US Benefits Director – Retirement Programs

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

What You'll Do

As US Benefits Director – Retirement Programs , you will lead all aspects of BCG’s US qualified retirement plans, supporting approximately 18,000 participants and overseeing approximately $5 billion in plan assets. You will have end-to-end responsibility for the defined contribution plan for staff and defined benefit plan for Managing Directors and Partners, ensuring both programs are well governed, compliant, operationally effective, and responsive to evolving participant and business needs.

You will set the direction for BCG’s retirement plan design and administration while partnering with senior leaders and teams across the firm . You will lead a team of two retirement professionals and oversee a broad network of external advisors and service providers, bringing deep retirement expertise and sound judgment to complex regulatory, fiduciary, operational, and participant matters.

- Lead retirement plan strategy, design, and major change initiatives, assessing regulatory requirements, market practices, participant needs, and broader business impact.

- Lead key retirement projects and initiatives, including:

- PSRF calculation and model updates and adoption of PSRF plan amendments.

- DIP termination and redesign activities.

- Defined contribution and defined benefit plan design and regulatory changes.

- Updates to MDP retirement communications, including plan and holdback-related language.

- Implementation of regulatory changes and associated plan, process, and participant communication updates.

- Oversee ongoing 401(k) and retirement plan administration, including payroll and administrator integrations, enrollments, elections, demographic and deduction changes, biweekly funding, terminations, plan-to-plan transfers, and resolution of operational issues.

- Manage annual defined contribution, defined benefit, and PSRF calculations end to end, coordinating participant data, calculation models, funding and deposits, quality reviews, and participant communications across Payroll, Partner Services, IT, Accounting, and external administrators.

- Direct retirement plan compliance and regulatory processes, including Form 5500 and Form 8955 filings, PBGC reporting, annual audits and nondiscrimination testing, state retirement plan exemptions, fiduciary insurance requirements, annual funding notices, participant disclosures, and other regulatory obligations.

- Maintain retirement plan documents and governance records, coordinating annual and regulatory amendments and ensuring contracts, historical plan documents, process documentation, key decisions, and other critical records are complete, current, and accessible.

- Manage relationships with ERISA legal counsel, financial advisors, defined contribution and defined benefit plan administrators, actuaries, accountants, and other advisors; lead regular legal and vendor meetings, RFPs, contract negotiations, service reviews, and invoice oversight.

- Lead retirement governance and senior leadership engagement, including quarterly Retirement Benefit Committee meetings and annual plan reviews for the System Chair, CFO, and Retirement Benefit Committee; prepare materials and recommendations to support effective plan decisions.

- Partner across Tax, Accounting, Payroll, IT, Partner Services, HR, and executive leadership on plan governance, fiduciary matters, funding, regulatory developments, and complex retirement issues.

- Design and deliver retirement communications, financial wellness campaigns, webinars, and annual participant outreach, including 401(k) and beneficiary communications; coordinate with financial wellness partners and North America interest groups and clubs.

- Educate Managing Directors and Partners on BCG retirement programs, including MDP Orientation sessions and required plan communications; oversee MDP 415-limited communications and train HR teams and local leaders on BCG retirement plans.

- Resolve complex and escalated participant matters involving employees, Managing Directors and Partners, and former or international participants; meet individually with departing MDPs and oversee qualified domestic relations orders and other sensitive retirement matters.

- Lead and develop two retirement professionals, overseeing participant support and the US Retirement employee inquiry channel while establishing clear processes, controls, documentation, and continuity across retirement operations.

What You'll Bring

- Bachelor’s degree required .

- 5–7 years of relevant experience managing US qualified retirement plans required .

- Deep knowledge of defined contribution and defined benefit plans, including 401(k) administration, ERISA requirements, plan governance, and regulatory compliance, strongly preferred.

- Experience leading complex retirement plan operations, including annual calculations, funding, audits, plan amendments, payroll integrations, and participant transactions, strongly preferred.

- Demonstrated ability to manage retirement plan vendors and advisors, including administrators, actuaries, ERISA counsel, financial advisors, and auditors.

- Strong leadership, communication, and problem-solving skills, with experience developing teams, resolving complex plan issues, and advising senior leaders on retirement and fiduciary matters.

Who You'll Work With

You will report to the NAMR Total Rewards Executive Director and lead a team of two retirement professionals. You will collaborate with senior BCG leaders and colleagues across HR, Payroll, and A ccounting, as well as external retirement plan advisors and service providers.

Additional info

At BCG, our people and relationships are at the heart of everything we do. We believe that in-person work is essential to our culture, mentorship, and professional development. That's why we operate on a hybrid model, with the expectation that team members will be in the office 3 to 5 days per week. This role is designed for those who thrive in a dynamic, collaborative environment and is not intended for remote or virtual work.

Total compensation for this role includes base salary, annual discretionary performance bonus, contributions to BCG’s Profit Sharing and Retirement Fund (PSRF), and a market leading benefits package described below.

We expect total annualized compensation for Boston based employees to be approximately the following:

Base salary between $162,000-$194,000 (USD) ; placement within this range will vary based on experience and skill level

Annual discretionary performance bonus between 0-30%

5% Profit Sharing Retirement Fund (PSRF) contribution, increasing to 10% after two years of service. Contributions are vested immediately and there is no waiting period

At BCG, we are committed to offering a comprehensive benefit program that includes everything our employees and their families need to be well and live life to the fullest. We pay the full cost of medical, dental, and vision coverage for employees – and their eligible family memb ers.* That’s zero dollars in premiums taken from employee paychecks.

All of our plans provide best in class coverage:

- Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
- Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
- Dental coverage, including up to $5,000 in orthodontia benefits
- Vision insurance with coverage for both glasses and contact lenses annually
- Reimbursement for gym memberships and other fitness activities
- Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for employees to make personal contributions to a 401(k) plan
- Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
- Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 15 vacation days per year (earned at 1.25 days per month)
- Paid sick time on an as needed basis

*Employees, spouses, and children are covered at no cost. Employees share in the cost of domestic partner coverage.

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.

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