US Retirement Director

Boston Consulting Group (BCG); Boston (MA); Hybrid; USD 162,000 - 194,000; Full time

Benefits offered by this job

Health, dental, and vision coverage

Profit Sharing Retirement Fund (PSRF)

Parental Leave

Paid time off

Job summary

Boston Consulting Group is seeking a US Retirement Director to lead all aspects of BCG’s qualified retirement plans, supporting ~18,000 participants and overseeing ~$5 billion in plan assets. You will guide plan design and administration, partnering with senior leaders and teams across the firm.

You will lead a two-person retirement team, manage external vendors, and drive regulatory, fiduciary, and participant matters while coordinating quarterly committee meetings and annual plan reviews.

Qualifications

• Bachelor’s degree required.
• 7-10 years of leadership experience in US qualified retirement plans.
• Deep knowledge of 401(k), defined contribution and defined benefit plans, ERISA, governance, and regulatory compliance.
• Experience leading complex analytic processes: annual calculations, funding, audits, payroll integrations, and participant transactions.
• Demonstrated ability to manage third-party vendors and advisors including plan administrators, legal counsel, financial advisors, auditors, actuaries.
• Strong leadership, communication, and problem-solving skills with experience advising senior leaders on retirement matters.

Responsibilities

• Lead retirement plan strategy, design, and change initiatives considering regulatory and market needs.
• Oversee 401(k) plan administration, payroll integrations, funding, and participant changes.
• Direct compliance with Form 5500, Form 8955, PBGC reporting, audits, testing, and fiduciary requirements.
• Maintain and update retirement plan documents and governance records; coordinate amendments.
• Manage relationships with ERISA counsel, advisors, actuaries, and vendors; lead RFPs and contract reviews.
• Lead retirement governance with quarterly Retirement Benefit Committee meetings and annual plan reviews.

Skills

Leadership

Retirement governance expertise

Project management

Vendor management

Regulatory compliance knowledge

Communication

Education

Bachelor’s degree

Job description

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

What You'll Do

As US Retirement Director, you will lead all aspects of BCG’s US qualified retirement plans, supporting ~18,000 participants and overseeing ~$5 billion in plan assets. You will have end-to-end responsibility for the defined contribution (DC) and Managing Director and Partner only defined benefit (DB) plans, ensuring both programs are compliant, operationally effective, and responsive to evolving participant and business needs.

You will set the direction for BCG’s retirement plan design and administration while partnering with senior leaders and teams across the firm. You will lead a team of two retirement professionals and oversee a broad network of external advisors and service providers, bringing deep retirement expertise and sound judgment to complex regulatory, fiduciary, operational, and participant matters.

• Lead retirement plan strategy, design, and change initiatives, assessing regulatory requirements, market practices, participant needs, and broader business impact.
• Oversee ongoing 401(k) and retirement plan administration, including payroll and administrator integrations (to support enrollments, terminations, demographic changes, and elections), biweekly funding, QDROs, and resolution of operational issues.
• Direct retirement plan compliance and regulatory processes, including Form 5500 and Form 8955 filings, PBGC reporting, annual audits and nondiscrimination testing, fiduciary insurance requirements, annual funding notices, participant disclosures, and other regulatory obligations.
• Maintain retirement plan documents and governance records, coordinating annual amendments and ensuring contracts, processes, key decisions, and other critical records are complete, current, and accessible.
• Manage relationships with ERISA legal counsel, financial advisor, defined contribution and defined benefit plan administrators, actuaries, accountants, custodian, and other vendors; lead periodic RFPs, contract negotiations, service reviews, and oversee invoicing and billing.
• Lead retirement governance and senior leadership engagement, including hosting quarterly Retirement Benefit Committee meetings and annual plan reviews for the System Chair, CFO, and Retirement Benefit Committee; prepare materials and recommendations to support effective plan decisions.
• Partner across internal teams at BCG including Tax, Accounting, Payroll, IT, Partner Services, HR, and executive leadership on all retirement matters including plan governance, fiduciary matters, funding, regulatory developments, and complex retirement issues.
• Design and deliver retirement communications, financial wellness campaigns, webinars, and annual participant outreach, including 401(k) and beneficiary communications; coordinate with financial wellness partners and North America interest groups and clubs. Educate and train HR teams and local leaders on BCG retirement plans.
• Educate Managing Directors and Partners on BCG retirement programs, including MDP Orientation sessions and required plan communications .
• Resolve complex and escalated participant matters involving employees, Managing Directors and Partners, and former or international participants; oversee team in individual meetings with departing MDPs and other employees addressing sensitive retirement matters.
• Lead key retirement projects, including:

• Updates to the annual DC calculation model.
• Review of DB plan design and possible replacement.
• Implementation of regulatory changes and associated plan, process, and participant communication updates as needed.
• Lead and develop two retirement professionals, overseeing participant support and the US Retirement employee inquiry channel while establishing clear processes, controls, documentation, and continuity across retirement operations.

What You'll Bring

• Bachelor’s degree required.
• 7-10 years of relevant leadership experience required, including experience managing US qualified retirement plans.
• Deep knowledge of defined contribution and defined benefit plans, including 401(k) administration, ERISA requirements, plan governance, and regulatory compliance, strongly preferred.
• Experience leading complex analytical processes, including annual calculations, funding, audits, plan amendments, payroll integrations, and participant transactions, strongly preferred.
• Demonstrated ability to manage third-party vendors and advisors, including plan administrators, legal counsel, financial advisors, auditors, and actuaries.
• Strong leadership, communication, and problem-solving skills, with experience developing teams, resolving complex issues, and advising senior leaders on retirement and fiduciary matters.

Who You'll Work With

You will report to the NAMR Total Rewards Executive Director and lead a team of two retirement professionals. You will collaborate with the broader BCG Total Rewards team as well as senior BCG leaders and colleagues across HR, Payroll, Accounting, external retirement plan advisors, and service providers.

Additional info

At BCG, our people and relationships are at the heart of everything we do. We believe that in-person work is essential to our culture, mentorship, and professional development. That's why we operate on a hybrid model, with the expectation that team members will be in the office 3 to 5 days per week. This role is designed for those who thrive in a dynamic, collaborative environment and is not intended for remote or virtual work.

Total compensation for this role includes base salary, annual discretionary performance bonus, contributions to BCG’s Profit Sharing and Retirement Fund (PSRF), and a market leading benefits package described below.

We expect total annualized compensation for Boston based employees to be approximately the following:

• Base salary between $162,000-$194,000 (USD); placement within this range will vary based on experience and skill level
• Annual discretionary performance bonus between 0-30%
• 5% Profit Sharing Retirement Fund (PSRF) contribution, increasing to 10% after two years of service. Contributions are vested immediately and there is no waiting period

At BCG, we are committed to offering a comprehensive benefit program that includes everything our employees and their families need to be well and live life to the fullest. We pay the full cost of medical, dental, and vision coverage for employees – and their eligible family members.* That’s zero dollars in premiums taken from employee paychecks.

All Of Our Plans Provide Best In Class Coverage

• Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
• Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
• Dental coverage, including up to $5,000 in orthodontia benefits
• Vision insurance with coverage for both glasses and contact lenses annually
• Reimbursement for gym memberships and other fitness activities
• Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for employees to make personal contributions to a 401(k) plan
• Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
• Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 15 vacation days per year (earned at 1.25 days per month)
• Paid sick time on an as needed basis
• Employees, spouses, and children are covered at no cost. Employees share in the cost of domestic partner coverage.

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.

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