Philip Morris International U.S. · 5 days ago
Retirement Plans Specialist
Philip Morris International (PMI) is transforming its business to deliver a smoke-free future. The Retirement Plans Specialist is responsible for administering retirement benefit plans, ensuring compliance with regulations, and providing guidance to employees on retirement options.
Consumer Goods
Responsibilities
Administer retirement benefit plans, including 401(k), pension, and other retirement savings programs
Provide guidance and support to employees regarding retirement plan options, enrollment, and benefits
Ensure compliance with federal, state, and local regulations related to retirement benefits
Collaborate with HR and finance teams to develop and implement retirement benefit strategies
Conduct regular audits of retirement plans to ensure accuracy and compliance
Prepare reports on retirement plan performance and employee participation
Stay updated on industry trends and changes in retirement benefits regulations
Assist in the development and delivery of retirement planning workshops and educational materials
Respond to employee inquiries and resolve issues related to retirement benefits
Reconcile 401(k) funding for the weekly, bi-weekly and Semi-monthly payrolls
Reconcile monthly Defined Benefit payments
Participate in Ad Hoc projects
Process fund changes within the designated plans
Resolve employee/retiree escalations as needed
Support Annual Audit of all Retirement plans
Assist with the Non-Qualified plan day-to-day administration
Qualification
Required
Minimum of 3-5 years of experience in retirement benefits administration or a related role
Proficiency in HRIS and benefits administration software
Strong understanding of ERISA, IRS, and DOL regulations related to retirement plans
Excellent organizational and time management skills
Ability to handle sensitive and confidential information with discretion
Preferred
Certification in retirement benefits (e.g., Certified Employee Benefits Specialist (CEBS))
Benefits
Great medical, dental and vision coverage
401k with a generous company match
Incredible wellness benefits
Commuter benefits
Pet insurance
Generous PTO