Compensation & Benefits Analyst

Job Title Compensation & Benefits Analyst

Department HR

Location Novi, MI

Terms Direct Hire / FTE / 100% On-site

Job Description

The Benefits Analyst will play a key role in the development, implementation, and administration of employee benefits programs & 401 (K) plans, including health and welfare, retirement, and wellness initiatives. This position will ensure that all benefits offerings are competitive, compliant, and aligned with the company's objectives and employee needs.

Primary Responsibilities

Administer and manage day-to-day operations of group benefits programs (e.g., health, dental, vision, life insurance, disability).

Ensure all benefit Compliance (medical, dental, vision, life, 401(k), etc.) comply with U.S. federal and state regulations, including ERISA, ACA, HIPAA, and COBRA.

Lead annual benefits renewal process, including vendor coordination and market benchmarking to ensure competitive, cost-effective offerings.

Serve as a point of contact for employee benefit inquiries, providing guidance and resolving issues in a timely and professional manner.

Collaborate with HR, payroll, and external vendors to ensure accurate and timely processing of benefit enrollments, changes, and terminations.

Assist in benefits communication efforts including open enrollment, new hire onboarding, and plan changes.

401(k) Administration – Key Responsibilities

• Administer 401K plans centrally for multiple plans in the US.
• Ensure compliance with plan rules, IRS, and DOL regulations
• Coordinate with vendor/recordkeeper for plan operations and issue resolution
• Support employees with 401(k) inquiries, loans, distributions, and enrollment
• Assist with audits and annual testing (e.g., nondiscrimination tests, 5500 filing)
• Maintain accurate employee data related to plan eligibility and participation
• Knowledge of regional benefit program design, management and communications in U.S.
• Support L&D and Performance management initiatives from Global HR Team
• Support Talent management process for Americas Region
  
  

Years Of Experience

• 3-5 years of experience in employee benefits administration
  
  

Degree Preferred

• Bachelor's degree in Business, Human Resources or related field; Master's degree preferred
  
  

Required Competencies, Experience, & Qualifications

• USA benefits Administration (medical, dental, vision, life, etc.)
• 401(K) Administration
• Strong strategic, analytic, problem-solving and organizational skills
• Expert Excel skills
• Strong interpersonal and communication skills
• Understands and accounts for regional and cultural differences.
• High-energy with a strong work ethic, sense of urgency and high expectations for performance
  
  

Special Requirements (i.e. Overtime, Travel, Etc.)

Some domestic and international travel is possible to other technical centers, conference, training classes or customer meetings.