Benefits Specialist - 401K

Subaru•Lafayette, IN

About The Position

The Benefits Specialist is accountable for the benefit management system, administration of the SIA Retirement 401(k) plan, planning and creating appropriate benefits communications, and assisting with benefits strategies. Additionally, the Benefits Specialist monitors, analyzes, and makes recommendations using data, including financial data, regarding current benefit programs, new and evolving benefits legislation, and benefits/retirement trends.

Requirements

Associate’s degree in Human Resources Management, Business Administration or similar required
3-5 years of relevant HR experience

Nice To Haves

Bachelor's degree
A minimum of 4 or more years of Benefits and/or HR related experience
SHRM-CP, PHR, Certified Benefits Professional (CBP) certification
Project management experience

Responsibilities

Acts as a liaison between the company and various carriers, 401(k) vendor, and third-party administrators
Reviews vendor invoices, resolving disputes, and reporting on fees and costs
Analyzes medical and pharmacy claims data to report weekly claims trends, catastrophic claims, and reports out to management
Evaluates existing benefits programs and proposes changes
Performs audits to ensure benefits program and 401(k) plan accuracy
Explains Associate benefits by conducting meetings and responding to requests
Provides management planning and control information by collecting, analyzing, and summarizing Associate benefit data and trends
Develops and implements effective benefit and retirement communication strategies for each calendar year
Maintains Associate confidence by keeping benefit information confidential
Assists with benefits questions from Associates and their families. Facilitates retiree meetings
Main point of contact for 401(k) retirement, medical, prescription, dental and vision plans
Manages 401(k) eligibility, enrollment, deposits, and funding process
Performs other related duties as assigned.