Retirement Services Sr Analyst

Trane Technologies plc; United States; Hybrid; USD 33,000 - 101,000; Full time

Benefits offered by this job

Health insurance

401K match

Paid time off

Tuition assistance

Job summary

Trane Technologies plc is seeking a Retirement Services Senior Analyst to oversee administration of defined contribution and defined benefit plans. You will support annual valuations, audits, and day-to-day 401(k) and pension plan procedures, acting as SME in plan administration and compliance.

You will conduct research, implement process improvements, and provide project management support across plan design changes, payroll consolidations, and corporate actions.

Qualifications

• Bachelor’s degree or equivalent experience.
• Minimum of 5 years of relevant retirement plan administration experience.
• Strong knowledge of DC and DB retirement plan administration.
• Experience supporting 401(k) audits, non-discrimination testing, accrued benefits processes, and retirement distributions.
• Familiarity with PSW and Empower RPS systems.
• Ability to manage multiple priorities and support special projects.

Responsibilities

• Complete scheduled compliance activities including 401(k) audits and related processes.
• Audit calculations, funding, and payroll file reviews.
• Adhere to schedules to meet production targets and regulatory requirements.
• Serve as SME and PM for mergers, acquisitions, and other corporate actions.
• Respond to Form 5500 and auditor inquiries.
• Coordinate pension data file transmissions with third-party admins.

Skills

Analytical skills

Organizational skills

Communication skills

Project management

Escalation and issue resolution

Education

Bachelor’s degree or equivalent

Tools

PSW

Empower RPS

Job description

Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient climate solutions for buildings, homes and transportation, it's our responsibility to put the planet first. For us at Trane Technologies , and through our businesses including Trane® and Thermo King , sustainability is not just how we do business—it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you to consider joining us in boldly challenging what's possible for a sustainable world.

Learn about our benefits designed for you to Thrive at work and at home.

We boldly go.

Where is the work:
Monday to Thursday, work onsite with your colleagues. Fridays, choose your work location, balancing what your work requires.

We are a dynamic, diverse, and talented team that is passionate about our work and its impact on those we serve. We take great pride in providing excellent customer service and having fun while doing it. We work with subject matter experts and leaders across the enterprise, which helps us develop skills, gain knowledge, and solve problems across a wide range of topics, including HR, communications, financial acumen, change management, project management, and operational excellence.

The Retirement Services Senior Analyst is responsible for ensuring the effective, efficient, and accurate administration of Retirement Services plans through a comprehensive understanding of defined contribution (DC) and defined benefit (DB) plan designs. This role supports annual valuation and audit activities by providing requested information, responding to data inquiries, and overseeing day-to-day 401(k) and pension plan procedures.

Leveraging strong analytical, organizational, and communication skills, this position serves as a subject matter expert in plan administration, compliance, vendor management, reporting, and employee communication and education related to retirement benefits. In addition, the role conducts research and data analysis on various aspects of the plans, identifies and implements process improvements, and provides project management support.

Job Responsibilities

• Complete scheduled compliance activities, including 401(k) audits, NDT, accrued benefits, retirement notifications, suspension of benefit notices, mandatory retirement distributions, and related processes.
• Execute core business activities such as funding, auditing benefit calculations, and reviewing payroll files using systems such as PSW and Empower RPS.
• Adhere to operational schedules and perform processing activities to ensure production targets, service quality, and legal requirements are met.
• Serve as a subject matter expert and project manager for the implementation of mergers, acquisitions, and other corporate actions.
• Respond to Form 5500 and auditor inquiries.
• Partner with leadership to address compliance issues, plan interpretation, and legal requirements.
• Monitor and coordinate the transmittal of pension data files to third-party administrators, while partnering with the Data Integration team to ensure accurate and timely file delivery.
• Support all required audits conducted throughout the year.
• Collaborate with third-party suppliers to ensure plan and regulatory compliance, while overseeing the quality control of retirement calculations.
• Exercise sound judgment in determining when to escalated issues to maintain company compliance.
• Serve as a subject matter expert and project manager for implementing plan design changes, mergers, acquisitions, and other corporate actions, including payroll consolidations and union changes.
• Provide support for special projects and other escalated matters.
• Follow standard operating procedures (SOPs) and contribute to the development of future SOPs.

What You Will Bring

• Bachelor’s degree or equivalent experience
• Minimum of 5 years of relevant experience
• Strong knowledge of defined contribution (DC) and defined benefit (DB) retirement plan administration
• Experience supporting 401(k) audits, non-discrimination testing, accrued benefits processes, retirement notifications, suspension of benefit notices, and mandatory retirement distributions
• Experience with retirement plan funding, benefit calculation audits, and payroll file review
• Familiarity with systems such as PSW and Empower RPS
• Strong understanding of retirement plan compliance, legal requirements, and regulatory processes, including support for Form 5500 and audit inquiries
• Experience working with third-party administrators, suppliers, and cross-functional internal teams
• Ability to monitor and coordinate pension data file transmittals with accuracy and timeliness
• Strong analytical, organizational, and communication skills
• Ability to exercise sound judgment and escalation issues appropriately to maintain compliance
• Experience managing or supporting projects related to plan design changes, mergers, acquisitions, payroll consolidations, or union changes
• Ability to manage multiple priorities and support special projects and escalated matters
• Commitment to following standard operating procedures and contributing to process improvement

• Annual Base Salary Range or Hourly Base Pay Range: $56,300.00 - $101,394.99
• Compensation Type: Salary
• Incentive Eligible: No
• Sales Commission Eligible: No

Disclaimer : We strive to provide competitive compensation for this position, tailored to a variety of factors. The actual compensation will depend on elements such as seniority, merit, geographic location, education, experience, travel requirements, and union designation. Our compensation range is generally based on the national average for the country. Additionally, benefits may vary depending on the region, business alignment, union involvement, and employee status.

Thrive at work and at home:

• Benefits kick in on DAY ONE for you and your family, including health insurance and holistic wellness programs that include generous incentives – WE DARE TO CARE!
• Family building benefits include fertility coverage and adoption/surrogacy assistance.
• Paid time off includes up to 15 vacation days, paid holidays, sick leave, and additional options to support volunteer and parental leave.
• 401K match up, educational and training opportunities through company programs along with tuition assistance and student debt support.

Disclaimer: Benefit offerings may vary by site as well as Collective Bargaining Agreements and local/state regulations

Safety Sensitive Role: No

The company designates certain roles as Safety Sensitive. Safety Sensitive roles may require that you pass additional drug screening.

We offer competitive compensation and comprehensive benefits and programs. We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.