Job Description
Job Title: Benefits Analyst III
Location: Newport Beach, CA, 92660
Duration: 6 months contract (Good Possibilities of extension)
Job Description:
How you will make an impact:
- Lead the administration and analysis of retirement plan benefits, including compliance with plan documents and regulations for the 401(k), Deferred Compensation Plan (DCP), and Supplemental Executive Retirement Plan (SERP).
- Monitor retirement plan vendors to ensure that performance aligns with agreed upon scope and service levels.
- Contribute to the annual budget process by forecasting retirement plan expenses and tracking budget vs. actual costs.
- Oversee and administer a variety of ancillary benefits programs such as the financial wellbeing program and other related offerings as needed.
- Provide input for the development of communication tools to boost employee comprehension of our retirement benefit offerings.
- Ensure plans are operating in compliance with plan documents and all applicable laws or regulations.
- Manage DCP annual enrollment event and annual and ad-hoc NQ distributions
- Complete benefits compliance activities, such as 401k annual audit, reconciling and filing required forms (e.g. Form 5500/8955-SSA), conducting non-discrimination testing, updating and distributing plan documents and required disclosures.
- Coordinate retirement plan Investment Committee meetings by scheduling meetings, establishing agenda, preparing meeting materials, reviewing notes, and ensuring compliance with Committee guidelines.
- Using best practices and knowledge of industry and business/customer needs, provide analysis, make recommendations, and support implementation of changes or enhancements to retirement benefit programs.
- Resolve escalated benefits inquiries from employees, retirees, and other HR stakeholders, ensuring timely and satisfactory resolution of each issue.
- Manage actuarial valuation data requests by working with external consultants and Finance team
- Collaborating with clients, advisors, auditors, and other service providers
- Resolve retirement plan (401(k), DCP, SERP) corrections as necessary
- Staying current on retirement plan regulations through continuing education and research
- Participating in internal process improvement initiatives and team projects
- Support additional ad-hoc benefits projects as they emerge.
The experience you will bring:
- Bachelor’s degree in business administration, Human Resources, or a related field
- 5+ years of experience in benefits or relevant professional experience
- Strong analytical skills that drive data-driven decisions and comprehensive problem-solving
- Excellent vendor management and communication skills
- Strong attention to detail and highly organized, with ability to multi-task, meet deadlines and effectively prioritize work
- Proficiency in Microsoft Office suite, especially Excel, ensuring streamlined data management and analysis
- Understanding of benefits, general HR processes, regulations, and compliance
- Hands-on experience with platforms like Workday or similar HRIS systems
Job Tags
Contract work, Work at office,