Retirement Plan Specialist

Position Description

Purpose
This Retirement Plan Specialist is responsible for performing a variety of accounting and administrative duties to ensure that the Company's employee retirement benefit plans (401k, 401a, Employee Stock Bonus Plan, defined benefit pension plan, and non-qualified deferred compensation plan) are appropriately managed by the Company.


Company/Entity

1. Actively supports the achievement of the company goals and objectives for its retirement plans by performing a variety of higher level accounting and administrative duties and responsibilities.
2. Collaborates across company and supports consistent technical practices. Adheres to policies, procedures and standards that protect both the company's assets and employee retirement plans' assets.
3. Promotes and protects Teichert's values including diversity, teamwork, fair work environment and respect of others in order to maintain a "team" spirit within the business unit and on project teams; works and cooperates with other disciplines across the Company to ensure maximum and best uses of Teichert resources.
4. Builds and maintains positive working relationships with internal and external customers. Reflects a positive impression of the department and Company with external customers through professional interactions.
5. Promotes and protects the community perception of Teichert.

Technical/Specialty Area

1. Acts as the primary day to day contact with the third party administrators and vendors of the Company's retirement plans.
2. In collaboration with third party retirement plan record keepers, maintain and review records for the Company's 401k Plan, 401a Plan, Employee Stock Bonus Plan, defined benefit pension plan, and nonqualified deferred compensation plan.
3. Periodically reconcile employer contributions, employee contributions and employee loans related to the Company's retirement plans.
4. Perform annual allocation of profit sharing contributions to employee retirement accounts.
5. Review and recommend changes to retirement plan governing documents as required for optimal maintenance of the plans.
6. Coordinate and manage the annual plans' audits, financial statement preparation, 5500 review and filing process and compliance testing of the plans.
7. Act as a resource to employees of the Company with regard to questions about the retirement plans.
8. Research and interpret retirement plan documents as needed.
9. Prepare and mail annual required participant notices.
10. Collaborate with the third party providers to provide education materials and seminars to plan participants.
11. Coordinate the annual distribution process for the Employee Stock Bonus Plan.
12. Review allocations of contributions and earnings to participants in the Employee Stock Bonus Plan.
13. Submit annual census data to third party administrator of Employee Stock Bonus Plan.
14. Review and reconcile plans' forfeitures.
15. Input into payroll system and periodically audit amounts of 401(k) deductions and loan payments.
16. Coordinates biannual retirement education sessions for the Employee Stock Bonus Plan and 401(k) plan.
17. Develops and coordinates annual videos for open enrollment.
18. Responds to Administrative Committee ad hoc requests for data or information about the plans.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required. Other similar or additional duties are performed as assigned.

Key Relationships, Role Qualifications, and Requirements

Key Relationships

Reports to:

• Retirement Plans Supervisor

Supervises:

• None

Education

• Bachelor's Degree in Accounting, Finance, Business, HR or an equivalent combination of education and related experience.

Experience & Industry Expertise

• Five to ten (5-10) years of experience with employee retirement plan administration or an equivalent combination of training and related experience.
• A solid understanding of ERISA, DOL and IRS laws pertaining to employee retirement plans.

Specific Job Requirements

• Must demonstrate intermediate to advanced computer software skills including Word, Excel and Outlook. Must be able to create Excel spreadsheets using formulas and macros. Knowledge of Crystal Reports is preferred.
• Must demonstrate excellent written and verbal communication skills.
• Possess the ability to comprehend complex legal documents and filings.
• Must demonstrate the ability to make sound decisions based on analysis, experience and judgment.
• Must demonstrate the ability to problem-solve issues to resolution.
• Must demonstrate the ability to strategically formulate new or improved processes or procedures.
• Must demonstrate the ability to work well under pressure, remaining composed and professional.
• Must demonstrate ability to work in a fast-paced environment, prioritize and manage multiple assignments.
• Must demonstrate strong organizational skills and time management practices.
• Must develop and maintain strong working relationships internally and externally.
• Must demonstrate the ability to maintain a high level of confidentiality.

Competencies

• Relationship Management
• Business Acumen
• Communications
• Time Management
• Organization and Management
• Technology: Microsoft Office

Physical Demands, and Work Environment
Physical Demands & Work Environment: The physical demands and work environment characteristics are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Physical: Sitting for long periods of time working at the computer. Prolonged viewing of computer monitor. Keyboarding; use of fingers to make small movements such as typing and mouse usage. May require walking on uneven ground, climbing stairs, climbing on ladders, bending, pushing, squatting, pulling, reaching overhead or stooping. May carry boxes up and down flights of stairs. May lift materials up to 50 lbs overhead.
• Work Environment: Typical office environment with adequate temperatures and lighting, low levels of noise. Plant locations may contain dust, fumes, debris, medium to loud levels of noise and extreme weather conditions including excessive heat and rain prevalent at times. Travel required for various business needs. Work may include varied business hours including early mornings or late evenings, as well as extended hours as business needs require.

BASE SALARY RANGE:
$96,667-$135,333
The range displayed reflects the range the company reasonable expects to pay for the position. The actual base salary is subject to variation due to the role, level, geographic location, relevant education, training, or experience, among other factors.

Employer Disclosure Statement
The above statements and job description is intended to describe the nature and level of work being performed within this job. They are not intended to be an exhaustive list of all responsibilities, duties, and tasks. Other similar or additional duties are performed as assigned.

Equal Opportunity Employer
Teichert and its subsidiaries pride themselves on being an Equal Opportunity Employer. Individuals seeking employment at our company are considered without regards to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by federal, state or local laws.

Applicants with disabilities may be entitled to reasonable accommodation. A reasonable accommodation is a change in the way things are normally done that will ensure an equal employment opportunity without imposing an undue hardship on the company. If you are an applicant with a disability, please inform Robert Maxey (View email address on click.appcast.io) if you need assistance completing any forms or to otherwise participate in the application process.

Notice to Staffing Agencies
Teichert, Inc. and its subsidiaries ("Teichert") will not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to Teichert, including unsolicited resumes sent to a Teichert mailing address, fax machine or email address, directly to Teichert employees, or to Teichert's resume database will be considered Teichert property. Teichert will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. Teichert will consider any candidate for whom an Agency has submitted an unsolicited resume to have been referred by the Agency free of any charges or fees. Agencies must obtain advance written approval from Teichert's recruiting function to submit resumes, and then only in conjunction with a valid fully-executed contract for service and in response to a specific job opening. Teichert will not pay a fee to any Agency that does not have such agreement in place. Agency agreements will only be valid if in writing and signed by Teichert's Human Resources Representative or his/ her designee. No other Teichert employee is authorized to bind Teichert to any agreement regarding the placement of candidates by Agencies.