SECU
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If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!
Position Overview Provide support in proper Retirement Plan administration and maintain compliance with regulatory authorities, such as the Department of Labor and the Internal Revenue Service. Counsel and assist employees with retirement planning and retirement account questions, and guide employees in the process of retiring from SECU through the proper steps.
Responsibilities
30%
– Oversee duties during payroll processing windows to ensure retirement savings elections for participants are correctly reflected in the Workday payroll system and manage the reconciliation and wiring of contribution funds and 401(k) loan payments to the recordkeeper every pay period, as well as performing earnings adjustments as needed. Additionally, provide employee support and assistance via phone and email, addressing inquiries and resolving issues promptly.
20%
– Obtain and maintain knowledge of current legislation and regulatory changes, trends, and other developments affecting employer-sponsored benefits (HIPAA, COBRA, ACA) and retirement plans (ERISA); explain plan policies, procedures, and legal requirements and provide support to employees and retirees regarding SECU-sponsored benefits and tax‑advantaged accounts.
20%
– Advise, support, and direct employees transitioning into retirement under Rule of 85: send internal notices, update retiree enrollment records with vendors, deliver election forms to retirees and dependents, and ensure PHI/PII confidentiality.
10%
– Assist in developing, implementing, and monitoring internal procedures and support systems for Retirement Plans and retirement benefits administration.
10%
– Assist the VP with audits, projects, and duties to ensure recording and compliance accuracy.
10%
– Coordinate plaques, gifts, and retirement reception logistics (room setup, technology support, catering) for retiring employees.
Supervision Internal Relationships
Payroll – work closely to ensure contributions are properly applied to paychecks and tax forms and make corrections if necessary.
Benefits – administer Retiree Medical and Life Insurance benefits.
HRIS – coordinate with the Information Systems team for system changes due to new laws and update reports in Workday.
Leave Admin – assist employees on leave to retire under the Rule of 85.
Financial Advisory Services – collaborate with specialists when assisting employees with retirement planning.
Audit – support the department during annual audits.
Accounting – provide weekly, monthly, and quarterly reports; send semi‑monthly Retirement Plan payroll funding amounts and any corrections.
Enterprise Software Solutions – support vendor integrations with Workday.
Talent Development – partner to organize and schedule educational events (e.g., Retirement Readiness Seminar).
External and Vendor Relationships
Fidelity (recordkeeper) – partner to ensure proper Plan administration, troubleshoot issues, coordinate educational campaigns, and maintain compliance.
Alight (Retiree Health Care Exchange and HRA administrator) – ensure smooth transition for retirees into Medicare/private healthcare marketplace and proper administration and funding of the Health Reimbursement Account.
UnifyHR (Retiree Medical Billing) – troubleshoot medical payment issues for retirees.
Frameworks (Retiree plaque provider) – coordinate plaque preparation.
Qualifications Required Education Associate’s degree.
Desired Education Bachelor’s degree.
Required Relevant Experience 2 years.
Desired Relevant Experience 2 years.
Required Knowledge, Abilities, Skills
Interpret financial data and apply it to benefit plan policies; conduct retirement and benefits-related calculations and analysis.
Proficiency in MS Office with advanced skills in Excel.
Interest in obtaining and maintaining Life, Accident and Health or Sickness, Medicare Supplement Long‑Term Care, and Personal Lines insurance licenses.
Effective verbal communication; fluent in English.
Experience with Workday as the HCM provider.
Desired Knowledge, Abilities, Skills
Certified Financial Planner (CFP®) designation.
Qualified 401(k) Administrator (QKA®) designation.
Special Position Requirements and Job Environment Hybrid: in‑office and work‑from‑home schedule. At the office, physical proximity to other employees; some background noise from copy machines and telephone. Work‑from‑home requires a quiet, private, and professional environment.
Sitting for prolonged periods.
Carrying up to 15 lbs.
Lifting up to 15 lbs.
Push/Pull up to 15 lbs.
Telephone use for prolonged periods.
Computer use for prolonged periods.
SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.
#J-18808-Ljbffr
If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!
