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RETIREMENT PLAN ADMINISTRATOR

Company: City of Longmont Colorado
Location: Longmont
Posted on: September 24, 2022

Job Description:

Retirement Plan
Administrator


Job Announcement
20220023 Retirement Plan Administrator

CLOSING DATE: Open Until Filled
APPLY ONLINE AT LONGMONTCOLORADO.GOV/JOBS

Department: Shared Services
Division: Finance

Hiring Range: $7,068 - $7,853/month
Monday - Friday, 8:00am - 5:00pm
Occasional evenings and weekends
Regular Full-time with Benefits
Benefits include: Medical, Dental, Vision, Flex Spending, Defined Benefit Pension
Plan, 401(a) Money Purchase Plan, Life & Survivor, Term Life & AD&D, Long Term
Disability, Bereavement, Jury & Witness Duty, FMLA, Military Leave, Sick,
Vacation, Holiday pay, EAP, Tuition Assistance.
Other benefits: Optional, employee elected, voluntary benefits are available.



Definition:
Under the supervision and direction of the Chief Financial Officer, organize, coordinate and
manage the retirement plans of the City including three defined benefit plans, three defined
contribution plans, a deferred compensation plan, and a retirement health savings plan. Work
with the boards of these retirement plans to select plan providers and consultants, establish
investment objectives, select investment funds and/or managers, and monitor investment
performance. Responsible for plan administration and compliance. Establish and oversee the
participant education programs. Work with staff from Finance and Human Resources to assist
plan participants in retirement benefit enrollments, separations and retirements.

Principal Duties:
In conjunction with and under the direction of the Chief Financial Officer, the position will
develop the overall strategy for the retirement plans to meet the goals of the City, the
retirement boards, and the plan members. Serve as liaison to the retirement boards. Schedule
quarterly and special meetings of the Boards. Prepare agendas for the meetings. Record the
meeting, take notes, and prepare minutes. Forward correspondence to the Boards. Submit
periodic terminations and retirements from the GERP to the Board for approval. Serves as
principal liaison for the City and the Boards with the recordkeepers, investment consultants,
investment managers, trustees, actuary, attorney and any other agents and agencies as required.
Provide the Boards with timely and relevant information arising from or connected with the
operations of the plans to facilitate timely and effective decisions. Implement the Boards'
decisions in the operations of the plans. Review annual actuary reports and recommendations
on the defined benefit plans. Recommend annual contribution rates for the defined benefit
plans to the Boards and to the City Council. Direct Accounting & Budget staff regarding
changes in contribution rates in a timely manner in advance of implementation dates. Conduct


searches for investment & plan consultants. Work with those consultants to conduct searches
for vendors to provide services such as: banking /trustee services, recordkeeping, investment
managers, and legal services. Interprets, explains and justifies, orally and in writing, retirement
plan policies and procedures. Consults with legal counsel as needed in this regard. Counsels
plan members on plan related questions and concerns. Monitors compliance of the retirement
plans with state and federal regulations. Consults with legal counsel as needed in this regard.
Enacts amendments to the plan documents through an Ordinance to adhere to changes in the
regulatory environment. Working with plan recordkeepers, maintains an ongoing
comprehensive and diverse education program for plan members. Responsible for determining
that HR and Accounting staff have effectively transmitted all enrollment and withdrawal data to
the recordkeeper, transmitted all member and payroll information annually to the actuary, and
that all biweekly contributions are transmitted on a timely basis. Monitors and reviews the
vendor contracts including the recordkeepers, the investment consultants, and the actuary.
Reviews and approves vendor invoices for payment. Monitors forfeiture balances in the defined
contribution plans and makes periodic decisions on the use of the forfeitures. Submits requests
to the recordkeepers regarding the use or application of forfeitures. Responds to all policy,
procedure or special situation questions raised by the CFO, Retirement Board members, or other
city employees and plan members. Reviews and recommends periodic cost of living
adjustments to the retirement benefits of the defined benefit plan members dependent on plan
funding status, budgetary constraints and within the limits of TABOR. On board new Retirement
Board members with information on the plan including the plan document, the Investment
Policy Statement (IPS), quarterly investment performance reports and fiduciary responsibilities.
Oversee the 457 deferred compensation retirement plan including encouraging voluntary
enrollments through communications and presentations. Coordinate enrollments and
educational presentations with the recordkeeper. Oversee the Retirement Health Savings Plan
including responding to members requests for assistance and insuring that the plan is
complying with annual IRS reporting requirements. Work with the City Clerk office to schedule
elections related to the Police & Fire defined contribution plans including plan amendments as
needed and annual election of new board members. Meet with plan members as needed to
answer general retirement plan questions or concerns or to explain investment options of the
defined contribution plans. As needed, directs plan members to the appropriate resources to
get their questions properly answered. Meet with plan members of the GERP requesting
retirement benefit projections. For members approaching retirement, request projections from
the actuary as needed. Respond to requests for information from the public regarding the
retirement plans including investment holdings and Retirement Board decisions. Maintain
historical records of the retirement plans including performance reports, watch lists, manger
evaluations, and meeting minutes to provide a record of the Retirement Boards performing their
due diligence. Maintain and communicate information on the retirement plans to the
participants through articles in city newsletters, email alerts, new employee orientation
information, plan descriptions, and posting information on the City intranet. Conduct periodic
audits of retirees and beneficiaries of the defined benefit plans. Support the City and
Department values, goals, objectives and business strategies. Performs essential duties and
additional tasks in a manner which enhances City Attributes.

