Compensation & Benefits Professional

Schaeffler

$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Human Resources, Finance, Business, Accounting, or related field
  • 3-5 years of experience with U.S. defined contribution retirement plans
  • Hands-on expertise with large 401(k) plans ($500M+ in assets)
  • Experience with benefits administration systems or recordkeeping platforms
  • Strong analytical mindset with attention to detail
  • Knowledge of ERISA, IRS, DOL regulations, compliance testing, and Form 5500 filings
  • Experience collaborating with plan committees and senior stakeholders

Responsibilities

  • Oversee operational, compliance, and governance activities for the U.S. 401(k) Plan
  • Manage plan administration including eligibility, enrollments, and contributions
  • Perform routine audits and collaborate with vendors for effective plan operations
  • Respond to participant inquiries with clarity and empathy
  • Conduct annual compliance testing and prepare Form 5500
  • Deliver workshops and materials to enhance financial literacy
  • Act as a liaison with third-party providers and support the Retirement Committee

Benefits

  • Potential for professional certifications support
  • Opportunity for continuous improvement in operations
  • Access to workshops and training for skill enhancement
  • Support for international retirement plans administration
  • Collaborative work environment with diverse stakeholders
Full Job Description
Your Key Responsibilities

Primary responsilbiltity would be the U.S. 401(k) Plan:
  • Oversee all operational, compliance, and governance activities.
  • Manage plan administration end-to-end, including:
  • Eligibility, enrollments & contributions
  • Perform routine audits & act as key resource in HRS/payroll and vendor testing
  • Collaborate with recordkeepers, financial advisors, HR teams, and payroll to resolve issues and improve plan operations
  • Respond to participant inquiries with clarity, empathy, and accuracy
  • Annual compliance testing (ADP/ACP, top-heavy, coverage, nondiscrimination)
  • Form 5500 preparation and coordination with auditors and service providers
  • Deliver and/or coordinate workshops, webinars, and written materials to improve financial literacy and retirement preparedness
  • Ensure compliance with all applicable laws and regulations, including ERISA, IRS, DOL, SECURE Act, etc.
  • Act as a key liaison with third-party administrators, recordkeepers, trustees, investment advisors, and legal counsel
  • Support the Retirement Committee by:
    • Preparing materials, reports, and analyses
    • Assisting with fiduciary governance, documentation, and review of meeting minutes
    • Supporting investment lineup monitoring and fee benchmarking
  • Oversee plan amendments, vendor changes, and major initiatives such as:
    • Plan redesigns
    • Mergers and acquisitions
    • System conversions
    • Regulatory or legislative changes
  • Drive continuous improvement in plan operations, participant experience, and risk management
  • Provide a support role for international Defined Contribution Plans (Canada, Mexico and South America), as needed
    • Coordinate with local HR, payroll, finance, and external vendors to ensure accurate administration and compliance with local regulations
    • Assist with vendor oversight, data reviews, and operational issue resolution
  • Support the ongoing administration of frozen defined benefit plans in the United States and Canada
    • Coordinate with actuaries, administrators, and auditors on:
    • Annual valuations
    • Funding requirements
    • Regulatory filings
    • Participant inquiries related to frozen benefits


Your Qualifications

Required:
  • Bachelor's degree in Human Resources, Finance, Business, Accounting, or a related field
  • 3 - 5 years of progressive experience administering U.S. defined contribution retirement plans
  • Deep hands-on expertise with large, complex 401(k) plans (preferably $500M+ in assets)
  • Experience with benefits administration systems or recordkeeping platforms
  • Analytical mindset with strong attention to detail
  • Strong working knowledge of: ERISA; IRS and DOL regulations; Compliance testing and Form 5500 filings
  • Proven experience working with plan committees and senior stakeholders
  • Demonstrated ability to manage multiple vendors and complex initiatives
  • External applicants must be authorized to work in the United States without employment visa or other sponsorship


Preferred:
  • Experience supporting international defined contribution plans, particularly in Canada and/or Mexico
  • Knowledge of U.S. and Canadian defined benefit plans, including frozen plan administration and termination
  • Professional certifications such as CEBS, QPA, QKA, CRPS or CFA
  • Experience in a multinational or publicly traded organization


We look forward to your application.

Keywords: Experienced; Professional; Full-Time; Unlimited; Human Resources;

Similar Jobs

More Jobs at Schaeffler

More Finance & Insurance Jobs

Find similar Compensation & Benefits Professional jobs: