Role Overview:
Our client, a leading provider of transportation services, is seeking a Compensation and Retirement Plan Manager to oversee the administration and compliance of U.S. retirement plans. This role will be based in their Boston office with a hybrid schedule requiring at least three days per week on-site.
Compensation: $110,000.00 - $120,000.00
Location: Boston, Massachusetts (Hybrid)
Responsibilities of the Compensation and Retirement Plan Manager include:
- Manage end-to-end operations of our client's U.S. retirement plans (80% of role)
- Partner with plan administrators to ensure accurate contributions, distributions, plan amendments, and regulatory compliance
- Execute nondiscrimination testing, 5500 filings, and annual audits
- Serve as liaison between participants, beneficiaries, consultants, and administrators
- Design and implement participant education materials and meetings
- Evaluate plan investment options and recommend design changes
- Assist with the implementation and communication of the Non-Qualified Deferred Compensation plan
- Oversee annual compensation review process and maintain salary/job grading framework (20% of role)
- Advise on ad hoc salary benchmarking and review internal equity
- Run monthly audits to ensure system accuracy and sync with Payroll
- Implement new Union 401k and pension plans for new contracts
- Prepare mandatory reporting and monitor participant data/metrics
Qualifications of the Compensation and Retirement Plan Manager include:
- Bachelor's degree in Business, Finance, HR or a related field
- 5+ years of experience in retirement plan administration and analysis
- Strong knowledge of defined contribution, defined benefit, and multi-employer plans
- Experience with 5500s, nondiscrimination testing, audits, and plan documents
- Familiarity with implementing new retirement plans highly desired
- Advanced Microsoft Excel skills (pivot tables, VLOOKUP, formulas)
- Experience with UKG and PeopleStrategy Workforce a plus
- Exceptional communication, customer service, and problem-solving abilities
- Highly organized with keen attention to detail
- Ability to perform complex calculations and analysis
- Commitment to maintaining strict confidentiality
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