HRO Retirement Specialist

Lockton Companies; Plano (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Benefits Specialist focused on 401(k) plans to join their dynamic HR Outsourcing team. This role involves managing client accounts and ensuring compliance with laws and company policies. The ideal candidate will thrive in a fast-paced environment, demonstrating professionalism and adaptability. The company values inclusivity and supports employee growth with comprehensive health benefits. If you are passionate about client service and eager to contribute to a caring culture, this position is for you.

Benefits

Comprehensive Health Benefits

Wellness Options

Qualifications

• Bachelor's Degree required with two years of employee benefits experience.
• Strong mathematical and technical skills for managing reports and data.

Responsibilities

• Manage day-to-day administration and relationships with record keepers.
• Ensure compliance with applicable laws and company policies.
• Coordinate payroll contributions and monitor plan metrics.

Skills

Mathematical Skills

Technical Skills

Organizational Skills

Communication Skills

Recordkeeping

Compliance Knowledge

Education

Bachelor's Degree

Tools

Microsoft Office

Workday

Job description

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented, and always striving to improve themselves and those around them. We value active listening, understanding, and innovative problem solving. If you excel at delivering excellent client service, giving back to our communities, and are part of our caring culture, you belong here.

Position Overview

Due to our success and increased business opportunities, we are seeking a Benefits Specialist focused on 401(k) plans. This role involves partnering with the HR Outsourcing team to manage and service client accounts, acting as an extension of the client’s HR team. The ideal candidate will demonstrate professionalism, adaptability, and the ability to thrive in a fast-paced environment.

Key Responsibilities

1. Manage day-to-day administration and relationships with record keepers/trustees.
2. Evaluate workflows to improve efficiency and processes.
3. Streamline recordkeeping for defined contribution and nonqualified deferred compensation plans.
4. Ensure compliance with applicable laws, company policies, and procedures.
5. Coordinate plan changes such as amendments, mergers, restatements, or terminations.
6. Prepare reports for valuations, nondiscrimination testing, audits, Form 5500s, and other filings.
7. Provide input to the Investment Advisory Committee on plan improvements and legal compliance.
8. Review participant loans and update as needed.
9. Verify accuracy of Summary Plan Descriptions and plan documents.
10. Manage communications with internal and external stakeholders.
11. Assist HR managers and associates with participant questions, problem resolution, and plan interpretation.
12. Process contributions, determine eligibility, and update retirement plan data.
13. Coordinate payroll contributions and monitor plan metrics for trends and improvements.
14. Collaborate with Payroll and HRIS teams regarding deductions and nonqualified plans.

Qualifications

1. Bachelor’s Degree required.
2. At least two years of employee benefits experience, especially in recordkeeping and compliance, preferred.
3. Strong mathematical and technical skills for managing reports and data.
4. Proficiency in Microsoft Office and ability to manipulate large datasets.
5. Knowledge of federal and state legislation related to retirement plans.
6. Excellent organizational and communication skills.
7. Workday experience is a plus.
8. Legal right to work in the United States.

Equal Opportunity Statement

Lockton Companies is committed to providing equal opportunity for all individuals. We foster an inclusive environment where everyone is treated with respect and dignity. We value diversity, equity, and inclusion, believing that embracing differences strengthens our culture and success.

About Lockton

Since 1966, Lockton has been the largest privately held independent insurance brokerage, serving clients worldwide with over 12,500 associates in more than 140 countries. Our independence allows us to prioritize our clients, our people, and our communities.

Our Support for Your Growth

We empower our employees to be authentic and support their career growth. We offer comprehensive health benefits and wellness options to support your overall well-being.

Any unsolicited resumes submitted by employment agencies or individuals will be considered property of Lockton, and we reserve the right to hire at our discretion without fees. Agencies with fee agreements should submit candidates through our designated channels.