Working Environment:
Work is generally performed in a standard office environment. Periodic after hours work may be
required for meeting attendance. Ability to sit for long periods of time. Ability to communicate
verbally using telephones, presentations and through interpersonal communication.

Qualifications:
Education and experience equivalent to a Bachelor's Degree from an accredited college or
university with major course work in accounting, business, or finance with training in Modern
Portfolio Theory. Four years of broad-based experience in a responsible administrative position
(i.e. Public Administration, Investment Firm, Corporate or Public Retirement or Pension Fund,
Public Accounting or Financial Institution). Any equivalent combination of education, training
and experience, which would provide the required knowledge and skills may be considered.
Preferred: Level 1 or 2 Chartered Financial Analyst. Certifications in Employee Benefits such as



Certified Employee Benefit Specialist (CEBS), Retirement Plans Associate (RPA), or Certificate of
Achievement in Public Plan Policy (CAPPP). Experience in administering retirement plans.
Special
Qualifications: Bilingual (English/Spanish) proficiency preferred.

Selection
The selection process will include complete job description review, personal interview, computer
testing, background investigation, criminal background check, and substance screening.


DEADLINE: Open Until Filled
An ONLINE APPLICATION is required. This job is Open Until Filled. The online application
process is available for this position on our website at www.longmontcolorado.gov/jobs.
Resumes are not accepted in lieu of the City Application. For more information, call (303) 651-
8609.

The City of Longmont offers Equal Opportunity for employment to all qualified applicants. It is the policy of the City
of Longmont not to discriminate on the basis of race, color, religion, creed, national origin, sex, sexual orientation,
age, ancestry, veteran status, or disability unless related to a bona fide occupational requirement. If you need special
assistance in the selection process, please contact the Human Resources Department in advance to make
arrangements.


