summaries and calculating pension benefits for participants;

Preparing monthly pension plan payrolls for submission to outside vendor for processing as required, and process any additions and changes to benefits, tax with holdings, and any related insurance deductions;

Reviewing the monthly financial statements provided by the Custodian. Assists in the preparation of related monthly activity reports; and

Recording the minutes associated with applicable Trustee and Administrative Committee meetings

Assists in departmental programs/projects as necessary, including attending new hire orientation and presenting an overview of retirement benefits to new employees.

Work cooperatively with all levels of personnel.

Responds to inquiries for information from employees, senior leadership, and/or external partners as needed.

Attend in-service training, seminars or other opportunities for professional development as made available by the Company.

Provides training for Company personnel in the retirement benefits functions as required. Actively participates in staff meetings, trainings, etc.

Has thorough working knowledge of Agency policies and procedures, and collective bargaining agreements.

Travels and provides support to other departments and divisions with benefits and administrative related functions as needed.

Other duties and responsibilities as assigned.

A bachelor’s degree with major course work in Administration, Human Resources, Retirement Benefits, Accounting, Mathematics, Finance, or a related field required.

An equivalent combination of education and work experience on a year-for-year basis can be substituted for the 4-year degree requirement.

Specific work experience in 401(k) administration, pension administration, or other employee benefit administration is required.

Understanding of state and federal rules and regulations related to pension and/or 401(k) administration preferred.

Demonstrated customer service skills with excellent oral and written communication skills.

Demonstrated ability to maintain confidentiality of employee information.

Proficient in software programs (Microsoft office & access database), internet applications and HRIS programs, and utilization of all relevant office equipment.

The ability to quickly learn internal software programs.

Strong organizational skills with ability to prioritize and process work with a high level of accuracy, and to work independently as well as in a team environment.

Customer-focused and capable of relating well at all levels of the organization.

Impeccable judgment and high personal/professional integrity.

Ability to handle sensitive and confidential information with discretion.

A valid drivers’ license is required. Individual may be required to travel in the course of their daily work.