Manager, Financial Benefits - Retirement

• Sep 2022 - Present

Assistant Manager, Benefits

• Jan 2022 - Jul 2022

• Assists in the day-to-day management of the 401(k) plan and pension plan by providing guidance and support in the administration of the group insurance program for MIC. • Conducts periodic analysis and review for the Pension plan such as, defined benefit plan funding, valuations, financials, disclosures, benefit calculations, maintain necessary plan documents and coordinates quarterly pension plan funding requirements and annual Pension Benefit Guarantee Corporation (PBGC) payments. •… Show more • Assists in the day-to-day management of the 401(k) plan and pension plan by providing guidance and support in the administration of the group insurance program for MIC. • Conducts periodic analysis and review for the Pension plan such as, defined benefit plan funding, valuations, financials, disclosures, benefit calculations, maintain necessary plan documents and coordinates quarterly pension plan funding requirements and annual Pension Benefit Guarantee Corporation (PBGC) payments. • Maintains knowledge and awareness of employee benefit compliance requirements for all plans within the controlled group by ensuring employee benefit plans are executed in compliance with plan policies and regulatory guidelines (i.e., ERISA, IRS, DOL, ACA, HIPAA, FMLA, ADA). • Responsible for the coordination of the annual 401(k) and pension plans audit, which includes gathering all required data and information requested by the auditors and providing explanation if inquired. • Supervises the team on annual Open Enrollment (active, retiree and COBRA) for benefits systems, including review and edit of communications, coordination of calendar and meeting activities. Validation of benefit plan set-up in benefit systems and assist with employee election processes. • Assists General Manager in preparation of data required for regulatory tests and plan filings such as 5500 forms for retirement plans and health/welfare plans, Medicare RDS filings, MEWA filings and control group testing. • Works in concert with Benefits Administrator to ensure contribution funding processes are completed timely and accurately. Including the preparation and/or reconciliation of semi-monthly and monthly funding of benefit plans (401(k) plan contributions, match and loan repayments; flexible spending accounts; health care savings accounts and commuter reimbursement accounts; and voluntary benefits). • Oversees the monitoring and validating data/integrity on both inbound and outbound files to/from vendors. Show less • Assists in the day-to-day management of the 401(k) plan and pension plan by providing guidance and support in the administration of the group insurance program for MIC. • Conducts periodic analysis and review for the Pension plan such as, defined benefit plan funding, valuations, financials, disclosures, benefit calculations, maintain necessary plan documents and coordinates quarterly pension plan funding requirements and annual Pension Benefit Guarantee Corporation (PBGC) payments. •… Show more • Assists in the day-to-day management of the 401(k) plan and pension plan by providing guidance and support in the administration of the group insurance program for MIC. • Conducts periodic analysis and review for the Pension plan such as, defined benefit plan funding, valuations, financials, disclosures, benefit calculations, maintain necessary plan documents and coordinates quarterly pension plan funding requirements and annual Pension Benefit Guarantee Corporation (PBGC) payments. • Maintains knowledge and awareness of employee benefit compliance requirements for all plans within the controlled group by ensuring employee benefit plans are executed in compliance with plan policies and regulatory guidelines (i.e., ERISA, IRS, DOL, ACA, HIPAA, FMLA, ADA). • Responsible for the coordination of the annual 401(k) and pension plans audit, which includes gathering all required data and information requested by the auditors and providing explanation if inquired. • Supervises the team on annual Open Enrollment (active, retiree and COBRA) for benefits systems, including review and edit of communications, coordination of calendar and meeting activities. Validation of benefit plan set-up in benefit systems and assist with employee election processes. • Assists General Manager in preparation of data required for regulatory tests and plan filings such as 5500 forms for retirement plans and health/welfare plans, Medicare RDS filings, MEWA filings and control group testing. • Works in concert with Benefits Administrator to ensure contribution funding processes are completed timely and accurately. Including the preparation and/or reconciliation of semi-monthly and monthly funding of benefit plans (401(k) plan contributions, match and loan repayments; flexible spending accounts; health care savings accounts and commuter reimbursement accounts; and voluntary benefits). • Oversees the monitoring and validating data/integrity on both inbound and outbound files to/from vendors. Show less

