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401k Plan Administrator

Pacific Life


Location:
Newport Beach, CA
Date:
03/15/2017
Job Code:
800BR
Categories:
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Job Details

WHERE YOUR POTENTIAL MEETS OUR PURPOSE:

At Pacific Life, you are given the opportunities and challenges to embrace your potential and achieve your personal best, every day. What you find here is something special – it’s purposeful work done with a shared set of values that brings us all together.

ABOUT US:

Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed. Headquartered in Newport Beach, CA, Pacific Life is a Fortune 500 company with approximately 2800 employees. We pride ourselves in providing a work environment that is challenging, inclusive, collaborative and results-oriented. We firmly believe each employee plays a part in our continued growth and success

POSITION SUMMARY:

401k Plan Administrator is responsible for a wide variety of complex activities involving the management of retirement benefit plans and programs. Provides subject matter expertise on plan administration, compliance, and vendor management for qualified and non-qualified retirement and retiree medical programs. This position will also conduct research and data analysis regarding various aspects of the plans, identify and develop process improvements, and implement programs accordingly. The successful candidate should have the ability to multi-task assignments, projects and daily responsibilities with accuracy and high level of comfort working with all levels of employees. He/she should also possess strong analytical and both written & verbal communication skills

Responsibilities:
-Responsible for the day-to-day administration and operation of the domestic retirement plans and global pension scheme, including contribution/funding reconciliation, distributions, QDRO processing,. Provide analysis, and implement 401(k)/Non-Qualified Plan changes


-Monitor and ensure the legal compliance of the plans, by working with providers, internal and external legal counsel
-Manage the 401(k) and Pension Plan annual audit, 5500 process and compliance testing (Non-Discrimination); apply legislative changes affecting the retirement programs.
-Manage the relationships between company, employee, trustee and vendor, as applicable, regarding the retirement plans, plan systems, pension calculations and service valuation; coordinate and assist vendor/trustee with payments for employees as part of retirement process and/or termination process
-Responsible for providing financial metrics and cost analysis of the retirement plans; collect, verify and provide retirement data to for internal audits; collaborate with accounting and financial reporting to ensure appropriate measurement and reporting of plan assets, liabilities, and funding levels
- Prepare educational communications regarding the retirement plans, opportunities and eligibility criteria as needed for company 401(k), retiree medical plans, and Executive retirement plans

-Prepare communications and materials necessary to address recommended changes and key issues to the Retirement Plan Committee; interpret and explain policies, procedures, and relevant law to current, terminated and retired employees

FACTORS FOR SUCCESS:
•Bachelor’s degree or equivalent work experience
•5-7 years of Defined Benefit and Defined Contribution Plan administration experience

Knowledge of federal and state benefit and tax legislation required
Comprehensive understanding of benefits administration for Executive Retirement Plans
•Strong knowledge of benefit laws and regulations, including ERISA, HIPAA, FMLA, COBRA and ACA
•Customer-centric, organized and detail-oriented with strong MS Office Excel skills

•Global pension scheme experience preferred
•Certified Employee Benefit Specialist (CEBS) certification or classes in retirement plans preferred
•Understanding of Workday and Principal administration portal desired




#LI-DG1


Join the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company

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