Compensation & Benefits Professional

Schaeffler

19h

About The Position

Schaeffler is a dynamic global technology company with a history of entrepreneurial spirit and private ownership. As a partner to major automobile manufacturers and key players in the aerospace and industrial sectors, Schaeffler offers numerous development opportunities. This role primarily focuses on overseeing the U.S. 401(k) Plan, including all operational, compliance, and governance activities. The position also provides support for international Defined Contribution Plans in Canada, Mexico, and South America, and assists with the ongoing administration of frozen defined benefit plans in the United States and Canada.

Requirements

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
Strong working knowledge of IRS and DOL regulations
Strong working knowledge of 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

Nice To Haves

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

Responsibilities

Oversee all operational, compliance, and governance activities for the U.S. 401(k) Plan
Manage plan administration end-to-end, including 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
Conduct annual compliance testing (ADP/ACP, top-heavy, coverage, nondiscrimination)
Coordinate Form 5500 preparation 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
Assist with fiduciary governance, documentation, and review of meeting minutes for the Retirement Committee
Support investment lineup monitoring and fee benchmarking for the Retirement Committee
Oversee plan amendments, vendor changes, and major initiatives such as plan redesigns, mergers and acquisitions, system conversions, and regulatory or legislative changes
Drive continuous improvement in plan operations, participant experience, and risk management
Coordinate with local HR, payroll, finance, and external vendors to ensure accurate administration and compliance with local regulations for international Defined Contribution Plans (Canada, Mexico and South America)
Assist with vendor oversight, data reviews, and operational issue resolution for international Defined Contribution Plans
Coordinate with actuaries, administrators, and auditors on annual valuations, funding requirements, regulatory filings, and participant inquiries related to frozen benefits for frozen defined benefit plans in the United States and Canada