HR Benefits Analyst 401K Retirement Plans

American Airlines Group • Irving, TX

235d

About The Position

The Retirement Benefits Analyst will support the HR team with the administration of various Envoy's 401(k) defined contribution plan. The Retirement Benefits Analyst will support Envoy's retirement plan processes & initiatives and will also work with a variety of partners including HRIS teams and payroll/benefits/401k vendors to ensure administration of plans are carried out in accordance with DOL and ERISA regulations.

Requirements

• Bachelor's degree in Business Administration, Human Resource Management, or related field with 3+ years of related experience preferred.
• Intermediate to advanced level proficiency with MS Office Excel and PowerPoint, including the ability to create pivot tables, vlookups, write conditional formulas, and create charts & graphs to summarize data.
• Analytical and technical ability to create & manipulate spreadsheets involving large data sets and complex matching formulas.
• Working knowledge of 401(k) plan design and administration preferred, with overall understanding of payroll file interfaces, deductions, matching calculations, reporting, and reconciling.
• Basic knowledge of rules and regulations (DOL, ERISA, USERRA, etc.) as they apply to retirement plans and the ability to apply that knowledge to plan administration and compliance enforcement.
• Teamwork skills to build strong relationships with peers, payroll specialists, and outsourced benefits administrators.
• Excellent customer service skills.
• Strong organizational, time management and prioritization abilities.
• Competent in a variety of communication skills (interpersonal, formal presentation, and conflict resolution) and ability to communicate complex ideas effectively verbally and in writing.
• Ability to focus on details and demonstrate accuracy.
• Ability to maintain and adhere to a high level of confidentiality.
• Must possess at least one form of TSA-acceptable identification for business travel purposes.

Responsibilities

• Audit participants' 401(k) match and perform true-up calculations by reviewing ADP payroll deduction reports for accuracy each pay period.
• Reviews and analyzes HRIS data files.
• Coordinates the correction of data errors for employee records that may impact the administration of the 401(k) plan.
• Investigate and resolve escalated issues from plan participants by performing research to determine root cause and collaborating with vendors to deliver prompt and effective customer service.
• Oversee and review 401(k) loan activities, ensuring compliance and managing the loan default process.
• Performs detailed audits & reconciliations of various participant eligibility, enrollment, and census data from various sources.
• Lead and execute retirement compliance requirements, including annual ERISA plan audits, annual government disclosures/filings, Summary Plan Description, and non-discrimination testing.
• May perform ad hoc duties as needed to support the Compensation & Benefits team.

Benefits

• Amazing employee flight privileges within the American Airlines global network.
• Training and development programs to take your career to the next level.
• Comprehensive health and life benefits (subject to location).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Air Transportation
• Education Level: Bachelor's degree