Retirement and Financial Wellness Specialist

The University of Kansas Health System - Shawnee, KS

Full-time - Mid Level

Shawnee, KS

Hospitals

About the position

The Retirement and Financial Wellness Specialist at The University of Kansas Health System is responsible for providing professional, technical, and administrative support for the retirement and financial wellness programs. This role ensures accurate eligibility and enrollment of participants, assists with plan document preparation, and responds to employee inquiries regarding retirement benefits. The specialist also coordinates educational initiatives related to retirement and financial wellness, engages with vendors, and collaborates with communication teams to enhance employee understanding of these programs.

Responsibilities

• Prepares plan documents including notices and amendments, and manages participant communications.
• Reviews withdrawals, distributions, and loan requests from retirement plans.
• Manages inbound and outbound files with Third Party administration and reconciles contribution files from all retirement plans.
• Conducts quarterly audits of all retirement plans.
• Assists with plan design regarding participants, eligibility, matching vesting, and withdrawals.
• Ensures accurate eligibility and enrollment of all eligible participants and verifies contribution levels based on years of service.
• Handles administration, audit, and compliance testing requirements for retirement plans.
• Explains retirement benefit plan policies, procedures, and legal requirements to employees and beneficiaries.
• Responds to retirement and financial wellness questions from employees.
• Corresponds with vendors to resolve issues related to retirement plans.
• Facilitates conversations on financial wellness and promotes financial literacy among employees.
• Develops an annual financial wellness and retirement education calendar to enhance participant engagement.
• Maintains up-to-date industry knowledge through reading and attending educational seminars.
• Collaborates with other departments for program administration and with communication teams for creating employee-facing materials.

Requirements

• Bachelor's Degree in a related field from an accredited college or university.
• 3 or more years of experience in the administration of retirement plans and/or financial wellness programs.

Benefits

• Retirement plan