AN EQUAL OPPORTUNITY EMPLOYER
ALL CITY OF LONGMONT FACILITIES ARE SMOKE FREE



CITY OF LONGMONT BENEFIT PACKAGE - 2022
HEALTH & WELLNESS FOR YOU AND YOUR FAMILY
> Health, Dental and Vision Insurance
The City offers two medical plans. Employees may choose either the Triple Option medical plan (choice
to access benefits through a PPO provider, an HMO provider or out-of-network provider) or the Kaiser
HMO medical plan. Dental benefits are provided through Delta Dental, and vision coverage is offered
through Vision Service Plan of Colorado. 2022 full-time employee monthly contributions are:
Triple Option HMO Dental Vision*
Employee Only $69.75 $ 0 $3.53 $0/$10.03
Employee + one dependent $214.85 $166.17 $39.31 n/a
Employee + two or more $488.24 $377.61 $115.43 $3.83/$28.20
dependents
*Vision Rates are for Exam Only / Exam + Materials
The Wellness Works program is open to all employees with a range of classes, activities, and incentives
for healthy living.
PREPARING FOR THE UNEXPECTED
> Basic Life Insurance
The City pays the full cost of employee basic life and accidental death and dismemberment coverage.
Life benefits under each plan are equal to 1 times the employee's annual base salary up to a
maximum of $250,000 each.
> Long Term Disability
The City pays the full cost of employee Long-Term Disability benefits at 60% base monthly pay to a
maximum benefit of $10,000 per month through UNUM.
> Supplemental Insurance
Employees may purchase additional insurance products for themselves and eligible dependents
through AFLAC.
> Family and Medical Leave
Qualified employees may use Family & Medical Leave for personal or family events that necessitate an
absence from work under the provisions of the Family & Medical Leave Act.
PLANNING FOR YOUR FUTURE
> City Pension
Both the employee and the City contribute to a defined benefit pension plan. The employee contributes
5.6% of base salary (before taxes) and the City contributes as required to provide for future
retirement benefits. Employees are 100% vested in their contributions and become fully vested in the
Plan after 5 years of service.

> Money Purchase Plan
Both the employee and the City contribute to a defined contribution money purchase plan. The
employee contributes 6% of base salary (before taxes). The City contributes 5%. Employees are 100%
vested in their own contributions and are fully vested in the Plan after 3 years of service. Investments
are self-directed by employees.
> Section 457 Investment Plan
The City offers employees an optional Deferred Compensation Plan, which defers federal and some
state income taxes until retirement. Employees direct their funds into several investment options
provided through ICMA. This plan includes a Roth contribution option.
TIME FOR YOURSELF
> Vacation
Full-time employees earn 96 hours of vacation annually for the first two years of employment.
Additional vacation time is accrued after two years.
> Sick Leave
Full-time employees earn 96 hours of sick leave per year and this leave may be accumulated without
limitation.
> Holidays
The City observes 10 designated holidays per year plus a floating personal holiday.
SOME EXTRAS
> Tuition Reimbursement
The City offers a tuition reimbursement program for employees attending classes at accredited
educational institutions.
> Employee Assistance Program
Counseling and related services are available for employees and their family members at no charge
through an Employee Assistance Program.
> Flexible Spending Accounts
Employees may elect to put aside money on a pre-tax basis to pay qualified dependent care and health
care expenses.
> Retiree Health Savings Account
Employees participate in this retiree health benefit savings vehicle that allows the accumulation of
assets to pay for medical expenses in retirement on a tax-free basis. The accounts are funded by
annual City contributions and employee contributions of unused sick leave accumulations.
> And more perks including: Free Recreation Pass (taxable fringe benefit), Employee
Wellness Program (may qualify for monetary incentives and additional Wellness Vacation
time), full time benefitted employment time may qualify toward the Federal Public Service
Loan Forgiveness program, Employee-Driven Mentorship Program, and more!

ABOUT LONGMONT
AND ITS COMMUNITY
esignated as an All-America City in 2006 companies and a vibrant restaurant and art scene.
and then again in 2018, the residents of It is conveniently located 35 miles from Denver,
D Longmont weren't surprised to learn that it 16 miles from Boulder, and 30 miles from scenic Trail
was named the No. 1 Boomtown in America in 2019, Ridge Road through Rocky Mountain National Park.
according to the Smart Asset Study and voted one of
The City of Longmont was founded in 1871 by
the best places to live in America according to a 2019
members of the Chicago-Colorado Colony. Astronaut
study by Money.com. The first Gig City in Colorado,
Vance Brand was born in Longmont and graduated
Longmont's NextLight Internet has been named the
from Longmont High School. The first store to carry
fastest ISP by PC Magazine.
the JC Penney name was located on Longmont's
Longmont also is home to several high-tech Main Street.
Get More From Life
Longmont
by the Numbers
* Population: 96,192
* Households: 37,673
* Median Age: 35
* Demographics:
* Caucasian: 82.4%
* Latino of any race: 24.6%
* Asian: 2.8% Longmont is an outdoor city. The City also takes an active
* African American: 1.1% Take off running along one of
role in providing cultural and
* Other: 13.6% Longmont's many greenways.
recreational activities for the
* Community Services: Stroll among the geese at
entire community. The City's
* 1 municipal airport McIntosh Lake. Ride your bicycle
division of Recreation Services
* 2 hospitals over miles of bike trails. Or just sit
operates one large Recreation
* 76 churches on a nice flat rock by the St. Vrain
Center and several satellite
* 6 dog parks Creek and listen to the flowing
centers, including an outdoor
* 4 golf courses water and watch the birds. The
* 4 public swimming pools City of Longmont maintains ice skating rink and indoor and
* 35 parks and 7 greenways almost 3,000 acres of parks and
outdoor swimming pools. The
* Annual Weather Metrics: open space, and Boulder County
divisions of Senior Services and
* Warmest month: July maintains more than 80 miles of
Youth Services provide activities
(average 73.5F) trails for hiking, biking, horseback
and services for specific age
* Coldest month: December riding, and nature photography.
groups; and the Longmont
(average 31F) Longmont sits at the foot of the
Museum & Cultural Center serves
* Average precipitation: 12.09" Rocky Mountains within driving
visitors of all ages.
* Average snowfall: 45.9" distance of 29 ski areas.

