Defined Contribution Plan Manager - City of Los Angeles
The City of Los Angeles is seeking a creative, innovative, and experienced defined contribution plan professional with either private or public sector experience to manage its Internal Revenue Code Section 457 Deferred Compensation Plan (DCP).
Interested candidates will need to provide the following materials for a complete application packet:
1) Completed City Application (per.lacity.org/application.pdf); and
2) Brief letter of interest (not more than 1 page); and
3) Resume - Your resume should reflect your experience in working with organizations of comparable size, scope, complexity, and should detail notable accomplishments.
Your application packet comprising the above three documents must be submitted electronically by the application deadline of 5:00 pm (PST) on Friday May 19, 2023 to:
Per.personnelservices@lacity.org
Subject: Exempt Position/ Defined Contribution Plan Manager
POSITION OVERVIEW
The City of Los Angeles is seeking a creative, innovative, and experienced defined contribution plan professional with either private or public sector experience to manage its Internal Revenue Code Section 457 Deferred Compensation Plan (DCP). The Defined Contribution (DC) Plan Manager is responsible for overall management and oversight of the administrative, operational, contractual, supervisory, and communication functions of the DCP. The DC Plan Manager position is located in the City’s Personnel Department and acts as the DCP staff advisor to the City’s Board of Deferred Compensation Administration (Board). The DC Plan Manager oversees and is primarily responsible for ensuring that DCP staff support the Board in executing its fiduciary role for the DCP and the DCP’s participants, which include performing the following core duties:
• Supervising a team of staff performing the administrative, engagement, reporting, and related operational functions of the DCP.
• Carrying out decisions and directives of the Board, including implementing policy and program directives.
• Procuring for and executing contracts for various administrative, investment, consultant, and other services.
• Directing contracted service providers.
• Providing analysis and policy recommendations regarding a variety of process, plan design, and administrative matters.
• Developing forward-thinking plan design and engagement initiatives to drive ongoing improvements in participant outcomes.
This position may further perform duties in connection with the City’s Pension Savings Plan, a Social Security replacement plan established under Internal Revenue Code Sections 457/3121. Further details regarding the duties and characteristics of the DC Plan Manager can be found in the Classification Specification for this position.
COMPENSATION AND BENEFITS
The current salary range is $143,967 to $210,470 per year. A highly competitive benefits package includes an independent defined benefit retirement plan to which both the employee and the City contribute; a supplemental retirement savings plan; generous vacation and sick leave; 13 paid holidays per year; a flexible benefits plan including multi-option health, dental, and vision coverage; and family and parental leave. DCP staff currently telecommute on a hybrid basis, but telecommuting policies are subject to change according to wider City policy. Relocation reimbursement may be available.
LOS ANGELES DEFERRED COMPENSATION PLAN
The DCP is a tax-advantaged supplemental retirement savings program established in 1983 under Internal Revenue Code (IRC) Section 457 and City of Los Angeles Administrative Code Division 4, Chapter 14. Section 457 plans were created by the United States Congress specifically for state and local government entities. All DCP assets are held in trust for the exclusive benefit of participants and their beneficiaries. The DCP is open to all City employees who are members of the City’s three defined benefit plans for civilian, sworn Police/Fire, and Department of Water and Power employees.
FOCUS ON INNOVATION
The DCP has a long tradition of innovating by critically questioning its own past practices and industry conventional wisdom, always looking for opportunities to evolve and drive success higher. The DC Plan Manager’s most important role is to be an innovator and creative thinker. The recent creation of the DC Plan Manager position reflects the Board’s commitment to innovation in all aspects of DCP administration, including its staff resources. This position will play an important role in strengthening staffing continuity and greater program independence.
HOW TO APPLY
Interested candidates, will need to provide the following materials for a complete application packet:
1) Completed City Application (per.lacity.org/application.pdf); and
2) Brief letter of interest (not more than 1 page); and
3) Resume - Your resume should reflect your experience in working with organizations of comparable size, scope, complexity, and should detail notable accomplishments.
Your application packet comprising the above three documents must be submitted electronically to:
Per.personnelservices@lacity.org
Subject: Exempt Position/ Defined Contribution Plan Manager
by the following application deadline: 5:00 pm (PST) on Friday May 19, 2023
All application packets received will be subject to resume screening. Candidates selected from screening will be invited to participate in an interview process.
