Benefits Administrator II - Retirement Plans

About the role

The Retirement Benefits Administrator II is responsible for the day-to-day administration of the Company's retirement plans. This position serves as a primary support resource to a diverse employee population, providing information and education about the Company’s retirement plans while fostering a positive customer service environment.

Responsibilities

• Administer the day-to-day operations of the 401(k) and Canadian RRSP plans
• Consolidate payroll data on a weekly basis and coordinates the weekly funding of contributions and company match, including timely research and resolution of contribution matters
• Perform regular data audits to ensure retirement plan vendor accounts are in synch with the payroll balances
• Responsible for plan support as a subject matter expert to participating employees on all plan procedures including eligibility, enrollment, rollovers, beneficiary designations, early distributions, required minimum distributions, death notifications
• Aid with compliance testing, audit, and required notices review
• Prepare data for testing, auditing, and annual funding. Partners with internal departments such as Tax and Payroll to provide, as needed, information and data for internal and external reporting
• Participate in scheduled meetings with appropriate plan vendors to ensure adherence to plan provisions, provide feedback on services, initiate and follow up on necessary administrative corrections, and employee communications
• Ensure the retirement plan documents are updated and posted for participant access
• Aid with the implementation of retirement plan changes and participant education promotions
• Aid with the production and mailing of annual plan notices and employee benefit statements, including review of data provided to vendor
• Maintain tracking of transfers within controlled group companies to ensure their accounts are handled properly

Requirements

• 2+ Years of hands-on 401k administration experience
• Strong Excel skills
• Live within commuting distance from Plymouth, MN

Qualifications

• High school diploma or equivalent
• Minimum of 2 years of hands-on 401k administration experience
• Strong Excel skills
• Licenses/Certifications: None required

Skills

• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Attention to detail and ability to manage multiple tasks simultaneously
• Knowledge of ERISA regulations and retirement plan administration

Benefits

• Multiple medical insurance plan options + dental and vision insurance
• 401K retirement plan with employer match
• Paid time off and company paid holidays
• Paid sick time in accordance with the federal, state and local law
• Tuition Reimbursement after 6 months of continuous service

Pay

The pay range for the position ranges from $31.73 - $52.29 per hour in Minnesota. The range displayed represents the pay range for all positions in the job grade which this position(s) falls. Target pay is $35- $40 per hour. Individual hourly pay rate will depend on a wide range of factors including your skills, qualifications, experience, and location.