Retirement Benefits Specialist

Lockton; Kansas City (KS); Hybrid; USD 52,000 - 70,000; Full time

Benefits offered by this job

Referral bonus

Job summary

BCInsourcing LLC seeks a Retirement Benefits Specialist to act as the liaison between HR, employees, and plan carriers. You will support inquiries, manage retirement data, and help ensure accurate enrollment and funding across 401(k), pension, and other plans.

You will monitor data integrity, assist with regulatory compliance, and contribute to annual enrollment and communications efforts, operating in a hybrid onsite/offsite setting with Dairy Farmers of America.

Qualifications

• High School Diploma or GED; related work experience equivalency.
• 1–3 years professional experience in defined contribution plans administration.
• Working knowledge of ERISA laws and retirement benefits regulations.
• Proficient in Microsoft Office Suite.
• Demonstrated problem-solving and data-analysis abilities.
• Organized with attention to detail.

Responsibilities

• Liaise between HR, employees, and plan carriers.
• Respond to retirement benefits inquiries from employees.
• Process retirement mail and monitor carrier websites for service requests.
• Coordinate with internal partners and vendors to resolve data/administration issues.
• Maintain retirement data integrity across internal and third-party systems.
• Review demographic and feedback files to identify data issues and support corrections.
• Review enrollments and escalate discrepancies to ensure compliance with plan documents and regulations.
• Reconcile retirement plan funding activity and prepare wire transfers and checks for plan expenses.
• Reconcile payroll retirement deductions and enter adjustments as needed.
• Support data gathering for regulatory compliance, including Form 5500 filing and audits.
• Stay updated on retirement plan laws and compliance updates.
• Support annual enrollment for non-qualified plans and assist with communications.

Skills

ERISA knowledge

Regulatory knowledge

Problem solving

Detail oriented

Education

High School Diploma/GED

Higher education (preferred)

Tools

Microsoft Office

Job description

Retirement Benefits Specialist – (2601V6)

Referral Bonus

: 500.000000

Location:**This is a hybrid position, working onsite at Dairy Farmers of America Monday through Wednesday and remotely on Thursdays and Fridays**

ESSENTIAL FUNCTIONS

• Serves as a liaison between the client’s Human Resources department, employees, and plan carriers.
• Provides support in researching and responding to inquiries from current and former employees regarding retirement benefits.
• Helps monitor and respond to service requests through carrier website; processes retirement mail.
• Coordinates with internal partners and vendors to help resolve retirement data or administration issues.
• Helps maintain the integrity of employee retirement data across internal systems and third-party vendor or administrator platforms.
• Reviews daily demographic files and weekly feedback files to identify and address data issues; supports the research and correction of data-related errors.
• Reviews employee enrollment in retirement plans and escalates discrepancies to support compliance with plan documents, regulations and policies.
• Reconciles retirement plan funding activity, prepares wire transfers and check requests for third-party plan expenses, and funds employee and employer contributions into applicable retirement plans, including 401(k), deferred compensation, and pension plans.
• Reconciles retirement-related deductions in the payroll system to ensure accuracy and enter approved adjustments, as appropriate.
• Provides support in gathering and compiling data for regulatory compliance activities, including annual audits, Form 5500 preparation and filing, and compliance testing.
• Maintains awareness of applicable retirement plan laws, regulations, and compliance updates to support administration activities.
• Supports the annual enrollment process for non-qualified plans.
• Supports the coordination, development, and delivery of employee communications, including meetings, webinars, mailings, and related materials.
• Performs periodic retirement data audits, identify recurring issues, and recommend data-validation and process improvements.
• Helps create and maintain retirement procedure documentation for assigned duties; maintain confidentiality of information.
• Performs other duties as requested.

Qualifications

REQUIRED EDUCATION AND EXPERIENCE

• High School Diploma/GED equivalent and/or related work experience equivalency.
• 1-3 years professional experience in defined contribution plans administration; mathematical and reconciliation skills
• Working knowledge of ERISA laws and state and federal retirement benefits-related regulations and requirements
• Proven experience operating in Microsoft Office Suite.
• Professional experience demonstrating self-driven analysis and problem-solving creating solutions-based outcomes.
• Proven ability to organize time and resources operating with accuracy and attention to details.

PREFERRED EDUCATION AND EXPERIENCE

• Higher education or equivalent combination of education, training, and experience in a related field.
• Defined benefit experience.
• ADP systems experience.
• CEBS or RPA certification designation.

Primary Location

: KS-Kansas City – Dairy Farmers of America

Schedule

: Full-time

Hiring Manager

: Lisa Hansen

Organization

: BCInsourcing LLC

Anticipated Closing Date

:Ongoing|Ongoing