Retirement Plan Manager

Ace Hardware hiring for Retirement Plan Manager jobs in Oak Brook, IL, US

About This Role

The Retirement Plan Manager Provide day-to-day oversight of the operations and communications for a 401K Plan and a Roth 401K Plan with approximately $1 Billion in assets.   This role also has responsibility for overseeing the Multiple Employer Plan for Ace Hardware Corporation’s retail owners and their employees, including serving as the primary Company representative to represent the Plan internally and with retailers to create awareness to the Plan and facilitate retailer input and improve communications with retailers.  Provide oversight for the Plan Manager, Trustee, Investment Managers, Investment Consultants, Trustee and Manager of the Rabbi Trust, Deferred Compensation Plan and Auditors.  Develop and execute on-going and ad hoc communication for employees and retailers.  Responsible for keeping up-to-date with trends and regulatory issues and bringing those ideas and issues to the Ace Hardware Corporation Benefits Committee with a recommendation and in a format to enable decision making.  Be the point person and lead any M&A activity for all Qualified and Non-Qualified plans up to and including conversion or terminations. Coordinating Benefit Committee meeting agendas and presenting related agenda items at Committee meetings.

What You’ll Do

• Ensure the accurate funding of payroll withholdings (before tax, after tax, catch up contributions, Roth 401K and Roth 401K catch up) and all company contributions to all plans.   Funding of all contribution types including monitoring of all subsidiary and retailer contributions. Lead the reallocation of forfeitures process.    Ensure the accurate funding and repayment of loans. Reconciliation of all contributions outlined above, loans, rollovers and forfeitures.
• Manage and coordinate the implementation of plan design changes.
• Actively manage relationships and deliverables of the Fund Manager, Trustee, Investment Managers, Investment Consultant and Auditor.  Conduct performance reviews of all relationships.   Complete RFP process and make recommendations if changes to relationships are required.  
• Stay informed of trends and regulatory issues that may impact the Plan.  Communicate same along with a recommended approach in a manner that allows for decision making by the Retirement Committee.  Evaluate and analyze the Plan to ensure it is market competitive and cost effective.  Manage internal controls and the internal and external audit process and all filings (5500 and others).
• Oversees non discrimination and other testing and provides strategic alternatives for correction of failures and presents options to improve future non discrimination test results.
• Prepare signature ready Forms 5500 and other government fillings.
• Coordinate the quarterly review process.  Set agendas that provide the Retirement Plan Committee the ability to execute their fiduciary responsibility.  Facilitate and actively participate in quarterly reviews of the Plan with the Committee. 
• Work closely with Payroll, Tax, Accounting and Human Resources to maintain all aspects of the Plan. 
• Champion effective communication strategies for employees.  Own and execute the communication process, both for on-going and special communication to employees and participating MEP employers.  Collaborate with HR as required.
• Ascertain and implement product and service offerings from Fidelity and Transamerica to enhance employees’ access to information about the Plan.

Required Skills

• BA/BS degree
• 7-10 years of experience managing defined contribution plans in a large corporate setting
• Proficient knowledge of federal, state and local regulations and compliance requirements related to retirement (such as ERISA, Fiduciary responsibilities)
• Prior knowledge of payroll, HR and financial systems a plus
• Excellent oral and written communication skills
• Excellent analytical skills
• Ability to communicate with employees at all levels with the organization
• Ability to present recommendations to upper management and the Retirement Plan Committee
• Ability to multi-task
• Understand and apply internal controls (segregation of duties)

$98400 - $123000

We live our values - W.E.L.I.G.H.T (Winning, Excellence, Love, Integrity, Gratitude, Humility, and Teamwork). Gratitude. Humility. Love. You don’t often see values like these in most corporate statements, but Ace is different. These things are important to us. They represent our commitment to the company, our employees, to Ace retailers and to the Ace brand.

In addition to providing our employees a great culture, Ace also offers competitive benefits* that address life’s necessities and perks, many of which expand and improve year after year, including:

• Incentive opportunities, based on role/grade level (rapid company growth over the past 5 years resulted in incentives being paid out at an average of 126% of your target opportunity!)
• Generous 401(k) retirement savings plan with company contributions, averaging 9.6% per year of eligible earnings over the past 5 years
• Comprehensive health coverage (medical, dental, vision and disability – up to 26 weeks short-term disability and long-term disability) & life insurance benefits for you and your dependents
• 21 days of vacation immediately available (prorated in the first year) and up to 6 paid holidays depending on the month of hire
• Company Car, phone and fuel card are provided for field-based positions
• Your career at Ace is more than just a job. It’s a chance to be part of something meaningful. We help locally-owned businesses thrive and make an impact in their communities – and we support our employees in doing the same by offering an annual Ace Cares Week, 20 hours off work per year to volunteer at an organization of your choice, opportunities to help Children’s Miracle Network Hospitals and the Ace Helpful Fund through the Ace Foundation
• Ace invests in every employee we hire, with a key focus on development and coaching. We offer on-site classes, facilitator-led courses, and a generous tuition assistance program, plus a performance management approach that goes beyond the typical annual review
• We know the work environment matters. That’s why Ace holds frequent campus events like Employee Appreciation Week, vendor demos, cookouts, and merchandise sales
• We bring them to you! Services such as mobile spas, auto maintenance, car wash and detailing, dry cleaning, dentists, eye doctors, flu shots, recycling and more!
• Employee discounts on Ace merchandise (including top brands like Weber, Traeger, Yeti, Craftsman, DeWalt and more), travel, fitness, computers and thousands more
• Birth/Adoption bonding paid time off
• Adoption cost reimbursement
• Employee Assistance Program (EAP) – access to free visits to therapists and lawyers, guidance on financial matters, elder and childcare, and assistance with tickets to entertainment events
• Identity theft protection

* Benefits are provided in compliance with applicable policies.

We want to hear from you!
When most people think of career opportunities with Ace Hardware, they often think of the helpful cashiers and sales associates at their local store. However, have you also considered the people behind the scenes who select, promote, ship and process the invoices for more than 75,000 products? Maybe you haven't, but we'd like you to. Because together we help our customers take care of their homes. Come find out why a career with the Ace Hardware Corporation is one of America's best kept secrets.

Equal Opportunity Employer
Ace Hardware Corporation and its subsidiaries are committed to a policy of promoting equal employment opportunities. The company recognizes the importance of diversity and leveraging the skills and talents of all people to the mutual advantage of each individual and the organization. The company is committed to the prevention of employment discrimination related to race, religion, color, sex (including sexual harassment), gender identity, national origin, age, marital status, disability and military or veteran status, sexual orientation or any other action covered by federal or applicable state/local laws.

The pay range for this position starts as listed in the job posting, but could be higher based on education and experience. Please note, compensation decisions are dependent on the facts and circumstances of each opening. We take into consideration the minimum requirements outlined in the job description, such as an individual’s education, training and experience, the position’s work location, required travel (if any), and external market conditions when determining the final salary for potential new hires.

Be aware that salary estimates published via alternate online job boards may not be a true representation of the actual pay range offered for this position. Please refer to the Ace position description for the accurate starting pay range information and feel free to discuss this with a Talent Acquisition professional if you are chosen to move forward with an interview.

This written “Position Description” is not intended to cover all aspects of the position listed. It is meant to cover the basic/general essential job functions of a particular position. Ace Hardware Corporation reserves the right to change job duties, including essential job functions, according to business necessity.