Position Overview Provide support in proper Retirement Plan administration and maintain compliance with regulatory authorities, such as the Department of Labor and the Internal Revenue Service. Counsel and assist employees with retirement planning and retirement account questions, and guide employees in the process of retiring from SECU through the proper steps.
Responsibilities
30%
– Oversee duties during payroll processing windows to ensure retirement savings elections for participants are correctly reflected in the Workday payroll system and manage the reconciliation and wiring of contribution funds and 401(k) loan payments to the recordkeeper every pay period, as well as performing earnings adjustments as needed. Additionally, provide employee support and assistance via phone and email, addressing inquiries and resolving issues promptly.
20%
– Obtain and maintain knowledge of current legislation and regulatory changes, trends, and other developments affecting employer-sponsored benefits (HIPAA, COBRA, ACA) and retirement plans (ERISA); explain plan policies, procedures, and legal requirements and provide support to employees and retirees regarding SECU-sponsored benefits and tax‑advantaged accounts.
20%
– Advise, support, and direct employees transitioning into retirement under Rule of 85: send internal notices, update retiree enrollment records with vendors, deliver election forms to retirees and dependents, and ensure PHI/PII confidentiality.
10%
– Assist in developing, implementing, and monitoring internal procedures and support systems for Retirement Plans and retirement benefits administration.
10%
– Assist the VP with audits, projects, and duties to ensure recording and compliance accuracy.
10%
– Coordinate plaques, gifts, and retirement reception logistics (room setup, technology support, catering) for retiring employees.
Supervision Internal Relationships
Payroll – work closely to ensure contributions are properly applied to paychecks and tax forms and make corrections if necessary.
Benefits – administer Retiree Medical and Life Insurance benefits.
HRIS – coordinate with the Information Systems team for system changes due to new laws and update reports in Workday.
Leave Admin – assist employees on leave to retire under the Rule of 85.
Financial Advisory Services – collaborate with specialists when assisting employees with retirement planning.
Audit – support the department during annual audits.
Accounting – provide weekly, monthly, and quarterly reports; send semi‑monthly Retirement Plan payroll funding amounts and any corrections.
Enterprise Software Solutions – support vendor integrations with Workday.
Talent Development – partner to organize and schedule educational events (e.g., Retirement Readiness Seminar).
External and Vendor Relationships
Fidelity (recordkeeper) – partner to ensure proper Plan administration, troubleshoot issues, coordinate educational campaigns, and maintain compliance.
Alight (Retiree Health Care Exchange and HRA administrator) – ensure smooth transition for retirees into Medicare/private healthcare marketplace and proper administration and funding of the Health Reimbursement Account.
UnifyHR (Retiree Medical Billing) – troubleshoot medical payment issues for retirees.
Frameworks (Retiree plaque provider) – coordinate plaque preparation.
Qualifications Required Education Associate’s degree.
Desired Education Bachelor’s degree.
Required Relevant Experience 2 years.
Desired Relevant Experience 2 years.
Required Knowledge, Abilities, Skills
Interpret financial data and apply it to benefit plan policies; conduct retirement and benefits-related calculations and analysis.
Proficiency in MS Office with advanced skills in Excel.
Interest in obtaining and maintaining Life, Accident and Health or Sickness, Medicare Supplement Long‑Term Care, and Personal Lines insurance licenses.
Effective verbal communication; fluent in English.
Experience with Workday as the HCM provider.
Desired Knowledge, Abilities, Skills
Certified Financial Planner (CFP®) designation.
Qualified 401(k) Administrator (QKA®) designation.
Special Position Requirements and Job Environment Hybrid: in‑office and work‑from‑home schedule. At the office, physical proximity to other employees; some background noise from copy machines and telephone. Work‑from‑home requires a quiet, private, and professional environment.
Sitting for prolonged periods.
Carrying up to 15 lbs.
Lifting up to 15 lbs.
Push/Pull up to 15 lbs.
Telephone use for prolonged periods.
Computer use for prolonged periods.
SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.
#J-18808-Ljbffr