EDUCATION
The St. Vrain Valley School District (SVVSD)
operates about 55 schools in a 411-square mile area
encompassing 13 communities.
SVVSD's focus on student success is reflected
through positive academic trends and public
recognition. SVVSD's Colorado standardized testing
The Innovation Center; Courtesy of Erie Tiger Times
scores have been consistently higher than the
state's average. The SVVSD serves more than 32,000
students in grades Pre-K through 12.
ST. VRAIN VALLEY SCHOOL DISTRICT
BREAKDOWN:
* 24 Elementary Schools
* 8 Middle Schools
* 7 High Schools
* 6 Charter Schools
* 1 Special Education program
* 1 Innovation Center
* 10 Other Facilities
Higher education is available locally through the
Boulder County campus of Front Range Community
College located in Longmont. Longmont also is
within easy commuting distance of the University of
Colorado at Boulder and Colorado State University
in Fort Collins.
University of Colorado - Boulder

EMPLOYERS
Longmont has a diverse economy with more jobs held by
local residents than any other city in Boulder County.
hese jobs include positions in biotech,
Longmont's other major
aerospace, software, and semiconductor
T
companies, as well as several other
employers include:
industries and companies of all sizes. According to
* BC Services, Inc.
the Software & Information Industry Association,
* Circle Graphics
the Boulder/Longmont area has the highest
* Crocs
concentration of software-related jobs in the U.S.
* DigitalGlobe
* Federal Aviation Administration
Longmont also is home to 26 firms that each employ
* GE Oil & Gas
more than 100 people with the largest employers
* Intel Corporation
being the St. Vrain Valley School District, Seagate
* Measured Progress
Technology, Longmont United Hospital/Centura,
* McLane Western
the City of Longmont, and West Safety Services * Micron Technology
* PharMerica
Division. Longmont's median household income is
* Smuckers
$57,142.
* Sun Construction & Design
Longmont is within easy commuting distance of * UC Health Longs Peak Hospital
* Western Digital
Boulder, home to employers such as IBM, Ball
* Wilant
Corporation, National Center for Research, NIST,
* Woodley's Fine Furniture
and Celestial Seasonings.
* Xilinx

TO BE CONSIDERED ...

DEADLINE: Open Until Filled
An ONLINE APPLICATION is required. This job is Open Until Filled. The online application
process is available for this position on our website at www.longmontcolorado.gov/jobs.
Resumes are not accepted in lieu of the City Application. For more information, call (303)
651-8609.
The City of Longmont offers Equal Opportunity for employment to all qualified applicants. It is
the policy of the City of Longmont not to discriminate on the basis of race, color, religion,
creed, national origin, sex, sexual orientation, age, ancestry, veteran status, or disability unless
related to a bona fide occupational requirement. If you need special assistance in the selection

Keywords: City of Longmont Colorado, Longmont , RETIREMENT PLAN ADMINISTRATOR, Accounting, Auditing , Longmont, Colorado

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