Retirement Operations Specialist
2 weeks ago
About the Role
We are seeking a skilled Retirement Operations Specialist to join our team at Genpact. This role will be responsible for ensuring the accurate and timely administration of retirement plans, including contribution records, participant enrollment processes, and compliance with regulatory requirements.
Key Responsibilities
- Maintain accurate contribution records for retirement participants, ensuring compliance with regulatory requirements and plan guidelines.
- Assist plan sponsors with the administration of their retirement plans, including tasks such as contribution calculation, non-standard trading, and record-keeping functions.
- Evaluate investment options and provide support in implementing changes.
- Conduct regular compliance reviews to ensure adherence to plan documents, IRS regulations, and other applicable laws.
- Communicate with plan sponsors, participants, and stakeholders to address inquiries, resolve issues, and provide updates as needed.
Requirements
- Bachelor's degree in commerce or equivalent field.
- Basic understanding of retirement plans and regulatory requirements.
- Strong attention to detail and accuracy in data entry and record-keeping.
- Ability to work independently and collaboratively as part of a team.
Preferred Qualifications
- Proficiency in retirement plan record-keeping systems and Microsoft Office applications.
- Strong understanding of retirement plans, IRS regulations, and ERISA requirements.
- Microsoft Office proficiency, especially Excel.
- Quality Lean/Process Improvement knowledge.
Compensation and Benefits
The estimated salary for this role is $65,000 - $85,000 per year, depending on location and experience. We offer a range of benefits, including health insurance, retirement savings plan, and paid time off.
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