Compensation & Benefits Professional

Schaeffler; Fort Mill (SC); On-site; USD 70,000 - 90,000; Full time

Job summary

Schaeffler is seeking a qualified individual to oversee operational and compliance activities related to U.S. defined contribution retirement plans in Fort Mill, South Carolina. The ideal candidate will have a Bachelor's degree in a relevant field and 3-5 years of experience with complex 401(k) plans. Responsibilities include managing plan administration, compliance testing, and liaising with vendors and plan committees. Strong analytical skills and knowledge of ERP regulations required. Competitive salary and benefits offered.

Qualifications

• 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).
• Proven experience working with plan committees and senior stakeholders.

Responsibilities

• Oversee all operational, compliance, and governance activities related to retirement plans.
• Manage plan administration end-to-end, including eligibility, enrollments & contributions.
• Ensure compliance with all applicable laws and regulations, including ERISA, IRS, DOL.

Skills

Experience administering U.S. defined contribution retirement plans

Expertise with large, complex 401(k) plans

Knowledge of ERISA, IRS, DOL regulations

Analytical mindset

Detail-oriented

Education

Bachelor’s degree in Human Resources, Finance, Business, Accounting, or a related field

Tools

Benefits administration systems or recordkeeping platforms

Job description

Schaeffler is a dynamic global technology company and its success has been a result of its entrepreneurial spirit and long history of private ownership. Does that sound interesting to you? As a partner to all of the major automobile manufacturers, as well as key players in the aerospace and industrial sectors, we offer you many development opportunities.

Your Key Responsibilities

• 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 Qualifications

• 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 Qualifications

• 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.