Retirement Plans Specialist

Corewell Health; Southfield (MI); On-site; USD 52,000 - 76,000; Full time

Job summary

Corewell Health is seeking a pension administrator to support the defined benefit pension plans and assist the system pension team. You will respond to inquiries, verify data accuracy, and help with plan administration and compliance.

The role requires collaboration with vendors and HR partners to improve processes and ensure timely pension calculations. The position emphasizes working with multiple data systems through daily operations, ensuring data integrity, and supporting a compliant

Qualifications

• Bachelor's degree in HR, business, or related area.
• 2 years of relevant experience in retirement plan administration or related area.

Responsibilities

• Responds to pension plan inquiries using Workday, ServiceNow, and legacy systems.
• Reviews and analyzes data with WTW, Deloitte, HRIS, payroll, and benefits to ensure accuracy for pension calculations.
• Meet with participants to review forms, scan/upload documents, and run pension estimates.

Skills

Pension administration

Data entry

Workday

IRS rules knowledge

Education

Bachelor's Degree in HR/Business

Tools

Workday

WTW retirement system

ServiceNow

Job description

Job Summary

Responsible for performing a range of moderately complex transactions relating to the defined benefit pension plans of Corewell Health. Establishes process improvements and recommendations. Directly supports the daily operations of the system pension team and is responsible for assisting with the administration of all pension plans. Demonstrates pension plan expertise when engaging with team members, vendors and other areas of HR as needed.

Essential Functions

• Responds to internal, external and general pension plan inquiries utilizing Workday, ServiceNow, Willis Towers Watson (WTW) retirement system and various other legacy data information systems.
• Assists with reviewing, analyzing, inputting, and reporting data in collaboration with Willis Towers Watson (WTW), Deloitte, HRIS, payroll, benefits and other HR areas to ensure accuracy of data to be used in all pension plan calculations.
• Meet with participants to review pension forms, check mailroom for incoming mail, scan and upload documents, send former team members reminder letters and application forms, run pension estimates and other pension plan administration duties.
• Analyzes demographic data and reviews pension plan data while ensuring the accuracy of the team members pension plan eligibility.
• Partners in compliance/risk mitigation strategies, conducts audits and ensures data integrity for all process changes implemented within pension plans operations data flow. Conducts ongoing reviews to ensure pension plans remain in compliance with IRS and DOL rules.
• Performs all other general tasks and duties in support of the system pension plan team operations.

Qualifications

Required

• Bachelor's Degree or equivalent in Human Resources, Business, or related area
• 2 years of relevant experience in retirement plan administration or related area

About Corewell Health

As a team member at Corewell Health, you will play an essential role in delivering personalized health care to our patients, members and our communities. We are committed to cultivating and investing in YOU. Our top-notch teams are comprised of collaborators, leaders and innovators that continue to build on one shared mission statement - to improve health, instill humanity and inspire hope. Join a nationally recognized health system with an ambitious vision of continued advancement and excellence.

How Corewell Health cares for you

• Comprehensive benefits package to meet your financial, health, and work/life balance goals. Learn more here.
• On-demand pay program powered by Payactiv
• Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!
• Optional identity theft protection, home and auto insurance
• Traditional and Roth retirement options with service contribution and match savings
• Eligibility for benefits is determined by employment type and status

Primary Location

SITE - Corewell Health Southfield Center - 26901 Beaumont Blvd

Department Name

HR Total Rewards Retirement - Corporate

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

40

Hours of Work

8:00 a.m. - 5:00 p.m.

Days Worked

Monday - Friday

Weekend Frequency

N/A

Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.

An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.