Benefits Analyst

• Apr 2020 - Jan 2022

Senior Plan Consultant

• Jan 2020 - Dec 2020

Retirement/Benefits Analyst

• Jul 2019 - Apr 2020

• Oversee the hospital's 403b plan, Defined Benefit Pension Plan and 457b plan in regard to IRS/DOL regulations. • Act as a liaison between the 9,000 employees of the hospital and the retirement account vendors regarding their retirement plan needs and issues. • Provide one on one consulting for employees regarding the retirement plans that are available to them and their plan provisions. • Calculate pension payments for participants of the Defined Benefit Pension Plan by using… Show more • Oversee the hospital's 403b plan, Defined Benefit Pension Plan and 457b plan in regard to IRS/DOL regulations. • Act as a liaison between the 9,000 employees of the hospital and the retirement account vendors regarding their retirement plan needs and issues. • Provide one on one consulting for employees regarding the retirement plans that are available to them and their plan provisions. • Calculate pension payments for participants of the Defined Benefit Pension Plan by using software created by the actuarial consultants. • Prepare pension retirement kits for participants of the Defined Benefit Pension Plan who would like to commence retirement. • Audit the 403b employer contributions calculated by the third party administrator and confirm the calculations and all the participant's eligibility is computed correctly. • Reconcile 403b employee contributions per payroll period to determine if there are any discrepancies between the total amounts listed on payroll versus what is received on the 403b investment vendor's end. Correct the discrepancies if any found. • Assist the health benefits team with large projects such as open enrollment period for health insurance. • Administer the hospital's Tuition Reimbursement program. Show less • Oversee the hospital's 403b plan, Defined Benefit Pension Plan and 457b plan in regard to IRS/DOL regulations. • Act as a liaison between the 9,000 employees of the hospital and the retirement account vendors regarding their retirement plan needs and issues. • Provide one on one consulting for employees regarding the retirement plans that are available to them and their plan provisions. • Calculate pension payments for participants of the Defined Benefit Pension Plan by using… Show more • Oversee the hospital's 403b plan, Defined Benefit Pension Plan and 457b plan in regard to IRS/DOL regulations. • Act as a liaison between the 9,000 employees of the hospital and the retirement account vendors regarding their retirement plan needs and issues. • Provide one on one consulting for employees regarding the retirement plans that are available to them and their plan provisions. • Calculate pension payments for participants of the Defined Benefit Pension Plan by using software created by the actuarial consultants. • Prepare pension retirement kits for participants of the Defined Benefit Pension Plan who would like to commence retirement. • Audit the 403b employer contributions calculated by the third party administrator and confirm the calculations and all the participant's eligibility is computed correctly. • Reconcile 403b employee contributions per payroll period to determine if there are any discrepancies between the total amounts listed on payroll versus what is received on the 403b investment vendor's end. Correct the discrepancies if any found. • Assist the health benefits team with large projects such as open enrollment period for health insurance. • Administer the hospital's Tuition Reimbursement program. Show less

Pension Plan Consultant

• Apr 2013 - Jul 2019

• Handle over 75 defined contribution, traditional defined benefit plans & cash balance plans, including compliance testing (ADP/ACP, 401(a)(4), calculation of contributions, preparation of annual valuation reports using ASC software, reconciliation of pension plan assets & filing of IRS Forms (5500 tax forms, Schedule B Forms, 1099-R, 5330 forms). Clientele ranges from two person shops to over one hundred live plans and up to 1000 lives. • Tend to client’s needs on a daily basis with loan… Show more • Handle over 75 defined contribution, traditional defined benefit plans & cash balance plans, including compliance testing (ADP/ACP, 401(a)(4), calculation of contributions, preparation of annual valuation reports using ASC software, reconciliation of pension plan assets & filing of IRS Forms (5500 tax forms, Schedule B Forms, 1099-R, 5330 forms). Clientele ranges from two person shops to over one hundred live plans and up to 1000 lives. • Tend to client’s needs on a daily basis with loan calculations/approvals, distribution requests, response to DOL & IRS inquiries, amendments to plan documents and other questions relevant to their pension plans. • Work with the ERISA Attorneys on IRS & DOL audits regarding the chosen pension plan and be available during the audit to be able to answer the Auditor’s questions. • Design pension plan proposals for potential clients including maximization of owners or key employee allocations and minimizing the staff cost to the rank and file. Successfully brought in new clients/business. • Attend annual meetings/seminars with clients, financial advisors, CPA’s and other referral sources to promote plan additions/new plans and to maintain relationships. • Train new hires on defined contribution plans and the usage of the ASC software. • Currently being trained in GASB including data manipulation and completion of reports. Show less • Handle over 75 defined contribution, traditional defined benefit plans & cash balance plans, including compliance testing (ADP/ACP, 401(a)(4), calculation of contributions, preparation of annual valuation reports using ASC software, reconciliation of pension plan assets & filing of IRS Forms (5500 tax forms, Schedule B Forms, 1099-R, 5330 forms). Clientele ranges from two person shops to over one hundred live plans and up to 1000 lives. • Tend to client’s needs on a daily basis with loan… Show more • Handle over 75 defined contribution, traditional defined benefit plans & cash balance plans, including compliance testing (ADP/ACP, 401(a)(4), calculation of contributions, preparation of annual valuation reports using ASC software, reconciliation of pension plan assets & filing of IRS Forms (5500 tax forms, Schedule B Forms, 1099-R, 5330 forms). Clientele ranges from two person shops to over one hundred live plans and up to 1000 lives. • Tend to client’s needs on a daily basis with loan calculations/approvals, distribution requests, response to DOL & IRS inquiries, amendments to plan documents and other questions relevant to their pension plans. • Work with the ERISA Attorneys on IRS & DOL audits regarding the chosen pension plan and be available during the audit to be able to answer the Auditor’s questions. • Design pension plan proposals for potential clients including maximization of owners or key employee allocations and minimizing the staff cost to the rank and file. Successfully brought in new clients/business. • Attend annual meetings/seminars with clients, financial advisors, CPA’s and other referral sources to promote plan additions/new plans and to maintain relationships. • Train new hires on defined contribution plans and the usage of the ASC software. • Currently being trained in GASB including data manipulation and completion of reports. Show less

