08 Apr
Senior Benefits Analyst
Minnesota, Minneapolis / st paul , 55111 Minneapolis / st paul USA

The Senior Benefits Analyst is responsible for executing the daily operations of the 401(k) program and other retirement programs.Essential Functions, Responsibilities:

  • Manage 401(k) retirement plan to include administration, annual discrimination testing, audit, and 5500/SARs.
  • Facilitate quarterly fiduciary committee meetings for plan review and performance.
  • Analyze, validate, and resolve eligibility between multiple systems and recordkeeper.
  • Project manage initiatives including auto-enrollment, plan mergers, amendments, etc.
  • Lead plan mergers with recordkeeper for acquired companies.
  • Prepare communications and employee touch-points about the retirement plans.
  • Complete weekly payroll contribution validation and funding.
  • Timely respond to employee or management inquires related to the retirement plans and larger benefit program offer.
  • Document and maintain administrative procedures.
  • Backup critical support services functions, as necessary.
  • Other duties as assigned.
Skills and Abilities:
  • Demonstrated working knowledge of the variety and structure of retirement plans, including pension, 401(k), IRAs, and nonqualified plans.
  • Working knowledge of current benefits laws and regulations (including ERISA, HIPAA and other benefit legislation)
  • Plan merger experience, a plus
  • Excellent written/verbal communication skills
  • Strong analytical skills and a thorough knowledge of plan designs

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