Job Description

Company Overview for Formosa Plastics Corporation, U.S.A.

Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 2,800 people who operate 20 production units in six business divisions - Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, Chlor-Alkali, and Oil & Gas.

Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene® tradename; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon® tradename. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid.

We are committed to supplying the highest quality products and services to our customers, providing a safe and healthy workplace for our employees and contributing to the quality of life in the communities where we operate. This commitment is made possible through our dedicated people, consistent products, continued protection of the environment and ongoing investments in new product development, quality control systems and safe, modern and energy-efficient production facilities.

Formosa Plastics is a privately held company headquartered in Livingston, New Jersey. Our core business, producing plastic resins and petrochemicals, takes place at three wholly-owned chemical manufacturing subsidiaries located in Delaware City, Delaware, Baton Rouge, Louisiana and Point Comfort, Texas.

RETIREMENT BENEFITS SPECIALIST

POSITION OBJECTIVE

• Coordinate the administration of all company-sponsored retirement plan programs, including pension plans, 401(k) plans, and other retirement savings or deferred compensation programs, as applicable.
• Support accurate and timely plan administration in accordance with plan documents, company policies, and applicable requirements.
• Help employees understand their retirement benefits, eligibility, participation options, and retirement processes through clear communication, education, and responsive service.
• Work with internal departments, plan service providers, and retirement plan committees to support effective program operations and identify opportunities for improvement.

MAJOR AREAS OF ACCOUNTABILITY

• Serve as a primary contact for recordkeepers, third-party administrators, trustees, actuaries, and other service providers supporting company retirement programs. Coordinate data exchanges, administrative services, fees, and issue resolution.
• Coordinate retirement plan administration across participating company locations, including eligibility, enrollment, contributions, vesting, benefit calculations, distributions, and other transactions, as applicable.
• Investigate discrepancies, reconcile records, and resolve routine and non-routine administrative issues in coordination with Human Resources, Payroll, Finance, Legal, and service providers.
• Respond to employee and local Human Resources inquiries regarding retirement plan provisions, company policies, participation requirements, and available benefits.
• Review retirement program operations, service quality, administrative costs, and employee needs; recommend improvements to processes, communications, and program administration.
• Prepare and maintain employee communications, benefit materials, procedures, and educational resources. Coordinate and conduct retirement benefits presentations and financial education programs.
• Maintain accurate and confidential retirement plan records and supporting documentation.
• Coordinate required filings, notices, disclosures, audits, testing, and plan document updates with internal stakeholders and external advisors.

QUALIFICATIONS

• Bachelor’s Degree
• Minimum of 5 years of Retirement Plan and Benefit Plan experience preferred.
• Experience administering employer-sponsored retirement programs, including pension and defined contribution plans such as 401(k) plans, in an organization with multiple locations or business units.
• Experience coordinating with retirement plan recordkeepers, third-party administrators, trustees, actuaries, auditors, and other service providers.
• Knowledge of retirement plan administration, including eligibility, enrollment, contributions, vesting, distributions, and applicable reporting and compliance requirements.
• Familiarity with ERISA, applicable Internal Revenue Code provisions, and requirements administered by the Department of Labor, Internal Revenue Service, and Pension Benefit Guaranty Corporation, as relevant to assigned plans.
• Knowledge of Social Security, Medicare, and other employee benefit programs is a plus.

Check Out Our Benefits

Health Coverage and Perks

Excellent medical, dental, and vision insurance plans

Flexible spending accounts for health, dependent care

Short-term Disability

Long-term Disability

Group Term Life, Dependent and

Supplemental Life Insurance

Tuition Reimbursement

​​​​​​​

Work/Life Balance

10 Paid Holidays

Paid Time Off for a balanced life

(Vacation, Sick and Personal Time)

FlexTime Available

Competitive Compensation

Competitive salary, incentive/bonus, 401(k) plan with company match,

Cash Balance, Pension Plan