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Open nowPosted 698 days ago

Retirement Plan Committee

Unitarian Universalist Association22 open roles

Where
United States, Remote
Work mode
Remote
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Your applicationOpen nowRetirement Plan CommitteeUnitarian Universalist Association · United States, Remote

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This job: posted 698 days ago

The posting

NOTE: A position with the Retirement Plan Committee is strictly VOLUNTEER, and is NOT a paid position.

Purpose: The Retirement Plan Committee serves as referenced in the governing document of the Unitarian Universalist Organizations Retirement Plan, administering the Plan according to its terms, interpreting the Plan terms, resolving questions and ambiguities arising under the Plan, and enforcing the terms of the Plan. Reviews and approves such summaries of Plan provisions, operational policies, or other rules or procedures that it deems to be necessary or desirable to the proper administration of the Plan. Establishes and maintains an Investment policy statement and has full discretionary power to consider and recommend to the UUA Board such Plan amendments, investment options, service providers (including Recordkeeper, investment manager, etc.) as it deems necessary or desirable. Complies with IRC reporting and disclosure requirements.

Key responsibilities:

  • Administering the Plan according to its terms, interpreting the Plan terms, resolving questions and ambiguities arising under the Plan, and enforcing the terms of the Plan.
  • Establishing and maintaining an investment policy statement for the Plan; appointing, monitoring, and removing investment options and funds and deciding investment-menu-related questions under the Plan;
  • Appointing, monitoring, and removing vendors and service providers including the Recordkeeper;
  • Providing timely reports to the UUA Board of Trustees on the number of participants, the performance of the investment options, and the financial condition of the Plan.
  • Other duties as stated in the UU Organizations Retirement Plan document.

Skills needed: Current experience, preferably at a senior level, in retirement plan management, investment management, finance, human resource management, or related fields which require compliance with extensive federal law and regulations.

Length of term: For regular members, two years, normally beginning July 1, with reappointment allowed three times for a maximum of eight years. The Treasurer and Financial Advisor serve ex officio.

Meetings: The Committee shall meet as necessary, but no fewer times than twice per year. Meetings may occur in-person, by phone or video conference.

Length of Meetings: Two full days, annually, minimum. Typically the committee meets quarterly: alternating a 6-8 hour meeting with a 2 - 4 hour meeting, depending upon the agenda and venue for the meeting (in-person, via video conference, etc.)

Additional important info: The Unitarian Universalist (UU) Organizations Retirement Plan is an IRS qualified 401(a)/401(k) defined contribution, multiple employer, church retirement plan. (As of March 25, 2020, the Plan includes approximately 4,350 participants with a total current balance of $346 million; note that the global pandemic of COVID-19 has impacted market volatility. Thus the Plan's total balance has declined by approximately 17.5% since 12-31-2019.)

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