Job Details

Senior Benefits Analyst, Retirement Plans

Location; Newport Beach, CA

JOB DESCRIPTION

s the Senior Benefits Analyst, Retirement Plans, you'll play a key role in our client's growth and long-term success by providing operational and analytical support for the administration of retirement benefits.

The ideal candidate is highly skilled, self-driven, and capable of leading initiatives independently while contributing to the overall success of the retirement programs.

• Lead the administration and analysis of retirement plan benefits, including compliance with plan documents and regulations for the 401(k), Deferred Compensation Plan (DCP), and Supplemental Executive Retirement Plan (SERP).
• Monitor retirement plan vendors to ensure that performance aligns with agreed upon scope and service levels.
• Contribute to the annual budget process by forecasting retirement plan expenses and tracking budget vs. actual costs.
• Oversee and administer a variety of ancillary benefits programs such as the financial wellbeing program and other related offerings as needed.
• Provide input for the development of communication tools to boost employee comprehension of our retirement benefit offerings.
• Ensure plans are operating in compliance with plan documents and all applicable laws or regulations.
• Manage DCP annual enrollment event and annual and ad-hoc NQ distributions.
• Complete benefits compliance activities, such as 401k annual audit, reconciling and filing required forms (e.g. Form 5500/8955-SSA), conducting non-discrimination testing, updating and distributing plan documents and required disclosures.
• Coordinate retirement plan Investment Committee meetings by scheduling meetings, establishing agenda, preparing meeting materials, reviewing notes, and ensuring compliance with Committee guidelines.
• Using best practices and knowledge of industry and business / customer needs, provide analysis, make recommendations, and support implementation of changes or enhancements to retirement benefit programs.
• Resolve escalated benefits inquiries from employees, retirees, and other HR stakeholders, ensuring timely and satisfactory resolution of each issue.
• Manage actuarial valuation data requests by working with external consultants and Finance team.
• Collaborate with clients, advisors, auditors, and other service providers.
• Resolve retirement plan (401(k), DCP, SERP) corrections as necessary.
• Stay current on retirement plan regulations through continuing education and research.
• Participate in internal process improvement initiatives and team projects.
• Support additional ad-hoc benefits projects as they emerge.

QUALIFICATIONS

• Bachelor's degree in business administration, Human Resources, or a related field.
• 5+ years of experience in benefits or relevant professional experience.
• Strong analytical skills that drive data-driven decisions and comprehensive problem-solving.
• Excellent vendor management and communication skills.
• Strong attention to detail and highly organized, with ability to multi-task, meet deadlines and effectively prioritize work.
• Proficiency in Microsoft Office suite, especially Excel, ensuring streamlined data management and analysis.
• Understanding of benefits, general HR processes, regulations, and compliance.
• Hands-on experience with platforms like Workday or similar HRIS systems.

Platinum Resource Group is a professional level consulting firm, providing resources to Fortune 1000 client companies in the areas of technology, human resources, accounting, finance, business systems and supply chain, on a contract and interim basis. PRG has operations in Orange County, San Diego, Los Angeles, and San Francisco. As a W-2 employer we offer our consultants direct deposit bi-weekly payroll, health, dental, vision benefits, and referral bonuses.