Senior 401(k) Administration & Retirement Planning Specialist

Energy Transfer LP; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Energy Transfer LP is seeking a Senior Analyst for 401(k) Administration & Retirement Planning to design, administer, and enhance the company's qualified and non-qualified retirement programs, with primary focus on the 401(k) Plan and profit-sharing arrangements.

The ideal candidate has substantial 401(k) administration experience, strong analytical skills, and the ability to explain complex retirement concepts clearly to employees and leaders at all levels.

Qualifications

• Senior level - 5+ years of progressively responsible experience administering large and/or complex 401(k) plans; 8+ years for Lead level.
• Bachelor's degree in Human Resources, Finance, Accounting, Business, or a related field.
• Strong working knowledge of ERISA, the Internal Revenue Code, IRS and DOL requirements, and regulations applicable to qualified defined contribution retirement plans.
• Demonstrated experience with 401(k) plan operations, compliance testing, payroll and contribution reconciliations, participant eligibility, and recordkeeper or third-party administrator coordination.
• Strong analytical and creative problem-solving skills, with the ability to independently investigate complex issues, identify root causes, evaluate alternatives, and drive issues to resolution.
• Excellent written and verbal communication skills, including the ability to explain complex retirement plan provisions and technical concepts clearly to employees, leaders, and business partners at all levels.
• Advanced proficiency with Microsoft Excel and strong proficiency with Microsoft Office applications; experience working with large data sets, reconciliations, lookups, pivot tables, and data analysis.
• Strong attention to detail and demonstrated commitment to completing responsibilities with a high level of accuracy, timeliness, and documentation.

Responsibilities

• Administer and support the Company's defined contribution retirement programs, including the 401(k) Plan and profit-sharing plans, in accordance with plan documents and applicable legal and regulatory requirements.
• Ensure retirement plans are administered in compliance with ERISA, the Internal Revenue Code, IRS and DOL requirements, and other applicable federal, state, and local regulations.
• Coordinate closely with Payroll and HRIS to ensure accurate integration of retirement plan data with employee wages, compensation, eligibility, deductions, and employer contributions.
• Assist with reconciliation of payroll deductions, employer contributions, plan funding requirements, and participation data.
• Review weekly, monthly, quarterly, and annual reports, interfaces, and exception files to confirm enrollments, deferral elections, eligibility, contributions, and participant transactions are processed accurately and in accordance with plan provisions.
• Support Workday implementation and optimization for retirement planning function.
• Monitor participant eligibility and calculate or validate 401(k) and profit-sharing entry dates, as required, based on applicable plan provisions and employee data.
• Support administration of the Company's executive non-qualified deferred compensation plan, including elections, contributions, distributions, participant inquiries, data validation, and vendor coordination.
• Coordinate and support preparation of the annual Form 5500 filing, schedules, required disclosures and notices, and responses to related information requests.
• Analyze plan data and trends, including participation, deferral rates, contribution levels, utilization, demographics, transaction activity, and other plan metrics; develop recurring and ad hoc reporting for management.
• Identify opportunities to enhance plan administration, controls, employee experience, communications, automation, data quality, and operational efficiency.
• Assist with employee and retiree retirement plan communications, education materials, SPDs, required notices, and other plan-related content.

Skills

ERISA knowledge

Analytical skills

Communication skills

Excel proficiency

Data analysis

Attention to detail

Multitasking

Discretion with sensitive data

Education

Bachelor's degree

Tools

Workday

HRIS

Excel

Job description

Energy Transfer LP is seeking a Senior Analyst for 401(k) Administration & Retirement Planning to design, administer, and enhance the company's qualified and non-qualified retirement programs, with primary focus on the 401(k) Plan and profit-sharing arrangements.

The ideal candidate has substantial 401(k) administration experience, strong analytical skills, and the ability to explain complex retirement concepts clearly to employees and leaders at all levels.