Retirement Plans Analyst

PRIMARY FUNCTION:

The Retirement Plans Analyst is responsible for accurate retirement plan administration and compliance reporting and communication to employees and retirees to facilitate transactions and ensure understanding of plans and processes.

ESSENTIAL FUNCTIONS:

• Responsible for accurate and precise reconcilement of biweekly retirement plan contributions from payroll to investment carrier/third party defined contribution record-keeper and notification of funding to Finance, determining employee plan eligibility and forwarding notification to record-keeper.
• Confers with Director, Retirement Plans and Counsel as needed on appropriate actions in response to changing regulations related to Retirement Plan Administration.
• Authorizes employee defined contribution distributions and facilitates other transactions as needed.
• Maintains a knowledge of the content and administration of fourteen retirement plans and a knowledge of ERISA and IRS regulations as they relate to administration and reporting requirements.
• Coordinates with 3rd party vendors, Jefferson Finance and Internal Audit and files with DOL the annual Form 5500 including: Schedule A (insurance information), Schedule B (actuarial information), and Schedule SSA (identification of separated employees with deferred vested benefits).
• Completes PBGC Premium Payment forms and insures the premiums are remitted in a timely fashion.
• Works with defined contribution and defined benefit third party administrators to provide problem resolution regarding employee issues consistent with customer service standards.
• Works closely with actuaries and investment carriers to facilitate plan administration.
• Assists in benefits administration through conducting group new employee orientation briefings.

• Bachelorrsquo;s degree in Human Resources or related field required.

• Previous experience in working with defined contribution and/or defined benefit pension plans preferred.
• Previous experience in working with pension vendors, auditors, actuaries, and other external pension contacts.
• Experience in customer service activities as related to pension and tax deferred annuity plans preferred

Jefferson includes Thomas Jefferson University and Jefferson Health, a dynamic university and health system with broad reach across the Delaware Valley. Jefferson is the second largest employer in Philadelphia and the largest health system in Philadelphia based on total licensed beds.

Through the merger of Thomas Jefferson University and Philadelphia University in 2017, our University includes ten colleges and four schools. We are an NCAA Division II university and an R2 national doctoral university offering undergraduate and graduate-level programs that provide students with a forward-thinking education in architecture, business, design, engineering, fashion and textiles, health, medicine and social science.

Jefferson Health, the clinical arm of Thomas Jefferson University, has grown from a three-hospital academic health center in 2015, to an 18-hospital health system through mergers and combinations that include hospitals at Abington Health, Aria Health, Kennedy Health, Magee Rehabilitation and Einstein Healthcare Network. We have over 50 outpatient and urgent care centers; ten Magnetreg;-designated hospitals (recognized by the ANCC for nursing excellence); the NCI-designated Sidney Kimmel Cancer Center (one of only 70 in the country and one of only two in the region); and one of the largest faculty-based telehealth networks in the country. In 2021, Jefferson Health became the sole owner of HealthPartners Plan, a not-for-profit health maintenance organization in Southeastern Pennsylvania. We are the first health system regionally to create an aligned payer-provider partnership.

Jeffersonrsquo;s mission, vision and values create an organization that attracts the best and the brightest students, faculty, staff, and healthcare professionals, as well as the most visionary leaders to drive exceptional results.

• OUR MISSION: We improve lives.
• OUR VISION: Reimagining health, education and discovery to create unparalleled value
• OUR VALUES: Put People First, Be Bold amp; Think Differently and Do the Right Thing

As an employer, Jeffersonmaintains a commitment to provide equal access to employment. Jefferson values diversity and encourages applications from women, members of minority groups, LGBTQ individuals, disabled individuals, and veterans.