Retirement Benefits Expert

ABB; MacGregor Park (NC); Híbrido; USD 110 000 - 140 000; Tempo integral

Vantagens oferecidas por esta oferta de emprego

Health, Life & Disability

401k Savings Plan with Company Contrib

ESAP (Employee Stock Acquisition Plan)

Resumo da oferta

ABB in Cary, NC is seeking a Retirement Benefits Expert to lead and optimize retirement plan administration, governance, and communications. You will collaborate with Payroll, Finance, Legal, and external administrators to ensure compliant, accurate retirement operations.

Required is a Bachelor's degree with 8+ years in retirement benefits administration, including DC, DB, and NQDC plans, plus ERISA and 5500 knowledge. Hybrid work is available from the Cary office.

Qualificações

• Bachelor’s degree in HR, Finance, Accounting, Business, or related field.
• 8+ years of retirement benefits administration experience.
• Expertise in defined contribution, defined benefit, and nonqualified plans.
• Knowledge of ERISA, SPD, 5500 reporting, and 409A requirements.

Responsabilidades

• Administer eligibility and participation for retirement plans.
• Audit eligibility data and resolve discrepancies.
• Monitor deferral elections and employer matching contributions.
• Support ERISA compliance reviews and Form 5500 preparation.
• Coordinate retirement communications and education content.

