Raley's

  • Sr Retirement Plans Analyst

    Location
    Raley's Far West
    Address
    1601 West Capitol Ave
    Category
    Support Team
    Department
    Human Resources/Legal
    Zip Code
    95691
  • Overview

    The Senior Retirement Plans Analyst provides essential services and analysis of Defined Contribution, Defined Benefit and Retiree Medical Plans for Raley’s and subsidiary companies. The Senior Retirement Plans Analyst focuses on assisting team members to make the transition from working to retirement through plan administration, pension calculations and distributions, retirement education materials, and group and individual consultation. This role carries out plan administration responsibilities in partnership with third-party Analysts and the Raley’s manager of Retirement plans. This job classification requires basic knowledge of ERISA, applicable sections of the Internal Revenue Code and Department of Labor Regulations; and a thorough understanding of plan documents, plan administrative and operational requirements.

    Responsibilities

    1. *Administers the operation of the Pension, 401(k) Retirement Savings and Raley’s Retiree Medical Plans in conjunction with Third-Party Administrators (TPAs) and the Retirement Services Manager.
      1. Calculates complicated Pension and Group Pension Plan benefits including distributions for disability, death, and Qualified Domestic Relations Orders (QDRO’s).
      2. Reviews and updates all Summary Plan descriptions, highlights and notices. Develops team member communications and implements educational campaigns.
      3. Processes draft QDRO’s with TPA for approval. Determines when to request holds on pension and 401(k) benefits due to possible QDRO activity.
      4. Responds to data inquiries from TPAs.
      5. Keeps informed of current industry trends and legislative changes that may affect plans, and maintains plan compliance with applicable federal rules and regulations.
    2. *Communicates in writing and verbally with plan participants of varying audience sizes regarding plan information needs.
      1. Responds to team member inquiries in a thorough, timely and empathetic manner.
      2. Conducts retirement planning meetings to help team members make informed retirement decisions.
      3. Maintains appropriate, detailed documentation of discussions and actions taken for historical and audit reference purposes.
    3. *Manages Retiree Medical Plans including: determining eligibility, enrolling and terminating retirees and spouses, processing premium payments, conducting annual open enrollment, calculating and tracking reimbursement account balances, authorizing reimbursements, and paying vendor invoices.
    4. *Coordinates with HRIS team to prepare data transmissions and census files for use in actuarial valuation, audit, nondiscrimination testing and participant statements. Ensures participants’ weekly deferrals are transmitted accurately and timely to TPA.
    5. *Represents Raley’s with external auditors during annual Retirement Plans audit.
      1. Provides documentation for plan audits and prepares, reviews and files Form 5500 with Department of Labor.
      2. Performs numerous audits throughout the year to ensure data integrity in the PeopleSoft system. Coordinates with Payroll Team on required paycheck corrections.
    6. *Makes administrative, procedural and plan design recommendations to department leadership. Seeks out opportunities for continuous improvement.
    7. *Cultivates productive working relationships with TPAs and monitors performance.

    Qualifications

    EDUCATION AND EXPERIENCE:

    Associates Degree in accounting, finance or human resources or related field or equivalent combination of training and experience.  Three (3) year or more of increasingly responsible experience administering employee retirement plans.

     

    REQUIRED KNOWLEDGE:

    ·        Technical knowledge of employee retirement plan policies, practices and applicable laws.

    ·        Familiarity with defined benefits, defined contribution plans and ERISA regulations.

    ·        Strong spreadsheet application skills with MS Excel.

    SKILLS/ABILITIES:

    ·        Ability to apply broad knowledge of professional principles and practices in employee retirement plan administration and work independently.

    ·        Ability to maintain effective working relationships and foster teamwork.

    ·        Ability to be conduct analysis efficiently and accurately.

    ·        Ability to act in a responsive manner to customer inquiries and requests: escalates the more difficult matters as necessary.

    ·        Excellent ability to communicate effectively, both verbally and in writing.

    ·        Demonstrated ability to make persuasive presentations.

    ·        Strong organizational, analytical and problem solving skills.

    ·        Ability to maintain confidentiality of information. 

    ·        Demonstrated ability to operate various computer systems and software programs.

     

         

     

    CERTIFICATIONS REQUIRED

    Completion or coursework toward certification in retirement plans administration is preferred (ASPPA or CEBS) but not required.

     

    PHYSICAL DEMANDS - Employees may occasionally experience the following physical demands for extended periods of time:

    • Sitting; frequent sedentary work.
    • Telephone usage to communicate with internal and external customers, and vendors.
    • Viewing computer monitor; average ordinary visual acuity necessary to prepare documents, enter data into computer system and read reports from computer monitor.
    • Keyboarding; use of fingers to make small movements such as typing and mouse usage.

     

    WORK ENVIRONMENT

    Work is performed in a normal business office environment with occasional travel to store locations, business conferences, training sessions or off-site meetings. 

     

    Internal Applicants:

    • No disciplinary action during the past 6 months.
    • Your current leader must recommend that you apply for this position and provide endorsement upon request from HR.
    • You must upload a resume and answer all application questions.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed