Retirement Plans Analyst

5 - 7 years experience  • 

Salary depends on experience
Posted on 03/20/18
5 - 7 years experience
Salary depends on experience
Posted on 03/20/18

Job Description:

Responsibilities

Essential duties and responsibilities include, but not limited to:

  • Research, analyze, evaluate, and administer Arrow’s qualified and non-qualified retirement plans, either internally or through a partnership with outsourced service provider, in accordance with company policies and procedures.
  • Review and audit employee and Arrow contributions from Payroll on a weekly basis. Collaborate with the payroll team to reconcile contributions and post funding to the recordkeeper for applicable plans on a scheduled basis.  Audit retirement plan eligibility and participant data. Resolve discrepancies as needed.
  • Monitor and auditloan data to ensure adherence to terms and compliance with regulatory requirements.
  • Perform secondary reviews of additional calculations and system entries as needed.
  • Handle escalated retirement benefit inquiries in a timely manner.
  • Serve as a point of contact for planaudits, SOX compliance and SEC reporting; support the completion of IRS Form 5500 and otherrequired notices and filings related to Arrow’s retirement programs.
  • Serve as a liaison with plan recordkeepers, retirement committee, trustees to ensure plans are administered in accordance with plan documents, established procedures and government regulations.
  • Update Summary Plan Descriptions and applicable administrative process documents.Prepare and distribute plan participant communications as needed.
  • Interpret, review and update plan policies and procedures to ensure standardization, legal compliance and improved efficiency.Identify and implement process improvements in partnership with HR Technology, HRIS, Payroll and service providers.
  • Lead special projects as needed (e.g., plandesign updates, system conversions, enhancements, acquisitions).

Minimum Requirements/Years of Experience/Education

  • Bachelor's degree in Business, Finance, Human Resources or related field.
  • A minimum of 5 years of experience working directly with employee retirement benefits.
  • Strong conceptual, analytical and problem-solving skills
  • Ability to manage projects, balance multiple priorities, and meet deadlines
  • Excellent interpersonal and communication skills, with high level of tact, diplomacy and confidentiality
  • Experience supporting planaudits
  • Experience with Form 5500 filing requirements
  • Working knowledge of ERISA and other federal laws related to retirement plans

Preferred Requirements/Education

  • Advanced proficiency in Excel preferred
  • Working knowledge of ADP and Workday is preferred
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