Conhecimentos

Critical thinking

Project leadership

Analytical skills

Customer focus

Formação académica

Bachelor's degree in HR, Finance, Accounting, Business, or related field

Ferramentas

Workday

Microsoft Excel

Descrição da oferta de emprego

At ABB, we help industries run leaner and cleaner—and every person here makes that happen. You’ll be empowered to lead, supported to grow, and proud of the impact we create together. Join us and help run what runs the world.This position reports to:Manager, Retirement__ABB is searching for a talented Retirement Benefits professional to join a business and strategy focused team!The Retirement Benefits Expert serves as a subject matter expert for retirement plan operations and works closely with ABB's Retirement Benefits Manager, Head of Benefits Operations, Payroll, Finance, Legal, HRIS, external recordkeepers, actuaries, trustees, and third-party administrators.This position is responsible for the administration, analysis, compliance, and operational support of the organization's retirement programs, including Defined Contribution (401(k)), Defined Benefit Pension, and Nonqualified Deferred Compensation (NQDC) plans. This role supports retirement plan governance, participant experience, regulatory compliance, funding activities, vendor management, and retirement communications while ensuring accurate plan administration and operational excellence.Candidates for this position must be able to work a hybrid schedule out of our Cary, NC office location. #LI-HybridYou will be mainly accountable for:Eligibility Administration: Administer retirement plan eligibility and participation requirements. Audit eligibility data and resolve discrepancies.Contribution Management: Monitor employee deferral elections and employer matching contributions. Validate contribution files and payroll interfaces. Perform and confirm payroll-to-recordkeeper reconciliations. Research errors, determine error resolution, and coordinate with payroll. Administer executive deferred compensation elections and tracking.Compliance & Governance: Support ERISA compliance reviews, nondiscrimination testing, Form 5500 preparation, participant notices, and Section 409A compliance. Serve as subject matter expert for retirement plan documents and SPDs, including detailed understanding of plan language, maintenance of plan documents and amendments, and maintaining historical files for plan notices, SARs, etc. Maintain compliance calendars and support audits. Perform system testing for updated configuration required for plan changes and compliance (e.g., SECURE 2.0).Defined Benefit Funding & Pension Administration: Monitor frequency and outcomes of death audits and address audit findings. Maintain understanding of historical pension files and research requests from former employees and retirees. Coordinate actuarial census data submissions. Support annual actuarial valuations and pension funding activities. Assist with pension liability reporting and trust administration.Retirement Communications: Coordinate 401(k) retirement communications and campaigns with the recordkeeper and promote through internal communication channels. Coordinate the annual nonqualified deferred compensation enrollment period. Coordinate quarterly maintenance of retirement content on ABB's internal benefits portal. Create participant education content and financial wellness messaging. Create and update presentations for onboarding newly acquired companies. Track communication effectiveness and engagement metrics.Qualifications for the role:Bachelor's degree in HR, Finance, Accounting, Business, or related field.8+ years of retirement benefits administration experience.In-depth knowledge of retirement plans (defined contribution, defined benefit, and nonqualified plans); DC plans and NQDC plans required; DB plans preferred.Understanding of benefit laws and regulations: ERISA, SPD, filing, testing, reporting, and notice requirements.Proficiency with Microsoft Office Excel and other MS Office applications.Experience with Workday preferred.Critical thinking skills to investigate and resolve issues.Results oriented with the ability to handle multiple tasks, shifting priorities, and meet tight deadlines.Ability to work independently and in a collaborative team environment.Ability to lead projects and collaborate with internal and external partners to meet deadlines.Demonstrated presentation skills.Prior experience with a Human Resources Information System required.Must maintain confidential information discreetly and protect employee privacy.Highly ethical, flexible, inquisitive, and logical.Strong customer focus.Candidates must already possess authorization to work for ABB in the US.What's in it for you:We empower you to take the lead, share bold ideas, and shape real outcomes. You’ll grow through hands-on experience, mentorship, and learning that fits your goals. Here, your work doesn’t just matter, it moves things forwardABB is an Equal Employment Opportunity and Affirmative Action employer for protected Veterans and Individuals with Disabilities at ABB.All qualified applicants will receive consideration for employment without regard to their- sex (gender identity, gender expression, sexual orientation), marital status, citizenship, age, race and ethnicity, inclusive of traits historically associated with race or ethnicity, including but not limited to hair texture and protective hairstyles, color, religious creed, national origin, pregnancy, physical or mental disability, genetic information, protected Veteran status, or any other characteristic protected by federal and state law.For more information regarding your (EEO) rights as an applicant, please visit the following websites: https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdfAs an Equal Employment Opportunity and Affirmative Action Employer for Protected Veterans and Individuals with Disabilities, applicants may request to review the plan of a particular ABB facility between the hours of 9:00 A.M. - 5:00 P.M. EST Monday through Friday by contacting an ABB HR Representative at 1-888-694-7762.Protected Veterans and Individuals with Disabilities may request a reasonable accommodation if you are unable or limited in your ability to use or access ABB's career site as a result of your disability. You may request reasonable accommodations by calling an ABB HR Representative at 1-888-694-7762 or by sending an email to [e-mail]. Resumes and applications will not be accepted in this manner.ABB Benefit Summary for eligible US employees[excludes ABB E-mobility, Athens union, Puerto Rico]Go to MyBenefitsABB.com and click on “Candidate/Guest” to learn moreHealth, Life & DisabilityChoice between two medical plan options: A PPO plan called the Copay Plan OR a High Deductible Health Plan (with a Health Savings Account) called the High Deductible Plan.Choice between two dental plan options: Core and Core PlusVision benefitCompany paid life insurance (2X base pay)Company paid AD&D (1X base pay)Voluntary life and AD&D – 100% employee paid up to maximumsShort Term Disability – up to 26 weeks – Company paidLong Term Disability – 60% of pay – Company paid. Ability to “buy-up” to 66 2/3% of pay.Supplemental benefits – 100% employee paid (Accident insurance, hospital indemnity, critical illness, pet insurancePaid Parental LeaveEmployee Assistance ProgramHealth Advocate support resources for mental/behavioral health, general health navigation and virtual health, and infertility/adoptionEmployee discount programRetirement401k Savings Plan with Company ContributionsEmployee Stock Acquisition Plan (ESAP)Time offABB provides 11 paid holidays. Salaried exempt positions are provided vacation under a permissive time away policy.Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative. That's why we welcome people from all backgrounds and experiences.Ready to make an impact?Apply today or visit https://www.abb.com to learn more about the impact of our solutions across the globe.