Willis Towers Watson
Defined Contribution Plans Senior Analyst
Willis Towers Watson, Raleigh, North Carolina, United States
Our Retirement team combines expertise in retirement, actuarial, compliance and administration consulting to support global organizations worldwide in designing, managing, administering, and communicating all types of retirement plans. Whether a client has a defined benefit pension, and/or a defined contribution plan, we collaborate with the organization to determine the right approach to design, funding, investing, governing, compliance, administration and employee engagement that fits their specific goals.
You will contribute to our national project delivery team and make a valuable difference every day to our high-profile client organizations focusing primarily on defined contribution plans. One of the fastest growing areas of our retirement business is assisting clients with various special projects requiring defined contribution expertise. You will have the opportunity to significantly enhance your knowledge of all aspects of benefit plan compliance, design and operation, employ the most cutting-edge tools and resources and work with some of the world’s experts in retirement plan design and management and interact with a national group of colleagues on project delivery.
Defined Contribution Plans Senior Analyst As a colleague focused on projects related to Defined Contribution Plans, you will:
Be a technical resource to clients and client teams for areas related to DC retirement plan compliance, vendor management, fiduciary management, plan design, and cost forecasting
Respond to queries from consultants and clients with respect to plan provisions and resolve/escalate any problems or issues
Draft plan amendments and summary plan descriptions, and review employee communications
Assist with compliance corrections
Support fee benchmarking and vendor search RFPs
Provide support for implementations due to plan design changes, provider changes or merger and acquisitions
Support non-discrimination testing
Support plan design benchmarking and plan design change cost analysis
Support on-going client retainer relationships
Support plan compliance reviews and remediation efforts as needed
Build relationships internally and collaborate effectively on cross-functional teams
Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Deliver work in accordance to project deadlines
Deliver on projects to meet or exceed client expectations
Increase efficiency within client teams by identifying ways to improve processes
Requirements
Undergraduate degree required; Certification (ASPPA, CEBS) or other designations for practical experience is a plus but not required
10+ years in defined contribution plans, including vendor management, plan design, compliance and administration gained in a human resources consulting, benefits outsourcing, investment advisory, recordkeeper, or defined contribution asset management company
401(k) and/or 403(b) plan experience, is necessary along with knowledge of IRC, ERISA and other relevant laws and regulations affecting employee benefit plans
Proven experience successfully working on multiple projects and producing quality deliverables on time
Operations experience supporting and coordinating large groups and initiatives
Work experience that demonstrates strong technical, and/or client service and leadership skills
Passion for solving problems and sharing solutions to exceed the standards of the client
Ability to be a self-starter and work independently and remotely, but also cooperatively in a close team environment
Ability to prioritize and have good attention to detail
Excellent oral and written communication skills
Excellent Microsoft Excel and PowerPoint skills
Ability to collaborate with remote teams and travel as needed
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Compensation And Benefits Compensation The base salary compensation range being offered for this role is $65,000 to $80,000 USD per year.
The role is also eligible for an annual short-term incentive bonus.
Company Benefits WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare Benefits:
Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identity Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits:
Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
Retirement Benefits:
Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
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You will contribute to our national project delivery team and make a valuable difference every day to our high-profile client organizations focusing primarily on defined contribution plans. One of the fastest growing areas of our retirement business is assisting clients with various special projects requiring defined contribution expertise. You will have the opportunity to significantly enhance your knowledge of all aspects of benefit plan compliance, design and operation, employ the most cutting-edge tools and resources and work with some of the world’s experts in retirement plan design and management and interact with a national group of colleagues on project delivery.
Defined Contribution Plans Senior Analyst As a colleague focused on projects related to Defined Contribution Plans, you will:
Be a technical resource to clients and client teams for areas related to DC retirement plan compliance, vendor management, fiduciary management, plan design, and cost forecasting
Respond to queries from consultants and clients with respect to plan provisions and resolve/escalate any problems or issues
Draft plan amendments and summary plan descriptions, and review employee communications
Assist with compliance corrections
Support fee benchmarking and vendor search RFPs
Provide support for implementations due to plan design changes, provider changes or merger and acquisitions
Support non-discrimination testing
Support plan design benchmarking and plan design change cost analysis
Support on-going client retainer relationships
Support plan compliance reviews and remediation efforts as needed
Build relationships internally and collaborate effectively on cross-functional teams
Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Deliver work in accordance to project deadlines
Deliver on projects to meet or exceed client expectations
Increase efficiency within client teams by identifying ways to improve processes
Requirements
Undergraduate degree required; Certification (ASPPA, CEBS) or other designations for practical experience is a plus but not required
10+ years in defined contribution plans, including vendor management, plan design, compliance and administration gained in a human resources consulting, benefits outsourcing, investment advisory, recordkeeper, or defined contribution asset management company
401(k) and/or 403(b) plan experience, is necessary along with knowledge of IRC, ERISA and other relevant laws and regulations affecting employee benefit plans
Proven experience successfully working on multiple projects and producing quality deliverables on time
Operations experience supporting and coordinating large groups and initiatives
Work experience that demonstrates strong technical, and/or client service and leadership skills
Passion for solving problems and sharing solutions to exceed the standards of the client
Ability to be a self-starter and work independently and remotely, but also cooperatively in a close team environment
Ability to prioritize and have good attention to detail
Excellent oral and written communication skills
Excellent Microsoft Excel and PowerPoint skills
Ability to collaborate with remote teams and travel as needed
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Compensation And Benefits Compensation The base salary compensation range being offered for this role is $65,000 to $80,000 USD per year.
The role is also eligible for an annual short-term incentive bonus.
Company Benefits WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare Benefits:
Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identity Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits:
Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
Retirement Benefits:
Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
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