# Human Resources Foundations Advisor, Retirement Benefits **Company**: Enabling Functions **Location**: Whippany, New Jersey **Experience**: senior **Job type**: full-time **Salary**: $91,200 to $136,800 **Category**: Human Resources **Industry**: Healthcare **Apply**: https://talent.bayer.com/careers/job/562949978795594?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply **Canonical**: https://yubhub.co/jobs/job_f1d6daf6-8a6 ## Description At Bayer, we believe work should matter. Every day, our teams push toward a future where 'Health for all, Hunger for none' is within reach, and every role, from the lab to the field to the boardroom, helps us get there. As a Human Resources Foundations Advisor, Retirement Benefits, you will support the accurate, compliant, and employee-focused administration of the organisation's Defined Contribution and Defined Benefit retirement plans. **Responsibilities:** - Manage day-to-day plan operations, research and resolve complex participant issues, monitor vendor performance and data interfaces, support audits and regulatory activities, and contribute to retirement plan projects and communications. - Support administration of qualified and non-qualified Defined Contribution plans, including 401(k) plan eligibility, enrollment, contributions, deferral changes, employer contributions, distributions, loans, beneficiary updates, and plan limits. - Monitor payroll and recordkeeper interfaces, research contribution discrepancies, and reconcile plan data, funding, participant activity, and vendor reports. - Respond to escalated employee, retiree, and beneficiary inquiries and explain plan provisions using plan documents, summary plan descriptions, administrative procedures, and vendor resources. - Support annual compliance testing, government filings, required participant notices, audits, and other recurring plan administration activities. - Coordinate with recordkeepers and internal partners on qualified domestic relations orders, required minimum distributions, death claims, corrections, and other complex transactions. - Support day-to-day administration of qualified and non-qualified Defined Benefit pension plans for active employees, terminated vested participants, retirees, and beneficiaries. - Coordinate pension estimates, retirement packages, benefit elections, payment commencement, lump-sum or annuity processing, death benefits, and other participant lifecycle events. - Review participant data, service history, compensation, eligibility, vesting, and benefit calculations for completeness and accuracy, and research historical records and resolve discrepancies. - Partner with actuaries, pension administrators, trustees, payroll, Finance, Legal, and other stakeholders to complete benefit calculations, funding and payment activities, and plan administration requirements. - Coordinate taxation and payroll reporting for non-qualified retirement benefits, including applicable FICA processing. - Research and resolve escalated pension inquiries, calculation questions, payment issues, and plan interpretation matters in a timely and service-oriented manner. - Support internal and external audits by gathering documentation, validating data, responding to inquiries, and tracking items through resolution. - Monitor retirement plan vendor service levels, transaction quality, open issues, and participant experience, and escalate risks and follow through on corrective actions. - Maintain accurate procedures, controls, issue logs, and documentation for retirement plan processes. **Requirements:** - Demonstrated knowledge of U.S. Defined Contribution and Defined Benefit plan administration, including eligibility, contributions, distributions, pension calculations, payment processing, and participant servicing. - Ability to interpret plan documents and administrative procedures, analyze complex data, identify discrepancies, and drive issues to accurate resolution. - Experience working with retirement recordkeepers, pension administrators, actuaries, payroll teams, auditors, and other internal and external partners. - Strong organisational skills, attention to detail, sound judgment, and ability to manage competing deadlines involving sensitive participant information. - Clear written and verbal communication skills with a strong customer focus and the ability to explain complex retirement topics in practical terms. **Preferred Qualifications:** - Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, or a related field. - Experience with Workday, SAP, ADP, retirement recordkeeping platforms, or pension administration systems. - Minimum of eight years of progressive experience administering retirement programs, with hands-on experience supporting Defined Contribution and Defined Benefit plans. **Benefits:** - Salary between $91,200 to $136,800. - Additional compensation may include a bonus or commission. - Health care, vision, dental, retirement, PTO, sick leave, etc. ## Skills ### Required - Defined Contribution plan administration - Defined Benefit plan administration - retirement recordkeeping - pension administration - actuarial science - payroll processing - auditing - regulatory compliance - communication skills - analytical skills - organisational skills ### Nice to have - Workday - SAP - ADP - retirement recordkeeping platforms - pension administration systems --- Source: [Apply at talent.bayer.com](https://talent.bayer.com/careers/job/562949978795594?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)