Reading, writing, and researching items of interest
Katherine (Kati) Godersky
Summary
Retirement benefits professional adept in evaluating and administering employee retirement programs. Skilled in data analysis, problem-solving, and regulatory compliance, ensuring optimal retirement solutions. Strong collaborator with focus on achieving measurable results, and adaptable to changing needs. Reliable team player with commitment to excellence and integrity.
Overview
22
22
years of professional experience
Work History
Senior Financial Benefits Analyst
EXACT SCIENCES CORP.
12.2020 - Current
- Company Overview: Biotech focused on cancer detection
- Function as SME to internal stakeholders and vendors for both 401k (both U.S. and Puerto Rico) and deferred compensation plans (DCP).
- Thoroughly understand & communicate 401k plan and DCP designs, regulations, and restrictions.
- Responsible for annual plan enhancement and plan design changes.
- Expert in all required compliance processes including nondiscrimination testing, completing 5500s, plan audits, 11-K filings, error corrections under DOL rules, and maintaining compliance documents (e.g., plan amendments, SPDs, SMMs, SARs, DCP deferral & distribution requirements, participant records).
- Support the Benefits and Investment Committees by coordinating with ERISA counsel, fiduciaries, and record keeper to prepare documents and meeting materials.
- Work with external auditors, record keeper, and other stakeholders to assist with reconciliations and other audit exercises to ensure maintenance of plan assets and regulatory requirements.
- Create annual & intermittent employee communications calendar and communications, including developing or sourcing all content.
- Assist with planned and on-demand reporting for various stakeholders (e.g., leadership, finance, payroll, HR, external auditors).
- Remain current on regulatory changes, industry and national trends, best practices, and benchmarks.
- Develop and leverage strong vendor and consulting relationships, including contract renewals and pricing negotiations.
- Lead all aspects of plan mergers resulting from acquisitions.
- Investigate opportunities for continuous improvement and enhanced employee experience, including financial wellness.
Manager Retirement Benefits
MILLERCOORS LLC
07.2009 - 12.2019
- Company Overview: Now Molson Coors Beverage Co. (position eliminated 12/2019 due to downsizing)
- Responsible for administration of pension, 401k, and deferred compensation plans totaling over $5 billion.
- Managed record keeper, advisor, investment manager, actuary, and trustee relationships.
- Chaired Investment Subcommittee.
- Prepared all materials for and attended all Governance Committee meetings with C-suite executives and legal staff.
- Prepared annual nondiscrimination testing and financial statements for plan audits, 11-K filings, and 5500 filings.
- Regularly interfaced with pension plan actuaries to ensure accuracy of pension plan valuations, internal accounting to support annual pension plan funding, and legal to review contracts, plan amendments, and plan documents.
- Prepared expense projections for pension plan hedging program (LDI) and assisted with preparing related ISDA agreements.
- Supported union negotiations through plan design recommendations and cost analyses; assisted with IAM National Pension fund fee correction while analyzing the Plan's rehabilitation plan.
- When regulations required, devised method for tracking fair value and leveling of pension and 401k plan assets for 10-K footnotes and 11-K filings; received commendations from CEO and audit firm who used work as example for other clients.
- Directed and performed all work related to two lump sum offerings for term vested pension participants.
- Directed project to deleverage pension plan by annuitizing over 4600 retirees and beneficiaries with over $1 billion of pension liability.
Account Executive & Lead Analyst
EXECUTIVE BENEFITS NETWORK
10.2003 - 07.2009
- Company Overview: Part of Northwestern Mutual Financial Network (& Life Insurance)
- Assisted companies with the design, implementation, administration, and forecasted impact on financial statements of nonqualified executive benefit plans using strategies involving Company Owned and Bank Owned Life Insurance vs. traditional funding methods.
Education
Master of Business Administration - Finance & Policy Studies
UNIVERSITY OF CHICAGO
Chicago, IllinoisBachelor of Science - Business Administration
CARROLL UNIVERSITY
Waukesha, WisconsinSkills
- Defined Benefit, Defined Contribution, and Deferred Compensation Plan Administration
- Pension Investment Management Administration
- Retirement Plan Strategy
- Employee Relations
- Relationship Building
- Documentation and reporting
- Project Management
- Contract Negotiations
- Legislative Change Research Including SECURE 20 Analysis and Implementation
- Staff and Cross Functional Team Management
- 401k Plan Mergers
- Verbal and Written Communication
- Microsoft Suite, Workday
- Vendor Systems
Interests
Timeline
Senior Financial Benefits Analyst
EXACT SCIENCES CORP.
12.2020 - Current
Manager Retirement Benefits
MILLERCOORS LLC
07.2009 - 12.2019
Account Executive & Lead Analyst
EXECUTIVE BENEFITS NETWORK
10.2003 - 07.2009
Bachelor of Science - Business Administration
CARROLL UNIVERSITY
Master of Business Administration - Finance & Policy Studies
UNIVERSITY OF CHICAGO
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