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Compensation & Benefits Professional

Schaeffler AGFort Mill, SC

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Overview

Schedule
Full-time
Career level
Senior-level
Remote
On-site
Benefits
401k Matching/Retirement Savings

Job Description

Your Key Responsibilities

Primary responsilbiltity would be the U.S. 401(k) Plan:

  • Oversee all operational, compliance, and governance activities.

  • 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

  • Annual compliance testing (ADP/ACP, top-heavy, coverage, nondiscrimination)

  • Form 5500 preparation and coordination 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

  • Assisting with fiduciary governance, documentation, and review of meeting minutes

  • Supporting investment lineup monitoring and fee benchmarking

  • Oversee plan amendments, vendor changes, and major initiatives such as:

  • Plan redesigns

  • Mergers and acquisitions

  • System conversions

  • Regulatory or legislative changes

  • Drive continuous improvement in plan operations, participant experience, and risk management

  • Provide a support role for international Defined Contribution Plans (Canada, Mexico and South America), as needed

  • Coordinate with local HR, payroll, finance, and external vendors to ensure accurate administration and compliance with local regulations

  • Assist with vendor oversight, data reviews, and operational issue resolution

  • Support the ongoing administration of frozen defined benefit plans in the United States and Canada

  • Coordinate with actuaries, administrators, and auditors on:

  • Annual valuations

  • Funding requirements

  • Regulatory filings

  • Participant inquiries related to frozen benefits

Your Qualifications

Required:

  • 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; IRS and DOL regulations; 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

Preferred:

  • 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

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.

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FAQs About Compensation & Benefits Professional Jobs at Schaeffler AG

What is the work location for this position at Schaeffler AG?
This job at Schaeffler AG is located in Fort Mill, SC, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Schaeffler AG?
Employer has not shared pay details for this role.
What employment applies to this position at Schaeffler AG?
Schaeffler AG lists this role as a Full-time position.
What experience level is required for this role at Schaeffler AG?
Schaeffler AG is looking for a candidate with "Senior-level" experience level.
What benefits are offered by Schaeffler AG for this role?
Schaeffler AG offers 401k Matching/Retirement Savings for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Schaeffler AG?
You can apply for this role at Schaeffler AG either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.