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Retirement Benefits Director - Los Angeles California
Company: Motion Picture Industry Pension & Health Plans Location: Los Angeles, California
Posted On: 05/02/2024
Thursday, April 25, 2024 Motion Picture Industry Pension & Health Plans (MPI) has an immediate opportunity for the key role ofPension & Retirement Benefits Director, a member of the Senior Leadership Team, reporting to the Chief Financial Officer, responsible for full oversight of the retirement benefits department and all pension functions. Please note, this is an onsite position at our offices in Studio City, CA. MPI requires employees to be vaccinated against Covid-19 with exceptions as required by law. Local candidates only, relocation assistance is not provided. Qualified candidates, please submit a letter of interest including compensation requirements and current resume for consideration. MPI offers free employee medical, dental, behavioral health, vision and life insurance ($50/month for family coverage), retirement and pension, and generous paid time off. The Director will manage and administer both a defined benefit (DB) pension plan and a defined contribution (DC) plan. The Director must maintain an in-depth knowledge of pension benefit processing, pension regulations, as well as Trust Fund rules and organizational policies. Responsibilities include: A successful candidate will have pension or benefit administration experience, including an ability to interpret procedures and policies in accordance with ERISA, HIPAA, DOL, IRS, Summary Plan Descriptions, and other organizational rules. - Coordinates monthly, quarterly, and annual processes, such as 1099R, and state tax reporting, retirement seminars, 5500 and SSA schedules, tax and annuity table updates in system, production of annual benefit statements, annual and quarterly allocations, etc.
- Reviews and approves various benefits processes, calculations, and disbursements, including retirements, minimum distributions, QDRO and annuity conversions, etc.
- Resolves benefit and payment issues and assists with participant counseling on complex and/or sensitive cases.
- Develops and presents retirement education materials to participants, including contributing articles to the quarterly participant newsletter.
- Directs and assists in the handling and preparing of benefit appeals to the Board of Directors.
- Supervises the work of the teams involved in benefit inquiries, application fulfillment, reconciling and producing monthly pension disbursements, weekly DC withdrawal requests, and maintenance of retirement account balances.
- Ensures delivery of excellent participant services by providing guidance, training, and development of team members.
- Performs complex benefits analysis and approves payment actions.
- Works with IT to maintain cyclical processes such as payment reconciliations, quarterly state filings, annual 1099R IRS filings, supporting reports for Form 5500 filings, and annual statements for Plan participants.
- Perform other duties as assigned. Qualifications:
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