Compensation & Benefits Professional

Schaeffler Technologies AG & Co. KG; Fort Mill (SC); On-site; USD 70,000 - 100,000; Full time

Job summary

Schaeffler Technologies AG & Co. KG seeks a U.S. 401(k) Plan Administrator in Fort Mill, SC. This role involves overseeing operational, compliance, and governance activities of the 401(k) Plan, managing audits, and acting as a resource for payroll and vendor testing. The ideal candidate will have a Bachelor's degree in a relevant field and 3-5 years of experience with complex retirement plans, including compliance testing and Form 5500 filings. Join a dynamic company committed to development opportunities and team collaboration.

Qualifications

• 3-5 years of progressive experience administering U.S. defined contribution retirement plans.
• Proven experience working with plan committees and senior stakeholders.
• Demonstrated ability to manage multiple vendors and complex initiatives.

Responsibilities

• Oversee all operational, compliance, and governance activities for the U.S. 401(k) Plan.
• Perform routine audits and act as a key resource in HRS/payroll and vendor testing.
• Support the ongoing administration of frozen defined benefit plans in the U.S. and Canada.

Skills

Analytical mindset with strong attention to detail

Experience with benefits administration systems or recordkeeping platforms

Deep hands-on expertise with large, complex 401(k) plans

Strong working knowledge of ERISA

Compliance testing and Form 5500 filings

Education

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

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

Primary responsibility would be the U.S. 401(k) Plan:

• Oversee all operational, compliance, and governance activities
• 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.