401(a) TERMINAL PAY PLAN ADMINISTRATOR 0942

DISTINGUISHING FEATURES OF THE CLASS

In conjunction with the Suffolk County 401(a) Terminal Pay Board, and under the direction of the County Personnel Officer, an employee in this class administers the County’s 401(a) Terminal Pay Plan. The incumbent coordinates with all appropriate County departments to ensure that the Plan functions efficiently and is in compliance with all rules and regulations for the benefit of eligible County employees. The incumbent is expected to exercise considerable independent judgment and initiative in the performance of duties. Work is reviewed by the Board through meetings and written reports. Does related work as required.

TYPICAL WORK ACTIVITIES

Coordinates and directs the County’s 401(a) Plan in conjunction with the Suffolk County 401(a) Terminal Pay Board;

Assists 401(a) Plan participants in interpreting and understanding Plan features, regulations, and procedures;

Organizes Board meetings and completes reports;

Oversees, as a fiduciary, the assets managed in the Plan;

Researches, identifies, and resolves plan-level and participant-level issues;

Administers policy and makes recommendations to the Board regarding any changes necessary due to amendments on state or federal levels; Reviews current policy and trends to determine further action for the benefit of participants or the Board;

Prepares Requests for Proposals (RFPs) and contracts/amendments, and participates in meetings with responding companies necessary to complete the RFP/contract/amendment process;

Develops and maintains plan summary, and related policies, in conjunction with Plan provider.

Provides information and documents for audits of Plan;

Prepares and provides presentations.

FULL PERFORMANCE KNOWLEDGES, SKILLS, ABILITIES AND PERSONAL CHARACTIERISTICS

Comprehensive knowledge of applicable Internal Revenue Service regulations and private letter rulings; comprehensive knowledge of the principles, techniques and methods involved in coordinating provider options; thorough knowledge of recent developments, current literature and sources of information relative to 401(a) plans; ability to interpret contracts, prospectuses and other documents; ability to obtain, evaluate and verify information; ability to prepare clear, accurate and comprehensive reports; ability to plan, coordinate and distribute educational material to employees which is informative and promotes participation in the Plan; ability to establish and maintain effective working relationships with all Board members, employees and provider personnel; good judgment; tact; courtesy; physical condition commensurate with the demands of the position.

MINIMUM QUALIFICATIONS

OPEN COMPETITIVE

Graduation from a college with federally-authorized accreditation or registration by NY State with a Bachelor’s Degree, plus two (2) years of professional experience in human resources, personnel, Civil Service, or benefits, which includes work in the administration of a government retirement plan.

NOTE: Additional experience as described above may be substituted for education on a year-for-year basis.

R04/15/2024

SUFFOLK COUNTY

Competitive