Stock Plan Administrator jobs in Lakeville, MN

Overview

Rosen’s Diversified, Inc. (RDI) is a holding company of vertically integrated business units including American Foods Group, LLC; the fifth largest group of beef processing companies, a pork processing plant, a logistics division, a fleet of trucks to support those operations, an agricultural chemical company, and a supplier of critical components to the bio-research and biomedical fields. We maintain extensive domestic operations, small international operations, and global product sales.

JOB SUMMARY

The Senior Retirement Plan Administrator serves as the primary resource to a diverse employee population for information and education about the Company’s retirement plans while fostering a positive customer service environment. Specifically, the administrator will be primarily responsible for the administration of the Company’s various ERISA qualified and non-qualified retirement plans. In partnership with Company executives, this position will assist with the creation, implementation, day-to-day administration and legal compliance of the Company’s various retirement offerings and products which provide benefits to employees across multiple, diverse subsidiary companies.

As our Senior Retirement Plan Administrator you will:

• Specifically responsible for 401(k) (Union and Non-Union), Senior Management Nonqualified Deferred Compensation Plan, Senior Management Death Benefit Plan, and Executive Voluntary Deferral Plan (hereafter together referred to as “Retirement Plans”); support as a subject matter expert to the Company committee(s) overseeing the Plans and participating employees, including rollover issues, beneficiary designations, early distributions, required minimum distributions, death notifications, etc.
• Conduct or contribute to 401(k) plan(s) administration and compliance functions including, but not limited to, eligibility notifications, death notifications, and HCE determinations and notices.
• Prepare or participate in Executive Voluntary Deferral Compensation monthly billings, distribution requests for deceased beneficiaries, retiree(s) payments, and new participant packets.
• Partner with internal departments such as Tax and Payroll to provide, as needed, information and data for internal and external reporting.
• Interface with and participate in scheduled meetings with appropriate plan vendors and providers to ensure adherence to plan provisions, provide feedback on services, initiate, and follow up on necessary administrative or procedural changes, and employee communications.
• Initiate and manage projects: RFPs, plan design changes, fund changes, match analysis, etc.
• Draft, review and/or deliver service agreements in compliance with all requirements, including delivery of required disclosures.
• Participate in M&A due diligence and review of 401(k) impact resulting from purchase or sale.
• Assist with complex plan issues including corrections, legal concerns, union discussions, etc.
• Ensure the Retirement Plans are always updated and legally compliant.
• NOTE: this description is not intended to be all-inclusive. An employee may perform other related duties to meet the ongoing needs of the organization; these duties are considered marginal.

Qualifications

KNOWLEDGE, SKILLS, AND EXPERIENCE

• Bachelor’s degree in related field (Finance, Accounting).
• 7 years of experience in retirement plan(s) design and administration of Retirement Plans.
• Experience working with multiple functions including HR, Finance, Accounting, Tax, Payroll and Legal departments.
• Strong knowledge of defined contribution and defined benefit plans as well as recordkeepers and other vendors.
• 401(k) administration experience with “safe-harbor” plan.
• Partnering with vendors (e.g., Principal) on files fees, match contributions, and reconciliation.
• Experience in implementing and administratively supporting ERISA qualified and non-qualified retirement plans.
• End of calendar year and fiscal year reconciliation(s) and partnership with internal departments such as Tax, Payroll and Legal.

ADDITIONAL SKILLS/EXPERIENCE/REQUIREMENTS

• Proficient with Microsoft Suite including Excel, Word, and PowerPoint. 
• Strong critical thinking skills and understanding of financial wellness/wellbeing trends Advanced Excel knowledge.
• Excellent interpersonal and collaborative skills, with a professional demeanor and the ability to interact with all levels of management, colleagues, and vendors.
• Strong problem-solving skills with the ability to deal with and resolve ambiguous, confidential, and sensitive situations and issues of a complex nature while providing flexible solutions.
• Critical thinking skills including, logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Organized, with a sense of urgency and the ability to multitask, prioritize, and manage shifting responsibilities in a dynamic, cross-functional teamwork environment.
• Ability to travel 10-15% domestically.
• All positions have an essential job function to be able to perform face-to-face work with colleagues onsite in Minneapolis, MN.

Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status. Applicants with a disability who require a reasonable accommodation for any part of the application or hiring process can contact Human Resources at the location(s) where you are applying. We participate in the E-Verify program in certain locations as required by law.