What are the responsibilities and job description for the Retirement Benefits Specialist position at Vensure Employer Solutions?
About Us
Vensure Employer Solutions is the largest privately held organization in the HR technology and service sector, providing a comprehensive portfolio of solutions, including HR/HCM technology, managed services, and global business process outsourcing (BPO). The company and its service providers collectively serve over 95,000 businesses and process over $135B in annual payroll. As a "One Employer Solution” headquartered in Chandler, Arizona, Vensure helps thousands of businesses streamline and grow their operations with custom strategies that benefit both employers and employees. Find out more by visiting www.vensure.com .
Position Summary
The Retirement Benefits Specialist position is responsible for assisting Vensure's Retirement Team by providing administrative support to client sponsored retirement plans and Vensure's 401(k) Multiple Employer Plans (MEP) and Pooled Employer Plans (PEP). In this role, you will be involved in all aspects of the day-to-day operations, including plan compliance, supporting clients and participants, retirement-related payroll adjustments and setting up new retirement plans. The Retirement Benefit Specialist partners directly with retirement vendors to resolve issues and find improvements to plan processes.
Essential Duties and Responsibilities
- Assist with administration of retirement plans by uploading contribution files, resolving file errors, navigating retirement provider websites, and remitting payments.
- Support the Vensure MEPs and PEPs through daily administration including reviewing and approving distributions and participant loans, enrolling new participants, and correcting contribution errors.
- Communicate with internal and external customers regarding 401(k) administration, providing subject matter expertise and support for Vensure products and services.
- Ability to both follow and create process documents.
- Partner with Vensure's retirement vendors to perform due diligence on Vensure's MEP/PEP and resolve issues.
- Work with multiple departments including Payroll, Client Relations, and Benefits to coordinate timely administration of retirement plans.
- Coordinate year-end compliance testing and reporting for our various 401(k) plans.
- Annual Form 5500 and audit support
- Maintain accuracy while working with high volumes in a hyper-growth environment
Knowledge, Skills, and Abilities
- Organizational skills
- ERISA knowledge
- Strong written and oral communication skills
- Willingness to learn
- Interpersonal skills
- Detail oriented
- Proactive
- Teamwork
Education & Experience
- Associates Degree or equivalent combination of experience, skills, education (including other relevant non-traditional degree programs, certifications, or job training programs) preferred.
- 2 years of retirement plan experience
- Group retirement plan (MEP/PEP) experience a plus
- Retirement related credentials a plus (ASPPA, CEBS, etc.)
- Prism HRIS software experience a plus
Salary : $135
