Retirement Benefits Analyst (401(k)/409A)

Sunbelt Rentals, Inc.; Fort Mill (SC); On-site; USD 65,000 - 89,000; Full time

Benefits offered by this job

Health, Dental and Vision plans

401(k) Match

Volunteer time off

Disability insurance

Tuition Reimbursement Options

Employee Assistance Program (EAP)

Length of Service Awards

Job summary

Sunbelt Rentals, Inc. is seeking a Retirement Benefits Administrator to manage 401(k) and 409(A) processes, audits, and reporting. You will collaborate with payroll and HRIS teams, improve plan administration, and ensure confidentiality of employee data.

Qualifications include a Bachelor’s degree in HR or related field with 3+ years in benefits administration and experience with Workday. Strong communication and multitasking skills are essential in a fast-paced environment.

Qualifications

• Bachelor’s degree in human resources or related field or equivalent work experience plus 3 years of direct Benefits administration experience.
• Ability to understand Sunbelt Rentals’ culture and leverage that as a positive means of achieving objectives.
• Ability to work independently and effectively prioritize work and manage deadlines.
• Ability to multitask successfully.
• Strong follow-through skills and ability to resolve issues in a fast-paced environment.
• Excellent verbal and written communication skills, organizational and planning skills, including demonstrated ability to problem solve, communicate effectively, and handle multiple tasks simultaneously.
• Maintain highly confidential employee information and files.
• Experience with Workday.

Responsibilities

• Processes, calculates, and submits 401(k) and 409(A) funding to plan administrator working with, payroll, and HRIS teams as needed.
• Analyzes and researches retirement financial and indicative file error.
• Serves as a liaison between participants, beneficiaries and the plan administrator as needed.
• Manages applicable contribution adjustments, refunds, and other administrative changes for the retirement plans.
• Explains retirement benefit plan policies, procedures, and legal requirements to team members and beneficiaries.
• Addresses elevated team member issues related to 401(k) and 409(A) retirement plans.
• Processes and reconciles 401(k) recordkeeper invoices timely and accurately.
• Performs ongoing and ad hoc reporting and auditing utilizing retirement recordkeeping platform and company HRIS system.
• Assists with the 401(k) audits, identifies improvement opportunities, and presents detailed action plans for resolutions to Manager.
• Responsible for testing plan changes and any annual bonus files.
• Attends ongoing retirement plan meetings, reviews and enhances standard processes, and ensures accurate set-up and maintenance of team member records within HRIS and recordkeeping systems, including team members covered by a Collective Bargaining Agreement.
• Assists with the annual 409 (A) Open Enrollment and ensures the yearly elections are updated in the HRIS system accurately.
• Processes permissible withdrawal forms, as needed.
• Performs additional compliance items, as provided by Manager.
• Performs other duties as assigned.

Skills

Benefits administration

Workday

HRIS

Analytical skills

Communication skills

Multitasking

Education

Bachelor's degree in HR or related field

Tools

Workday

Job description

Sunbelt Rentals, Inc. is seeking a Retirement Benefits Administrator to manage 401(k) and 409(A) processes, audits, and reporting. You will collaborate with payroll and HRIS teams, improve plan administration, and ensure confidentiality of employee data.

Qualifications include a Bachelor’s degree in HR or related field with 3+ years in benefits administration and experience with Workday. Strong communication and multitasking skills are essential in a fast-paced environment.