Pension Analyst

• Jul 2012 - Apr 2013

• Assist President in designing Defined Benefit, Defined Contribution, Safe Harbor 401(k), and new Comparability, Profit Sharing Plans. • Present redesigned pension plans to potential/current clients by formulating side-by-side analysis of cross-tested plans. • Systemize data extracted from client’s payroll statements into Excel and Ftwilliam to analyze by performing non-discrimination testing and benefit calculations. • Reconciliation of client’s pension assets to year end payroll… Show more • Assist President in designing Defined Benefit, Defined Contribution, Safe Harbor 401(k), and new Comparability, Profit Sharing Plans. • Present redesigned pension plans to potential/current clients by formulating side-by-side analysis of cross-tested plans. • Systemize data extracted from client’s payroll statements into Excel and Ftwilliam to analyze by performing non-discrimination testing and benefit calculations. • Reconciliation of client’s pension assets to year end payroll statements. • Formulate summary annual reports for each client’s designated pension plan. • Prepare IRS Forms 5500 & 5558, Schedule B Forms. • Knowledge ERISA rules and regulations.Review details of newly created Pension Plans and confirm all analytical formulas, data and statements are correct. Show less • Assist President in designing Defined Benefit, Defined Contribution, Safe Harbor 401(k), and new Comparability, Profit Sharing Plans. • Present redesigned pension plans to potential/current clients by formulating side-by-side analysis of cross-tested plans. • Systemize data extracted from client’s payroll statements into Excel and Ftwilliam to analyze by performing non-discrimination testing and benefit calculations. • Reconciliation of client’s pension assets to year end payroll… Show more • Assist President in designing Defined Benefit, Defined Contribution, Safe Harbor 401(k), and new Comparability, Profit Sharing Plans. • Present redesigned pension plans to potential/current clients by formulating side-by-side analysis of cross-tested plans. • Systemize data extracted from client’s payroll statements into Excel and Ftwilliam to analyze by performing non-discrimination testing and benefit calculations. • Reconciliation of client’s pension assets to year end payroll statements. • Formulate summary annual reports for each client’s designated pension plan. • Prepare IRS Forms 5500 & 5558, Schedule B Forms. • Knowledge ERISA rules and regulations.Review details of newly created Pension Plans and confirm all analytical formulas, data and statements are correct. Show less

Assistant

• Jul 2008 - May 2012

• Managed the Director’s daily activities, such as scheduling of meetings, travel arrangements, organization of multiple projects, handling the phones, and other day-to-day office activities. • Supervised other student assistants and facilitated group projects. • Maintained and reviewed confidential appointments and harassment /discrimination complaint files. • Compiled and organized confidential data into Microsoft Excel Files. • Well-rehearsed in the knowledge of EEOC, NYS… Show more • Managed the Director’s daily activities, such as scheduling of meetings, travel arrangements, organization of multiple projects, handling the phones, and other day-to-day office activities. • Supervised other student assistants and facilitated group projects. • Maintained and reviewed confidential appointments and harassment /discrimination complaint files. • Compiled and organized confidential data into Microsoft Excel Files. • Well-rehearsed in the knowledge of EEOC, NYS and Federal discrimination, sexual harassment and recruiting policies. • Conducted analysis of data through different charts and pivot tables. • Design PowerPoint presentations for training events/classes for the Director. • Obtained graphic design experience, including creating brochures, postcards, flyers and pamphlets. Show less • Managed the Director’s daily activities, such as scheduling of meetings, travel arrangements, organization of multiple projects, handling the phones, and other day-to-day office activities. • Supervised other student assistants and facilitated group projects. • Maintained and reviewed confidential appointments and harassment /discrimination complaint files. • Compiled and organized confidential data into Microsoft Excel Files. • Well-rehearsed in the knowledge of EEOC, NYS… Show more • Managed the Director’s daily activities, such as scheduling of meetings, travel arrangements, organization of multiple projects, handling the phones, and other day-to-day office activities. • Supervised other student assistants and facilitated group projects. • Maintained and reviewed confidential appointments and harassment /discrimination complaint files. • Compiled and organized confidential data into Microsoft Excel Files. • Well-rehearsed in the knowledge of EEOC, NYS and Federal discrimination, sexual harassment and recruiting policies. • Conducted analysis of data through different charts and pivot tables. • Design PowerPoint presentations for training events/classes for the Director. • Obtained graphic design experience, including creating brochures, postcards, flyers and pamphlets. Show less

Sales Intern

• Jun 2009 - Aug 2009

• Promoted $10,000 sponsorships to European financial firms for Opal Group’s financial conferences. • Succeeded in helping the Sales Director register a large financial firm. • Conversed with and researched more than 100 European financial firms each day. • Promoted $10,000 sponsorships to European financial firms for Opal Group’s financial conferences. • Succeeded in helping the Sales Director register a large financial firm. • Conversed with and researched more than 100 European financial firms each day.

Volunteer

• Sep 2004 - Jun 2007