Retirement Benefits Specialist

Lockton; Kansas City (KS); Hybrid; USD 33,000 - 36,000; Full time

Benefits offered by this job

Paid training and development

Medical, dental, and vision coverage

401(k) with company match

Pet insurance

Vacation accrual

Holidays and personal days

Employee referral program

Job summary

Lockton is seeking a Retirement Specialist to support a client’s HR department with life-cycle retirement plan administration, including 401(k) and pension, in compliance with ERISA and plan guidelines. The role is hybrid, onsite at Dairy Farmers of America with remote days.

The position requires 1–3 years of defined contribution experience, strong analytical skills, and proficiency in Microsoft Office. You will collaborate with carriers and internal teams to ensure accurate retirement data and

Qualifications

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

Responsibilities

• Liaise between the client’s HR department, employees, and plan carriers.
• Respond to inquiries from current and former employees regarding retirement benefits.
• Monitor and respond to service requests and necessary retirement mail.
• Coordinate with internal partners to resolve retirement data issues.
• Maintain retirement data integrity across systems and third-party platforms.
• Review enrollment and escalate discrepancies to ensure compliance with plan documents and policies.
• Reconcile plan funding and process contributions and transfers.
• Assist with regulatory compliance activities, including Form 5500 preparation.

Skills

ERISA knowledge

Microsoft Office

Analytical skills

Attention to detail

Education

High School Diploma/GED

Higher Education or related field

Tools

Microsoft Office Suite

Job description

Kansas City - Dairy Farmers of America, Kansas, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

About the Position

The Specialist supports an assigned client’s Human Resources department and employees to provide life-cycle retirement plan administration, including 401(k), pension, and nonqualified plans, in compliance with applicable federal and state laws and plan guidelines. Participate in retirement plan projects as needed.

At BCInsourcing, we believe our people are our greatest strength. We strive to hire individuals from diverse backgrounds because different perspectives make us stronger, more innovative, and better equipped to serve others. If you are passionate about helping people and enjoy being part of a dynamic, team-oriented environment, you’ll feel right at home here.

BCInsourcing, a Lockton Company, is one of the nation’s leading benefit communication firms. Headquartered in Kansas City, we deliver customized benefit communication and administrative services to employees across the United States, partnering closely with our clients’ HR departments to support both organizations and their employees.

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.

Total Rewards Summary

We offer a comprehensive total rewards package designed to support the health, financial well-being, and professional growth of our employees.

• Paid training and ongoing professional development
• Company-provided equipment
• Comprehensive medical, dental, and vision coverage, including a wellness program
• Additional voluntary benefit options
• 100% employer-paid benefits
• 401(k) retirement plan with company match
• Pet insurance
• Immediate vacation accrual
• Paid holidays, effective upon hire, including:
  • – 11 company-observed holidays
  • – 2 floating holidays
  • – 2 personal days
  • – 2 volunteer days
• Employee referral bonus program

Compensation

The starting hourly pay range for this position is $24.03 – $26.44 per hour.

The listed hourly range represents the anticipated minimum and maximum compensation for this position. Actual pay will be determined based on a variety of job-related factors, including but not limited to the selected candidate’s skills, experience, qualifications, licensure, and internal equity. In most cases, new hires are not brought in at the top of the range, as compensation decisions are evaluated based on the specific circumstances of each hire.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.