HCEW Management Services, LLC seeks an individual to assist in the administration of the Employees’ Profit-Sharing Plan. The ideal candidate will have interpersonal skills, as well as strong verbal and written communication skills. The position will require candidates to keep confidentiality of all sensitive employee and company information.
• Develop ability to interpret and administer provisions of the Plan according to the Summary Plan Description and the governing Plan document.
• Improve and/or develop administrative policies and procedures.
• Participate in resolving and clarifying inconsistencies, ambiguities, and omissions in the Plan and other related documents.
• Maintain accurate records pertaining to Plan service requirements, eligibility, reemployment, qualification for benefits, and accrual of benefits as defined by the Plan.
• Maintain accurate records pertaining to participant vesting, forfeitures, and breaks in service.
• Determine benefit restorations for participants returning from active/reserve duty.
• Interact with participants and factory Human Resources representatives to answer and/or resolve profit-sharing related questions and issues.
• Administer and review participant requests for profit-sharing distributions as defined by the Plan.
• Collect and maintain participant beneficiary records.
• Coordinate issuance and receipt of all necessary profit-sharing forms/letters of communication to retirees.
• Review Domestic Relations Orders to determine ERISA compliance.
• Prepare quarterly accrual for service provider fees.
• Assist in calculation of quarterly profit-sharing allocations and annual contributions.
• Support the annual profit-sharing audit process and IRS 5500 filing.
