Retirement Services Sr Analyst

Trane Technologies • Davidson, NC

5d • Hybrid

About The Position

The Retirement Services Senior Analyst ensures effective, efficient, and accurate administration of defined contribution (DC) and defined benefit (DB) retirement plans. The role supports annual valuation and audit activities, responds to data inquiries, and oversees day-to-day 401(k) and pension plan procedures. It serves as a subject matter expert in plan administration, compliance, vendor management, reporting, and employee communication and education related to retirement benefits. The position also conducts research and data analysis, identifies and implements process improvements, and provides project management support.

The role works onsite Monday through Thursday, with flexibility to choose the work location on Fridays based on work requirements. The analyst collaborates with subject matter experts, leaders, suppliers, and internal teams across the enterprise to provide service, address compliance matters, and support retirement-plan operations and projects.

Requirements

• Bachelor’s degree or equivalent experience.
• At least 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 accurately and on time.
• Strong analytical, organizational, and communication skills.
• Ability to exercise sound judgment and escalate issues appropriately to maintain compliance.
• Experience managing or supporting projects involving 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.

Responsibilities

• Complete scheduled compliance activities, including 401(k) audits, non-discrimination testing (NDT), accrued benefits, retirement notifications, suspension of benefit notices, and mandatory retirement distributions.
• Execute core business activities, including 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 meet production targets, service-quality standards, and legal requirements.
• Serve as a subject matter expert and project manager for implementation of mergers, acquisitions, plan design changes, and other corporate actions, including payroll consolidations and union changes.
• Respond to Form 5500 and auditor inquiries.
• Partner with leadership to address compliance issues, plan interpretation, and legal requirements.
• Monitor and coordinate pension data-file transmittals to third-party administrators, partnering with the Data Integration team to ensure accurate and timely delivery.
• Support required audits conducted throughout the year.
• Collaborate with third-party suppliers to ensure plan and regulatory compliance and oversee quality control of retirement calculations.
• Exercise sound judgment and escalate issues when appropriate to maintain company compliance.
• Provide support for special projects and escalated matters.
• Follow standard operating procedures (SOPs) and contribute to developing future SOPs.

Benefits

• Health insurance for the employee and family, effective day one.
• Holistic wellness programs with incentives.
• Fertility coverage and adoption/surrogacy assistance.
• Up to 15 vacation days, paid holidays, sick leave, and additional options to support volunteer and parental leave.
• 401(k) match.
• Educational and training opportunities through company programs.
• Tuition assistance and student debt support.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior