Description
Position Overview
We are seeking an experienced Manager of Retirement Benefits to oversee the administration, compliance, and communication of our Defined Contribution (DC) and Defined Benefit (DB) retirement plans. This role is essential for ensuring the smooth operation of our retirement programs across a large, decentralized workforce. You will collaborate with internal teams and external vendors to deliver outstanding participant experience. Reporting to the Senior Manager, Benefits, you will play a key role in maintaining regulatory compliance and enhancing employee engagement.
Qualified candidates for this role will have at least 3 years of progressive experience in benefits working with retirement programs, coordinating with benefits vendors, and a bachelor's or higher degree. Prior experience leading others is strongly preferred.
While we prefer this role to be based at our corporate office in Reading, PA, alongside our Total Rewards leadership team. However, we are open to considering highly qualified candidates from other locations.
Key Responsibilities
• Plan Administration: Assist in managing DC and DB retirement plans, ensuring compliance with ERISA, IRS, and DOL regulations.
• Vendor Coordination: Work with external service providers, including recordkeepers, actuaries, and consultants, to ensure accurate plan processing and participant record maintenance.
• Compliance Support: Facilitate plan audits and compliance reviews, preparing necessary documentation and addressing inquiries.
• Employee Engagement: Develop and execute participant communications and education programs to enhance retirement readiness and plan participation.
• Performance Monitoring: Track plan performance metrics and assist in reporting to senior leadership and benefits committees.
• Process Improvement: Identify opportunities for process enhancements and support related projects.
• Guidance and Support: Provide day-to-day assistance and troubleshooting for employees and internal stakeholders regarding retirement plan inquiries.
• Documentation Management: Maintain accurate plan documentation, policies, and procedures.
• Team Development: Mentor and develop a team of benefits professionals supporting retirement plans.
• Other Projects: As assigned by Supervisor.
Qualifications:
• Bachelor's degree in Business, Finance, Human Resources, or related field.
• 3-5 years of experience working with retirement plans (DC and/or DB) administration or benefits management.
• Previous experience leading others, optimally a team of direct reports, is highly preferred.
• Knowledge of retirement plan regulatory requirements and compliance standards.
• Experience working with external vendors and service providers.
• Strong organizational, analytical, and communication skills.
• Ability to work independently and collaboratively in a decentralized environment.
• Proficiency with benefits technology platforms and reporting tools is preferred.
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening required.
Physical Requirements:
• The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
• The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Penske is an Equal Opportunity Employer
About Penske Truck Leasing/Transportation Solutions
Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.
Job Category: Human Resources
Job Function: Benefits
Job Family: Human Resources
Address: 100 Gundy Drive
Primary Location: US-PA-Reading
Employer: Penske Truck Leasing Co., L.P.
Req ID: 2508013
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