Lam Research

U.S. Financial Benefits Program Manager

Lam Research$86K — $202K *
US-AnywhereRemote in Colorado Springs, CO
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Human Resources, Business, or a related field or equivalent experience.
  • 12+ years of relevant benefits experience; global benefits experience preferred.
  • Strong program and vendor management experience.
  • Project management and cross-functional collaboration skills.
  • In-depth knowledge of regulatory landscape including ERISA and IRS laws.
  • Advanced proficiency in Microsoft Excel, PowerPoint, and Word.
  • Proficient with HRIS and payroll concepts.

Responsibilities

  • Manage day-to-day operations for U.S. Retirement Benefit Programs.
  • Actively manage vendor partners and oversee funding reconciliation.
  • Conduct regular audits and identify process improvement opportunities.
  • Manage compliance including annual audits and required notices.
  • Organize and prepare for quarterly 401(k) committee meetings.
  • Provide ongoing support for employee stock purchase and Open Enrollment communications.
  • Draft and implement employee communications and educational presentations.

Benefits

  • Comprehensive set of outstanding benefits throughout various life phases.
Full Job Description
The impact you'll make

Lam Research is currently hiring for the position of U.S. Financial Benefits Program Manager as part of our world-class Global Benefits team. This role will be responsible for managing and administering U.S. retirement plans, including 401(k), Non-qualified Deferred Comp, Employee Stock Purchase, and Retiree Health Benefits, managing vendor partner relationships, and improving operational solutions to enhance employee engagement with benefit programs, with a strong emphasis on compliance. The position reports to the Sr. Manager, Benefits and is a peer to three other Benefits Program Managers with specialized functional benefits expertise.

What you'll do

  • Manage day-to-day operations for U.S. Retirement Benefit Programs, including 401(k), Deferred Comp, Employee Stock Purchase, and Retiree Health within multiple systems.
  • Actively manage vendor partners.
    • Oversee funding and reconciliation between payroll systems and recordkeepers.
    • Act as an intermediary for file feed support and escalations.
    • Provide training and guidance to the help desk; respond to Tier 2 inquiries.
  • Conduct regular audits and identify issues and opportunities for streamlined processes and enhanced education.
  • Manage all aspects of compliance, including overseeing the annual 401(k) audit, non-discrimination testing, SOC 1 reporting, and 5500s.
  • Keep up to date on DOL and IRS regulatory compliance and execute annual required notices.
  • Organize quarterly 401(k) committee meetings, including preparing the agenda, gathering materials, actively updating the committee, and taking minutes.
  • Provide ongoing support for the employee stock purchase program, as well as communication support for Open Enrollment.
  • Draft and implement effective employee communications, benefit collateral, and educational presentations.
  • Manage Open Enrollment for retiree health and welfare benefits.
  • Manage ongoing vendor relationships, including program analysis and strategic recommendations.
  • Act as project manager for major benefit projects (i.e., program and system implementations and upgrades).
  • Identify opportunities to improve existing and sustainable processes to enhance the employee and administrative experience.
  • Establish strong cross-functional partnerships with HR Shared Services, HRBPs, Legal, Payroll, and Finance.


Who we're looking for

  • Bachelor's degree in Human Resources, Business, or a related field, or equivalent experience/training, with a minimum of 12+ years of related experience; or 8 years with a master's degree; or a PhD with 5 years of experience.
  • 12+ years of relevant benefits experience; global benefits experience (especially in Asia) is a big plus.
  • Strong program and vendor management experience.
  • Experience with project management and cross-functional work.
  • Strong and current knowledge of the regulatory landscape, including ERISA, 409A, IRS, and other federal and state employment laws.
  • Extensive advanced experience with Microsoft Excel, PowerPoint, and Word.
  • Proficiency with HRIS and understanding of payroll concepts.
  • Proficiency with AI tools.
  • Strong negotiation skills; can reach appropriate resolution in many varied situations.


Salary

Salary Range for this position: $86,000.00 - $202,000.00.

The above salary range for this position is relevant to applicants that reside in California and most states. Salary offers will depend on factors that include the location you work from, your level, education, training, specific skills, years of experience and comparison to other employees already in this role. Actual salary may vary from salary offered due to numerous factors including but not limited to unpaid time off, unpaid leave, company mandated shutdown, and other relevant factors.

Our Perks and Benefits

At Lam, our people make amazing things possible. That's why we invest in you throughout the phases of your life with a comprehensive set of outstanding benefits.

About Lam Research

Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuits. The Company’s etch and clean technologies enable customers to build integrated circuits. Its etch systems shape the microscopic conductive and dielectric layers into circuits that define a chip’s final use and function. Its Customer Support Business Group (CSBG) provides products and services to maximize installed equipment performance and operational efficiency. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make DRAM, NAND, and logic devices for these products.

Lam Research Careers

Joining Lam Research offers a unique opportunity to enhance your career at a leading global company at the forefront of innovation and technology in the semiconductor industry. Work You’ll Do At Lam Research, we are committed to advancing the technology landscape through continuous innovation and leadership. Our team of professionals is dedicated to pushing the boundaries of what's possible, making us a pivotal player in the semiconductor industry. By joining our team, you will collaborate with some of the brightest minds in the field, contributing to projects that significantly impact future technology. Transform Your Career Lam Research stands at the intersection of technology, innovation, and leadership. We offer job opportunities that challenge you to excel and push your limits. Our culture fosters growth and embraces diversity, ensuring that every team member can thrive professionally and personally. Join our dynamic team and be part of a company known for its groundbreaking work in developing equipment and services that drive the production of virtually every leading-edge chip in the world. Professional Growth and Development We believe in nurturing the professional growth of our employees by providing ample opportunities for career advancement through leadership and diversity training programs. Our commitment to your career is reflected in our robust benefits package, designed to support you and your family’s health, well-being, and financial future. Internship and Employment Opportunities Start your career path at Lam Research with our internship programs, which offer a hands-on experience in the semiconductor industry. Interns work closely with experienced mentors, gaining invaluable skills and knowledge that prepare them for full-time positions within our company. For seasoned professionals, we offer a variety of positions that leverage your skills to contribute to our mission of continuous improvement and innovation. We are always looking for curious, creative, and driven individuals to join our team. Inclusive Culture and Networking Lam Research is dedicated to creating a diverse and inclusive environment where all employees can thrive. Our culture encourages networking and collaboration, allowing you to connect with colleagues and industry leaders who are as passionate about technology and innovation as you are. Applying at Lam Research Ready to take the next step in your career? Explore the job opportunities at Lam Research by visiting our Careers page. Tailor your resume to highlight your relevant experience and skills, and prepare for an interview that could lead to a multitude of rewarding career paths with us. Stay Connected Keep up to date with the latest company news, employment trends, and career tips by joining our community. Subscribe to receive updates that can help you navigate your professional journey at Lam Research. Join Our Team Search open positions that match your skills and interests. We look for passionate, innovative, and solution-driven team players. Start your journey with Lam Research today, where your work isn’t just a job—it’s a pathway to personal and professional fulfillment. SEARCH LAM RESEARCH JOBS Discover the opportunities waiting for you at Lam Research, where we turn today’s innovations into tomorrow’s technologies.
Learn more about Lam Research
Size
14,100 employees
Market Cap
$54.8 billion
Industry
Net Income
$2.9 billion
Founded
2013
5 Year Trend
+16.5%
Revenue
$11.9 billion
NASDAQ

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