Retirement and Savings Analyst

Retirement and Savings Analyst

Company:
Ball Corporation

Location:

Westminster, CO, US, 80021 Job Category:
Human Resources Req.

At Ball, integrity and trust are the foundation of who we are. Guided by our core values—"We Care. We Work. We Win."—we create a culture where every voice matters and every idea drives progress. Together with our global employees, customers, and partners, we're turning bold sustainability goals into reality and shaping a future we can all be proud of. Create a new future.

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Primary purpose of the position:
Administers qualified and non-qualified defined benefit pension plans, Defined Contribution 401k plans, Deferred Compensation and Employee Stock Purchase Plans (ESPP) for US Salaried, Union and Non-Union Hourly full-time and part-time employees. Accountable for all administrative functions for Ball's qualified plans and regulatory guidelines to maintain qualified plan status. Also performs administrative functions for Ball's non-qualified plans, as well as Canada defined contribution plans.

Serves as subject matter expert in the department for all aspects of administration, including acting as a liaison with outsourcing vendor, researching historical/legacy benefits and applicable administration practices.

Essential Responsible Areas:
Accountable for administering Ball's various retirement and savings plans. Maintains knowledge of all plan rules and historical exceptions in order to validate benefit system data, calculate benefits, and provide information. Responsible for administration of qualified domestic relations orders. Notifies internal and external parties when notified of death and processes death distributions. Works closely with management, human resources colleagues, employees, retirees and third party vendors to provide day-to-day business support for administrative policies and benefit issues.

Designs and generates retirement reports for management on a monthly basis or as requested. Maintains logs to ensure compliance and provides statistical analysis to management. Coordinates with and communicates to management all escalated retirement issues. Supports union negotiations by coordinating cost of plan changes with actuary; works with internal departments and actuary/administrator to implement negotiated changes. Responsible for data preparation and transmission to third party vendors for plan valuation and nondiscrimination testing;

researches and resolves all data issues, and communicates results. Facilitates retirement appeals within plan and regulatory guidelines. Analyzes and communicates retirement appeals to management. Responsible for the preparation and distribution of annual pension statements and all required notices. Owns process to completion of annual benefit plan audits and completion of other regulatory reporting such as Form 5500s. Maintains Summary Plan Descriptions.

Performs corrections to plans as necessary. Provides Payroll Department with information necessary to initiate SERP payments and monitors to be sure paid correctly. Responsible for salaried Canadian DC plan administration including reconciliation of deferral elections, transmission of deferrals to vendor, funding, change/addition of deferrals by participant, resolution of data issues, correction of errors, compliance, participant and HR communication and any requested reporting.

Responsible for administration of Deferred Compensation plans, including enrollment events, contribution processing, distribution coordination and issue resolution. Overall responsibility for day-to-day management of the Employee Stock Purchase Plan (ESPP), including oversight of integrations and activity between the Company and the vendor, maintenance of plan documents and employee education material and issue resolution. Responsible for communications and promotion of Ball's retirement and savings programs Acts as a liaison between the company, trustee, record-keeper and other organizations/agencies;

ensures that the costs/quality of services provided are of appropriate level. Develops communication and training materials to promote plans' values and employee understanding. Responds…