Retirement Plans Supervisor Job Description

The Retirement Plans Supervisor job description is useful for hiring the perfect candidate because it clearly outlines the responsibilities and requirements for the role. This information can be used to find candidates with the necessary skills, experience, and qualifications for the position.

To customize the job description for your own needs, you can modify the specific job responsibilities to reflect the duties required for your organization. For example, if your organization has a specific retirement plan provider or investment strategy, you can include that information in the job description. You can also adjust the qualifications and experience requirements to reflect the unique needs of your organization. Additionally, you can include any specific soft skills or personality traits that you think would be important for the role at your organization.

Job Description Brief:

We are currently seeking a Retirement Plans Supervisor to manage our organization’s retirement plans. The ideal candidate will be responsible for ensuring that employee retirement benefit plans are in compliance with federal and state regulations. As a Retirement Plans Supervisor, you will be responsible for providing advice and guidance to employees on retirement plan options and addressing any issues related to their retirement benefits.

Key Responsibilities:

The responsibilities of a Retirement Plans Supervisor include but are not limited to:

• Oversee and manage the organization’s retirement plans in compliance with legal requirements.
• Provide guidance and support to employees regarding their retirement plan options, eligibility, enrollment, and distribution.
• Develop and maintain relationships with third-party providers such as investment firms, brokers, and record-keepers.
• Analyze and evaluate investment performance and recommend changes to the investment portfolio as needed.
• Ensure that plan administration and record-keeping are accurate and up-to-date.
• Enforce internal policies and procedures related to retirement plans.
• Monitor legislative developments and regulatory changes affecting retirement plans and recommend updates as necessary.
• Create and distribute reports on plan performance, participation, and other key metrics.
• Conduct employee education sessions on retirement plan benefits and options.
• Complete other related tasks as necessary.

Required Qualifications and Skills:

• Bachelor’s degree in business administration, finance, accounting, or a related field.
• At least 5 years experience in retirement plan administration, including experience with defined contribution and defined benefit plans.
• Understanding of ERISA, IRS, and DOL regulations.
• Strong organizational, analytical, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.
• Attention to detail.
• Strong mathematical and computer skills, including experience with Excel and other financial software.
• Experience in managing multiple tasks and prioritizing deadlines.

Education and Experience Requirements:

• Bachelor’s degree in business administration, finance, accounting, or a related field.
• At least 5 years’ experience in retirement plan administration, including experience with defined contribution and defined benefit plans.

Physical requirements (if applicable):

N/A

Work schedule and conditions (if applicable):

• Full-time position, Monday through Friday, with occasional weekends and after-hours as required, depending on business needs.

Compensation and Benefits:

• Competitive salary based on experience and qualifications.
• Health insurance, paid vacation, holidays, and sick days.

Company Culture and Values:

• Our company believes in providing a supportive and collaborative work environment, with opportunities for growth and development.
• Our team is committed to providing the highest level of customer service and support to our clients.

Career Advancement Opportunities:

• Opportunities for career advancement exist based on job performance and achievement.

Application Process and Contact Information:

• To apply, please submit your resume and cover letter to [insert email address or webpage for application submission].
• We appreciate your interest in joining our team and will contact only those candidates whose skills and experience match our requirements.