Senior Benefits Analyst

Responsibilities

• Serves as the subject matter expert and primary administrator for the 401(k) plan, ensuring accuracy, compliance, and effective operations
• Administers and communicate benefits programs, including plan options, policies, and enrollment requirements
• Partners with insurance carriers, brokers, and retirement plan vendors to ensure effective program delivery
• Maintains plan documentation and internal resources
• Ensures compliance with federal, state, and local regulations (including ERISA, IRS, and DOL requirements)
• Supports audits, regulatory filings, and compliance activities (e.g., Form 5500 preparation, documentation, and reporting)
• Oversees benefits survey submissions and ensure data accuracy and alignment with market practices
• Develops and maintain reports, dashboards, and analytics to monitor utilization, participation, and cost trends
• Interprets benefits policies and provide guidance to HR partners, managers, and employees
• Leads Open Enrollment planning, testing, execution, and employee communications
• Leads advanced analyses of benefits and workforce data to support program evaluation, budgeting, and strategic decision-making
• Contributes to process improvements and system enhancements across benefits administration

Day-to-Day

• Administers the company’s 401(k) plan, along with medical and pharmacy benefits
• Manages end-to-end 401(k) contribution processes, including:
  • Payroll file audits
  • Contribution preparation and reporting
  • Corrections and funding timelines
• Performs detailed audits and reconciliations of 401(k) data across payroll, Workday and Fidelity
• Reconciles contributions, loan repayments, forfeitures, and true-ups to ensure accuracy and compliance
• Partners with Payroll, Finance, and third-party administrators to resolve discrepancies and operational issues
• Supports annual compliance testing (e.g., ADP/ACP, top-heavy, coverage testing) and corrective actions
• Prepares and review data for audits, Form 5500 filings, and regulatory reporting
• Supports retirement plan governance activities, including committee meetings and vendor reviews
• Responds to Tier 2 Workday/HR HelpDesk tickets related to benefits
• Leads Open Enrollment and employee education, including 401(k) and financial wellness programs
• Identifies and implements process improvements to enhance efficiency, compliance, and employee experience

Required Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, Data Analytics, or related field
• 5+ years of experience in benefits, HR analytics, or related functions
• Hands-on experience administering 401(k), including contributions, audits, and compliance
• Strong understanding of retirement plan regulations (ERISA, IRS, DOL)
• Strong Excel skills (e.g., pivot tables, formulas, data analysis)
• Experience with HRIS systems (e.g., Workday, SAP, Oracle, or similar)
• Excellent written and verbal communication skills
• High attention to detail, integrity, and ability to manage sensitive data

• Knowledge of health and welfare plans (medical, pharmacy, leave programs)