Defined Contribution Plans Senior Analyst

WTW

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profile Job Location:

Minneapolis, MN - USA

profile Monthly Salary: $ 65000 - 80000
Posted on: 11 hours ago
Vacancies: 1 Vacancy

Job Summary

Description

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 worlds 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



Responsibilities

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Qualifications

The 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

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors including but not limited to location of the role individual competencies education/professional certifications qualifications/experience performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $65000 to $80000 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 Identify 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.




Required Experience:

Senior IC

DescriptionOur 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 de...
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At WTW we provide data-driven, insight-led solutions in the areas of people, risk and capital.

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