The Analyst, Retirement Programs must provide continuous improvement for all aspects of retirement benefits administration in collaboration with management. Focusing on 401(k), 457(b), 403(b) (frozen), and a frozen defined benefit plan, the position holder provides leadership for monitoring program compliance, ensuring data accuracy, timely transactions, and for the ongoing analysis of financial and utilization metrics.

**PLEASE NOTE** This position is virtual. The selected individual can work from anywhere within the U.S.A.

Responsibilities:

• Build and maintain a comprehensive set of metrics demonstrating the level of employee engagement, diversification, and retirement readiness. Monitor and analyze financial reports and utilization measures of retirement plan performance; identify areas of opportunity and describe significant budget variances.
• Prepare or revise required regulatory notices such as the Summary Annual Report, Annual Funding Notice, Annual Fee Disclosure, Qualified Default Investment Alternative Notice, etc. and ensures accurate and timely communication to plan participants. Ensures accurate and timely submission of Forms 5500 and other matters as appropriate.
• Assess and ensure procedures, processing, and vendor requirement documents are up to date and in compliance with government regulations and plan provisions. Due to changes in federal, state, or local regulations, recommend changes and implement as needed.
• Address escalated participant/retiree complaints and appeals, research benefit entitlements on various databases or with Iron Mountain, manage outsourced relationships including testing and troubleshooting vendor applications.
• Maintains integrity of plan participant data to ensure retirement plan information is accurate and administered in accordance with plan provisions and government regulations.
• Provide SOC-1 analysis and support for annual plan audits, plan document/summary plan document review and preparation, report generation, and work with the Investment group to coordinate fund manager, trustee or benefit payment activities.
• Reviews (audits) defined benefit calculations, and payments with vendor for accuracy and timeliness. This also includes special computations (QDROs), death benefit processing, eligibility and vesting, Rule of 60 grandfathering, and payment sources.
• Assists with Pension Benefit Guaranty Corporation (PBGC) premium payments and coordinates filing and payment to IRS.
• Provide support for the annual Defined Benefit valuation reports – both funding and expense.  Test data, resolve complex issues and work effectively with both the administrator and the actuary.
• Organization and upkeep of electronic files for department use.
• Responsible for daily demographic and compensation/contribution/hours data feeds and feed-back files to/from vendors.
• Other duties as assigned within the Total Rewards department, including special project management.

Qualifications:

• Education: Bachelor's degree required.
• Experience: Minimum 1 year of related experience or equivalent combination of education and related experience required.
• Skills & Abilities: Knowledge of applicable principles, concepts, practices, and standards.  Good interpersonal, verbal, and written communication skills.  Basic proficiency in use of Personal Computer, word-processing, spreadsheet applications, and database applications.  Ability to work on a team.
• Travel: May travel and participate in meetings and conferences throughout chapter jurisdiction, state and Red Cross system.

For those candidates located in Colorado and Connecticut, the salary range for this position is: $50,000 - $60,000

Note that the American Red Cross sets salary ranges aligned to a specific geographic location in which the job or employee resides. The stated salary range in this posting is an average and may not be reflective of your individual circumstances.  We will review specific salary information at the time of phone screening based upon your location.

The American Red Cross is a diverse nonprofit organization that creates a culture of collaboration and team spirit.  We offer our employee’s a competitive salary, wide range of generous benefits including health, dental, vision, life and disability insurance; flexible spending accounts; 401K retirement plan with match; paid time off, holidays and floating holidays.  Also, we encourage professional development and provide growth opportunities.   To be considered for this position, please visit www.redcross.org/jobs to apply.

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Apply now!  Joining our team will provide you with the opportunity to make a difference every day.

The American Red Cross is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

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Interested in Volunteering?

Life’s emergencies don’t stop, and neither do American Red Cross volunteers, who represent more than 90 percent of our workforce to help prevent and alleviate human suffering. You can make a difference by volunteering in a position that appeals to you and allows you to use your unique skills and talents. The Red Cross relies on generous volunteers who give their time and talent to help fulfill our lifesaving mission.

Visit redcross.org/volunteertoday to learn more, including our most-needed volunteer positions.

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