Melissa Boland Email & Phone Number

Huntersville, Nc, Us

Charlotte, Nc, Us

Denver, North Carolina, Us

Westminster, Colorado, Us

Provide operational assistance to HR Shared Services Global Benefits team conducting the day‐to‐day administration and communication of the Qualified and NQ pension plans. Offer pension and other benefit support to businesses throughout the US including 7,000 active employees and over 30,000 retirees. This includes 13 active union contracts. Support, review and approve de-risking projects of eligible participants such as the term vested Lump Sum Window payout of $92.1MM, decreasing future liability and PBGC payments.Create templates, formulate and automate projects such as the SIBI calculation project for over 850 retirees.On implementation team of Lawson to SAP; SAP to ADP; lead on ADP pension conversion.Provide backup for Immigration and Severance administration. Cross-train and work on 401(k) and H&W projects and day-to-day work as well as provide guidance, direction and support to the Benefit, 401(k) and H&W Analysts.Manage pension disability process; LTD offsets; Workers’ Comp. Function as liaison between corporate; plan trustees; record keeper; actuaries; auditors; HR; PBC members; all vendors.Work with the RRC to handle research requests on data issues and historical plan information, special projects to audit historical records and improve data integrity.Assist with completion of IRS Form 5500; PBGC premiums, SSA (Form 8955); other regulatory reporting.Examine and interpret pension plan documents, amendments, SPD's, SMM's, SAR's, AFN's CBA's.Review divisional and location administration of the plans to ensure consistent, effective implementation of the programs throughout the corporation.Lead coordinator and assist in the annual benefit plan (pension, 401(k) and H&W) audit for data collection from location human resources and act as company liaison with auditors; support financial year-end audit; perform plan audits.Run weekly/monthly HRIS extracts/reports for all DB plans; maintain data in HRIS; complete yearly W2 pension box.

London, Gb

Hanover, De

Performed pension calculations for Salaried, NU Hourly and Union Hourly participants.Processed monthly pension and retiree medical applications for retirement-eligible and DV participants.Processed and reviewed disability retirement; Workers' Comp; QDRO applications.Recorded and maintained pension plan payments in internal database for all participants.Managed coworker and his day-to-day responsibilities/projects; oversaw 401(k) and H&W analyst.Reconciled monthly benefit payments with payment administrator and internal pension database.Funded the Pension Trust monthly for payment of pension benefits.Tracked trust account balances and provided instructions to Cash Management for monthly funding.Provided instruction to trustee for standing monthly funding requirements.Communicated with external actuary, gathered and assisted in the interpretation of data for the pension and medical retirement plan’s yearly financial valuation.Reviewed, approved and instructed Cash Management in the payment of payment administrator fees.Interfaced with plan actuary and vendor to file and pay annual PBGC premiums; filed annual 5500 tax reporting; interfaced with plan actuary, trustee and payment administrator during annual plan audit.Assisted in yearly financial audits, gathered and assisted in the interpretation of data for pension and medical retirement plans.Interfaced with plan actuaries to calculate benefits outside pension database capabilities.Assisted plant HR staff and provided counseling for participants/retirees with pension and retiree medical issues/questions.Determined eligibility, communicated and processed all applications for Medicare Advantage plans.Managed with annual open enrollment for retired participants.Processed life insurance benefits for deceased participants by interfacing with vendor.Recorded/maintained database for manual retiree healthcare premium payments; H&W hard-copy files and database.

Overlooked and reviewed day to day estimated and actual retirement allowances and lump sum distributions for retiring and terminated members.Worked on Defined Benefit Pension Plans for both Salary and Hourly employees; Plans include Qualified, Non-Qualified, Flat Dollar, Frozen and Cash Balance (Portable Pension Plans - PPP).Assessed benefit commencement packages and applied any changes that were made due to current regulations and laws and/or plan amendments.Calculated as well as reviewed long and short term disability, deaths, executive compensation, FICA tax, QDRO’s, Qualified and Non-Qualified, 401(a)17 limits, complex service breaks, special deals, transfers and hourly and salary compensation calculations.Managed a team of 3 and their day-to-day responsibilities/projects.Reviewed census information; determined eligibility.Handled special projects that required research/analysis.Examined and interpreted pension plan documents, amendments, SPD’s, SMM’s and SAR’s.Communicated effectively and managed an on-going administrative relationship with clients, participants and their advisors regarding all aspects of the plan’s operation.Communicated information to the client, managed the enrollment/removal of employees from applicable plans and managed elections/changes in a timely manner.Maintained compliance with applicable rules, regulations and laws (including ERISA, DOL and IRS) and periodically audited files, along with standardized and maintained repository of current plan documents.

Prepared regular actuarial valuations of plan assets and liabilities as well as postretirement life and health plans.Responsible for 6 clients – Merck ($95B Assets/70,000 Ee’s); Glaxo Wellcome ($72B Assets/99,300 Ee’s); Guggenheim ($170M Assets/281 Ee’s); W. Atlee Burpee ($117M Assets/350 Ee’s); ITT ($3.8B Assets/9,7000 Ee’s); Degussa ($3.8B Assets/4,7000 Ee’s).Presented the valuation reports to management to discuss the results.Prepared Schedule B’s for Form 5500 and Schedule A’s for Form PBGC-1.Prepared information to comply with the disclosure of actuarial information as required by accounting standards.Allocated pension costs by profit center.Calculated estimated and actual retirement allowances for retiring and termination members.Reviewed the appropriateness of the actuarial assumptions by investigating investment, mortality, service and compensation experience.Determined compliance with the general non-discrimination requirements of IRS Section 401(a)(4).Was aware and up to date with new and changing laws, codes, rules and regulations.Worked on special projects as requested by the client such as Union negotiations, mergers and acquisitions involving Transitional Service Agreements (TSA), spin-offs, plan provision changes and terminations.

Stamford, Connecticut, Us

Twice a week on site processed estimated and actual retirement allowances and lump sum distributions for retiring and terminated members.Interacted with various ITT locations to obtain additional information.Was responsible for preparing benefit commencement packages.Handled special projects that required extensive research/analysis.Trained new team members.

Bachelor Of Arts (Ba), Mathematics (Major) / Russian (Minor)

Associate Of Science (As), Banking And Insurance / Business Administration