Retirement Benefits, Sr. Associate

New York Life•New York, NY

1d•$81,000 - $104,000•Hybrid

About The Position

Be part of a dynamic team shaping the future of talent at New York Life. As part of Human Resources, you'll contribute to a comprehensive strategy that attracts, develops and retains top talent. Whether it's identifying future leaders, crafting engaging learning experiences, enhancing offerings that support our people or fostering a workplace culture where everyone feels they belong, your work directly empowers individuals and fuels the company's growth. Join us and play a vital role in making New York Life an employer of choice for generations to come. Position Summary The Retirement Benefits Sr. Associate supports the administration and day-to-day operations of the Company's qualified and non-qualified retirement plans, including Defined Contribution, Defined Benefit, Cash Balance, and Deferred Compensation plans. Working under the direction of the DC, DB, and Benefits Operations Leads, this role assists with plan administration, reconciliations, funding activities, compliance reporting, and annual projects while ensuring accurate and timely processing of retirement plan transactions.

Requirements

Bachelor's degree or equivalent work experience preferred.
3-5 years of benefits or retirement plan administration experience.
Working knowledge of Defined Contribution, Defined Benefit, Cash Balance, and Deferred Compensation plans.
Strong analytical and reconciliation skills with attention to detail.
Strong Excel and data analysis skills, including the ability to reconcile, validate, and analyze large datasets
Strong written and verbal communication skills and the ability to manage multiple priorities.

Nice To Haves

Experience using AI tools (e.g., ChatGPT, Microsoft Copilot) to improve productivity, analyze data, or automate routine tasks is a plus.

Responsibilities

Support the day-to-day administration of Defined Contribution, Defined Benefit, Cash Balance, Pension, and Deferred Compensation plans.
Review and reconcile 401(k) payroll transmission files and assist with the timely funding of employee and employer contributions.
Process Deferred Compensation payment files through Empower and perform related reconciliations.
Assist with pension payroll funding activities with State Street Bank and validate funding transactions.
Review participant data used for defined benefit funding and accounting valuations and research discrepancies.
Support annual Cash Balance and Excess Cash Balance pay and interest credit processing by validating eligibility, credited service, FICA calculations and recordkeeper calculations.
Assist with monthly reconciliations, annual company contribution processing, and retirement plan accounting activities.
Support 401(k) administration: annual nondiscrimination testing, Form 5500 preparation, match projections, plan audits, compliance notices, and other regulatory reporting.
Prepare reports, research participant issues, and assist with special projects, systems testing and process improvements.