Ball Aerospace & Technologies

Retirement and Savings Analyst

Ball Aerospace & Technologies • $75K — $105K *
Westminster, CO 80031In-Person
Finance & Insurance
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience.
  • 3-5 years in defined benefit and defined contribution plan administration.
  • Desired CEBS or ASPA certification.
  • Proficient in federal benefits regulations, including ERISA and HIPAA.
  • Solid understanding of pension administration software and data management.

Responsibilities

  • Administer various retirement and savings plans for employees.
  • Maintain up-to-date knowledge of plan rules and historical exceptions.
  • Process qualified domestic relations orders and manage death distributions.
  • Collaborate with management and HR to resolve benefit-related issues.
  • Generate retirement reports for management as needed.
  • Coordinate cost analysis for union negotiations with actuary support.
  • Lead continuous improvement initiatives for benefits administration processes.

Benefits

  • Participates in annual incentive compensation plan.
  • Comprehensive benefits package available.
  • Hybrid on-site work environment in Colorado, requiring 3 or more days per week on-site.
  • Opportunity to work on diverse retirement plans and compliance regulations.
  • Access to professional development and training opportunities.
Full Job Description
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 to employee questions regarding final benefits, form of payment options, calculations and plan rules.
  • Develops and assists in the creation and review of benefits communications and presentations for employees and management.
  • Implements plan or regulatory changes and participates in development of participant communication.
  • Leads continuous improvement plan of internal administration process and practices
  • Coordinates process improvement projects and acts as lead or co-lead for all major benefit plan changes, vendor changes or software changes.
  • Interfaces with IT to design and implement system solutions to maintain data accuracy, plan compliance, and facilitate retirement administrative functions.
  • Owns execution of plan amendments and governance processes (e.g. resolutions) as they relate to retirement and savings programs. Prepares presentations and attachments for Ball's benefits committees.
  • Assists with a variety of ad hoc projects as they arise (e.g., Total Rewards statements, billing issues, benefit communications, complicated employee benefits issues) and data analysis for presentations and reporting.
  • Researches, analyzes and responds to management, HR professionals, plant or division leadership, employees, retirees, attorneys and third party provider inquiries as they relate to the plans, plan data, or benefits.
  • Access to the Protected Health Information (PHI) of plan participants, as defined by the Health Insurance Portability & Accountability Act (HIPAA) privacy rule, may be necessary to perform these duties. Required to participate in privacy training and retraining and comply with HIPAA regulations and obligations with respect to PHI.
  • Participates in the analysis, plan design and implementation of pension programs due to acquisitions, mergers and divestitures or plant closures.


Professional & Education Qualification:

  • Bachelor's degree or an equivalent combination of education and/or experience
  • Job related experience for 3-5 years minimum with defined benefit and defined contribution plan administrations
  • Certifications/Licenses/Other: CEBS or ASPA desired


Knowledge:
  • Ability to apply standard evaluation, selection, and substantial adaptation and modification of retirement and savings plan techniques, procedures, and criteria.
  • Working knowledge of computer systems and software to support pension and savings administration, reports, and troubleshoot data issues.
  • Solid working knowledge of the following areas: Qualified benefit plans, administrative principles, practices, and procedures, federal benefits rules and regulations, e.g. ERISA, HIPAA, and company policies, procedures and products.
  • Must be able to work with and understand data and computer systems.


Compensation & Benefits:
  • Expected Hiring Salary Range: $75,400 - $105,290 (Salary to be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.)
  • This role will be eligible to participate in the annual incentive compensation plan.
  • Please visit our "Total Rewards" page to learn more about Ball's comprehensive benefits structure.
  • Hybrid On-Site Work Environment: Based in Colorado, this position requires regular in-person engagement by working on-site for three (3) or more work days per work week (with core collaboration days of Tuesday, Wednesday, and Thursday). [Travel and local commute between Ball locations and other possible non-Ball locations may be required.]


When submitting your application to Ball, we encourage you to emphasize your skills, experience, and qualifications that align with the role.

About Ball Aerospace & Technologies

Ball Corporation is a provider of metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. Founded in 1880, the company employs more than 15,000 people in more than 90 locations worldwide. Ball Corporation stock is traded on the New York Stock Exchange under the ticker symbol BLL.

Ball Aerospace & Technologies Careers

Join the visionary team at Ball Aerospace & Technologies, a leader in cutting-edge innovation and technology solutions. As part of our dynamic team, you will have the opportunity to contribute to groundbreaking projects that redefine industry standards and push the boundaries of what is possible.

Why Ball Aerospace & Technologies?

At Ball Aerospace & Technologies, we are committed to fostering a culture of diversity and inclusion, where every team member is valued for their unique perspectives and skills. Our company thrives on the principles of professional growth, leadership development, and continuous learning, ensuring that every employee has the opportunity to reach their full potential.

Explore Job Opportunities and Internships

Whether you're a seasoned professional looking for your next career challenge or a student seeking a hands-on internship, Ball Aerospace & Technologies offers a range of employment opportunities across various disciplines. Our team is constantly growing, and we are always on the lookout for individuals who are passionate about innovation and eager to make a significant impact.

Growth and Development

We believe in nurturing the talents of our team members through targeted growth opportunities and comprehensive leadership training programs. Our commitment to professional development is reflected in our robust offerings of training sessions, workshops, and seminars designed to enhance your skills and advance your career.

Benefits and Culture

Choosing a career at Ball Aerospace & Technologies means more than just having a job. It means being part of a supportive community that values your well-being and professional growth. Our employees enjoy a competitive package of benefits, including health, vision, and dental insurance, retirement plans, and flexible working arrangements. More importantly, our inclusive culture encourages collaboration, creativity, and continuous improvement.

Networking and Professional Development

We actively encourage our employees to engage in professional networking and community-building activities. These opportunities not only enhance your career but also contribute to the innovation and collaborative spirit that define our company.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Ball Aerospace & Technologies. We are hiring across multiple positions and looking for talented individuals who are ready to join our mission of discovery and innovation.

Stay Connected

Keep up to date with the latest news, insider perspectives, and career tips from Ball Aerospace & Technologies by following our careers blog. Learn from the experiences of our team members and gain insights into our unique employment culture.

Apply Now

Don’t miss out on the opportunity to be part of a leading team in aerospace technology. Check out our current job listings, tailor your resume, and prepare for an interview that could launch your career to new heights. At Ball Aerospace & Technologies, your future is waiting.

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Join Ball Aerospace & Technologies, where your skills, leadership, and passion for innovation can thrive in the pursuit of technological excellence and professional fulfillment.
Learn more about Ball Aerospace & Technologies
Size
24,300 employees
Market Cap
$16.1 billion
Industry
Aerospace & Defense
Net Income
$585 million
Founded
1980
5 Year Trend
+8.8%
Revenue
$11.7 billion
NASDAQ
BLL
* Ladders Estimates

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