Benefits Administrator S3485 in Worcester, Massachusetts For Sale

Company Description
Job Description
401K Administrator
3months+ could go longer term
Responsibilities
• Assist with ensuring compliance of the 401 K Plans through the established Summary Plan Document (SPD) & Plan Documents
• Assist in identifying SERP eligible associates due to promotion. Work with vendor to assure SERP associates are identified in 401K RECORDKEEPER system and are limited in the 401k plan.
• Work closely with Vendors and internal groups to coordinate financial education lunch and learn sessions. Assist in the implementations financial education projects.
• Assist with Merger, Acquisition, and Divestiture issues as they relate to retirement plans.
• Look for trends and opportunities to improve processes and add value to programs and services.
• Assist with annual 401 K plans audits. Partner with the 401K RECORDKEEPER and audit firm to ensure the xxxx’sForm Filing and Nondiscrimination Testing is completed timely and accurately.
• Provide support to both 401k open enrollment process
• Assist with year end matching contributions – audit match calculation perform by 401K RECORDKEEPER and assist with communication
• Assist in reviewing Invoices & request approval for payment or instruct 401K RECORDKEEPER to pay out of trust or ERISA budget.
• Support team with any additional requested projects
• Work with HRIS on International termination report. Provide report to 401K RECORDKEEPER to assure associates working outside of US (not on US payroll) that have a 401k or SERP account need to be terminated and payout if they have SERP balance.
• Ongoing plan and cleanup audits– work with 401K RECORDKEEPER to identify issues due to trends and determine next steps to get issues corrected and in compliance.
• Perform problem resolution with vendors on participant issues.
• Assist employees with questions regarding the Retirement plans.
• Assist with auditing weekly SOPC report. Review report for missed loans payments – work with vendor to identify reasons – look for trends
• Audit weekly/monthly error reports –look for trends
• Work with vendor on monthly eligibility report – review fall out and work on rehire data issues and identifying any new SERP eligibles.
• Run and review audit reports for Pay Group/pay Frequency changes and Business entity changes. Make necessary correction in PeopleSoft and notify 401K RECORDKEEPER of loans that need to be reamortized.
• Work with 401K RECORDKEEPER to review quarterly deferral list for both 401k plans to identify discrepancies between Peoplesoft and 401K RECORDKEEPER system.
• Review and audit HCE report received from 401K RECORDKEEPER on HCE. Data enter the new limits in PS and identify if Catch up eligible. Send communication to associates notify them of impact.
• Assist with maintaining participant indicative data with 401K RECORDKEEPER (i.e. address changes, term dates, rehire dates etc.).
Qualifications
Must have 3-5yrs of benefits background
Must have 401K admin experience
Excellent verbal and written skills
Must have excel - pivot tables and vlookups
Peoplesoft skills is a huge plus
Click here to apply.