Good Morning All,
I just accepted a position as a Benefits Specialist with a company just is in the process of being spun off. The parent company who is a large conglomorate decided to spin our division off in an effort to concentrate on a different product line. We are currently in the process of transitioning our 401k, Pension, and H&W benefits to new vendors and one of my responsiblities is to coordinate this conversion. The majority of my experience in the past has been with 3rd party vendors in established benefit plans, so I have limited experience with starting new plans from scratch. We are going to be modling our plan after the parents companies existing plan and then making additions and subtractions to make it our own.
Does any have any suggestions or best practices that could help easy my transition into the this new position, in addition to help me learn so that I can make the transtion as smooth as poissible?
Thanks.
Adam