The Benefits/Retirement Plan Analyst supports the administration, compliance, and reporting of employer-sponsored retirement and health & welfare benefit programs. This role ensures retirement plans such as 401(k) and deferred compensation plans comply with IRS regulations, contribution limits, and legislative updates while partnering with Payroll to validate contribution calculations and payroll registers. The analyst also supports regulatory compliance across benefit programs (ACA, ERISA, COBRA, HIPAA), assists with benefits benchmarking and reporting, and provides data and documentation for internal and external audits. This position requires strong analytical skills, attention to detail, and experience working with HRIS and benefits administration systems to maintain accurate benefits processing and reporting.
Key Responsibilities:
Retirement
- Ensure that employer-sponsored retirement and deferred compensation plans (e.g., 401(k), 409A, 457(b) plans) adhere to annual contribution limits, compensation caps, and other regulatory changes, such as Secure 2.0 Roth contribution requirements Work with Payroll team to review draft registers each pay period and retirement plan calculations.
- Stay up to date on changes in retirement plan laws and limits, such as annual adjustments by the IRS (e.g., elective deferral limits, catch-up contributions, highly compensated employee thresholds).
- Support the testing of benefit plan limit changes, system upgrades or new software to improve efficiency.
Health and Welfare
- Support compliance with applicable federal and state regulations, such as ACA, ERISA, COBRA and HIPAA.
- Assist in the review of survey data used for benefit plan benchmarking and assemble and prepare reports, presentations and other materials for review.
Data Management and Reporting:
- Support internal and external audits by providing accurate data, documentation, and analysis related to retirement plans.
- Prepare regular reports on benefit enrollment, participation and compliance.
- Strong attention to detail to ensure accuracy in payroll and benefits processing.
Qualifications:
- Bachelor’s degree in Human Resources, Business Administration, Finance, Statistics, or a related field.
- 2-5+ years of experience in benefits administration, retirement plan management, or related HR/finance roles.
- Experience with retirement plan platforms, and non-discrimination testing is a plus.
- Strong knowledge of retirement plan regulations (e.g., ERISA, IRS, DOL)
- Experience with 401(k) and Deferred Compensation Plan administration
- Proficiency in HRIS systems, benefits administration software, and Microsoft Office Suite (Excel is a must).
- Strong problem-solving skills with attention to detail.
- Ability to handle sensitive and confidential information with discretion.
- Certified Employee Benefits Specialist (CEBS) or Certified Benefits Professional (CBP)
- Retirement Plans Associate (RPA)
- Qualified 401(k) Administrator (QKA)
- Professional in Human Resources (PHR) or SHRM-CP