Job Description
Job Overview:
Rich’s, also known as Rich Products Corporation, is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, our products are used in homes, restaurants and bakeries around the world. Beyond great food, our customers also gain insights to help them stay competitive, no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice, retail, in-store bakery, deli, and prepared foods, among others. Working in 100 locations globally, with annual sales exceeding $4 billion, Rich’s is a global leader with a focus on everything that family makes possible. Rich’s®—Infinite Possibilities. One Family.
Purpose Statement
The Manager, Retirement Plans plays a critical part in ensuring that our organization's benefit & pension offerings are competitive, compliant, and aligned with the company's overall strategic objectives. This role will work collaboratively with internal stakeholders, external vendors, and the benefits team to optimize our benefit programs. The role will report to the Director, Global Benefits to support the organization's Total Rewards strategy by effectively managing our retirement plans and staying up to date with regulatory changes and requirements. This role requires a strategic thinker with strong innovation and analytics skills and a deep knowledge of the subject matter. Compliance and project management are key requirements for this role, coupled with the ability to communicate with our associates and stakeholders alike at any level.
Key Accountabilities and Outcomes
• Strategy and management of defined contribution retirement plans in the US and Canada for both hourly and salaried associates
• Lead projects for retirement plans (cost saving initiatives, benchmarking projects, and RFPs) and act as the subject matter expert for M&A activities (due diligence, integrations, and divestitures)
• Oversee plan administration and IRS/DOL compliance activities (audits, legal notices, non-discrimination testing, governance, filings, etc.) and keep up to date with local and regional legislation and regulations related to retirement plan management, ensuring all programs are compliant
• Perform payroll reconciliation for accurate and timely processing of contributions, distributions, loans, and other plan-related transactions
• Maintain detailed and accurate records for all retirement plans
• Coordinate and oversee our retirement committee(s) and relevant meetings
• Manage relationships with vendors, including actuaries, attorneys, brokers, consultants, and our recordkeeper
• In cooperation with the Procurement team, negotiate contracts, evaluate vendor performance, and ensure that service levels are met
• Partner with our recordkeeper, and internal and external experts to develop communication campaigns and retirement readiness programs
• Act as an escalation point for our Service Center for associate inquiries
Knowledge, Skills, and Experience
• BA/BS in Human Resources, Business Administration, Accounting, Finance, or other related field. Relevant certification is a plus.
• 5-7+ years of retirement plan management experience in a complex multinational corporation
• In-depth knowledge of US retirement plan regulations and market practices (Canadian experience a plus)
• Strong project management and vendor management skills
• Knowledge of ERISA/IRS regulations regarding US retirement plans
• Strong leadership with a balance of analytical and people-focused mindset, as well as strong problem-solving and decision-making abilities
• Well-developed communication skills, creativity, and independence
• Proficiency with Excel, PowerPoint, Outlook, Word.
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COMPENSATION
In accordance with state law, the rate or range provided is Rich Products Corporation, its subsidiaries and affiliates ("Rich's"), reasonable estimate of the base compensation for this role. The actual amount may be higher or lower, based on non-discriminatory factors such as experience, knowledge, skills, abilities, shift differential, and location.
Annual Range/Hourly Rate
$93,410.39 - $140,115.59
Rich Products Corporation, its subsidiaries and affiliates (“Rich’s”), are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, gender identity, sexual orientation, marital status or any other legally recognized protected basis under federal, state, or local law. The information collected by this application is solely to determine suitability for employment, verify identity, and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Rich’s. Please contact Rich’s Human Resources department at [email protected] if you need assistance completing this application or to otherwise participate in the application process.
