mgr savings & retirement (Remote-US)

🌍 Remote, USA 💹 Full-time 🕐 Posted Recently

Job Description

About the position

Oversee day-to-day operations of Starbucks' Management Deferred Compensation Plan (MDCP), including enrollment, deferrals, distributions, and participant communication.
Ensure proper and timely execution of partner elections, deferrals, and payouts in accordance with the plan's terms.
Manage partner relationships, including vendors and internal partners, ensuring efficient plan operation.
Ensure compliance with all relevant tax codes, ERISA, and other regulatory requirements.
Prepare and file required reports, such as annual 409A valuations and deferred compensation disclosures.
Maintain accurate and up-to-date plan documents, ensuring timely amendments to reflect legal and regulatory changes.
Serve as the primary point of contact for partners, providing education on plan features, enrollment, and distribution options.
Address partner inquiries regarding plan benefits, account statements, tax implications, and distribution timing.
Develop and update partner communication materials to enhance understanding of the plan.
Collaborate with HR, Finance, and Legal teams to ensure that the MDCP aligns with Starbucks' overall executive compensation and retention strategies.
Analyze plan participation trends and recommend enhancements to ensure the plan remains competitive and attractive to key partners.
Work with financial and legal advisors to assess the financial impact of the MDCP on the company and propose improvements where necessary.
Proactively identify and mitigate potential risks related to plan administration, compliance, and partner disputes.

Bachelor's degree in Finance, Accounting, Human Resources, or a related field.
5+ years of experience in compensation or benefits management, with a focus on deferred compensation plans.
Strong knowledge of tax and legal regulations related to nonqualified deferred compensation (e.g., IRC Section 409A).
Excellent communication, organizational, and analytical skills.

In-depth understanding of nonqualified deferred compensation plans and their tax implications.
Ability to manage complex projects and ensure accurate, timely execution.
Strong attention to detail and ability to interpret and apply legal and tax regulations.
Excellent interpersonal and communication skills for working with parts and cross-functional teams.