The University of Kansas Health System · 10 hours ago
Manager Retirement Administration
Shawnee, KS
Full-time
Onsite
Senior Level
5+ years expThe University of Kansas Health System is seeking a Manager Retirement Administration to oversee the strategic design of retirement plans and financial wellness programs. This role involves leading a small team, managing day-to-day administration, and ensuring compliance with fiduciary responsibilities.
BiotechnologyEducationHealthcareClinical TrialsEmergency MedicineHealth Care
Responsibilities
Participate in Plan Design with respect to participants, eligibility, matching vesting, withdrawals, etc, and manage the day-to-day administration and planning activities for the Retirement Savings Plans, including coordinates, compiles and manages all plan census information, including participant enrollment and vesting. Respond to complex retirement benefit questions and correspond with vendors to resolve issues
Manage quarterly retirement plan administrative and plan performance reviews with all stakeholder parties. Fulfill fiduciary governance tasks as Plan Administrator and Secretary of the Retirement Benefits Committee (e.g. regular fee reviews, review of vendor requests for proposals, keeping/ratifying meeting minutes, recommending plan amendments/resolutions, etc.). Manage quarterly retirement plan administrative and plan performance reviews with all stakeholder parties
Make recommendations to improve competitive position and/or legal compliance, including acting as an internal consultant and expert for retirement benefits and fiduciary responsibility best practices and market competitiveness, analyzing benchmark surveys and market, economic and plan financial data to identify trends and improvement opportunities and working with finance to ensure enhancements are budgeted and accounted for properly
Manages inbound and outbound files with Third Party administration, reconciles each contribution file from all retirement plans, and conduct quarterly comprehensive audits of all retirement plans. Responsible for the review and final processing of withdrawals, distributions, and loan requests from the retirement plans
Develop and implement annual financial wellness and retirement education and engagement calendar of activities to maintain and enhance participant engagement and expand availability of retirement information and education to employees by developing financial education/financial wellness strategy
Ensures accurate eligibility and enrollment of all eligible participants and ensures both the employee and the employer contribution levels are accurate based upon years of service. Monitors the forfeiture accounts and applies employer contribution credits at the appropriate time
Prepares plan documents as needed including notices and amendment, including administration procedures and guidelines; and manages all participant communications
Develops audit protocols for all benefit and retirement programs; establishes a regular audit schedule and conducts audits according to schedule; maintains a report of audit findings and corrections; oversees audit corrections and ensures all audit corrections are made; recommends changes to established procedures as required by audit findings
Retirement Savings Plans: Stays current and maintains up-to-date industry knowledge via outside reading as well as attendance at educational seminars and classes
Responsible for creating/delivering all retirement and financial wellness related programs and communications, education series related to financial wellness or retirement benefits, and leading integrations/acquisitions
Will be responsible for a variety of other programs and benefit offerings related to financial wellness including an employee discount program at a local and national level, earned wage access program, tuition reimbursement and certifications, back-up childcare offerings, and other potential future programs including an employee recognition and appreciation program. In addition, will be responsible for maintaining external and internal partnerships with key contacts and vendor partnerships
Qualification
Required
Bachelors Degree in related field of study from an accredited college or university
5 or more years of experience with direct responsibility for the administration of retirement plans
Experience and understanding of Third-Party Administrator, Plan Sponsor, broker, investment, fiduciary and participant roles and responsibilities in qualified plans
Experience and understanding of eligibility, enrollment, contribution, match, forfeitures, testing, correction and plan documents
Demonstrated expertise with standard concepts, practices, and procedures related to defined contribution plan administration, management and governance
Strong excel skills to write and create reports, analyze reports, manipulate data, prepare contribution files, audit to ensure accuracy of contribution files
Strong financial acumen, aptitude for data and numbers, and extremely organized and detail oriented
Excellent computer skills, expert level user with Microsoft Office
Proficient user of retirement program software and other types of benefit management systems, and various types of data base management systems
Excellent written and verbal skills, strong analytical and interpretive skills; Outstanding interpersonal skills with an ability to work within a team environment and receive high customer satisfaction ratings
Ability to handle work-related stress and thrive in a fast-paced environment
Ability to handle multiple priorities simultaneously
Preferred
Preferred advanced knowledge of Employee Retirement Income and Security Act, Department of Labor and Internal Revenue Service regulatory issues
Benefits
Employee discount program at a local and national level
Earned wage access program
Tuition reimbursement and certifications
Back-up childcare offerings
Employee recognition and appreciation program
Company
The University of Kansas Health System
The University of Kansas Health System is an academic medical center for complex care and diagnosis.
10001+ employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Parkinson's Foundation
2023-07-25Grant
Leadership Team
Tammy Peterman
President, Kansas City Division, Executive VP/Chief Operating Officer and Chief Nursing Officer
Recent News
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