Corporate Benefits Senior Analyst Retirement Plans - PVH Corp.

Profile

The Corporate Benefits Senior Analyst – Retirement Plans is responsible for ensuring overall compliance and funding activities for the Company’s 401(k) plans and the non-qualified Savings and Pension Plans, as well as daily administration of the commuter benefit program and group auto and home insurance plan. This position will also assist as necessary with the daily administration of the Company’s retirement plans. The Analyst is also responsible for working with IT and HR Systems to update HR system configuration (Workday) and integrations, upgrades, implementation and testing of benefit plans as needed.

• Responsible for the daily administration and operation of the company’s 401(k) plans, non-qualified retirement plans, commuter benefit plan and group auto and home benefit.

• Project lead in implementation of new vendors, plans or changes to existing plans by overseeing required system and vendor updates, design and documentation of new plan provisions and procedures, preparation of communication materials, conducting HR and associate training and working with external and internal resources to implement required changes.

• Collaborate with internal and external resources in the testing, maintenance and deployment of benefit integrations, as well as the configuration and update of the benefit plans in the HR system.

• Coordination with Finance team on creation of retirement plan Financial Statements. Includes ability to review accounting spreadsheets and financial documents like trustee reports.

• Responsible for coordination of required annual audits and corporate audits for both 401(k) and pension plans. Includes working with both external and internal auditors, as well as coordinating documentation with staff and responding to auditor questions with oversight from the Sr. Manager.

• Responsible for the compliance of the retirement and benefit plans including working with oversight from the Sr. Manager of all federal filings and reporting (5500s, SARs, PGBC premiums, pension plan funding, annual funding notices, summary plan descriptions, etc).

• Responsible for review and audit of the payroll contribution files for the 401(k) savings plans, (US and Puerto Rico).  This task involves interfacing with Workday, the vendor plan recordkeeper systems, and the Treasury area. Additionally this position must have the ability to quickly ascertain reasonableness of files, ensuring eligible associates are reported correctly, and ensuring that contribution totals on file match payroll totals.  The Analyst must possess the ability to resolve any issues quickly in order to maintain a tight turnaround schedule to fund employee and employer in accordance with IRS funding deadline requirements and internal department audit standards.

• Responsible for the monthly reconciliation of the 401(k) & Pension Plans trust to ensure transactional integrity of the trustee.

• Daily administration of the Non-Qualified Saving plan including:

• Coordination with the plan vendor of the annual and monthly enrollment window, and the annual bonus deferral election window.

• Quarterly FICA payment process with Payroll for the Non-qualified Plans.

• Working closely with oversight from the Sr. Manager to ensure timely distribution of Non-qualified plan payments to terminating executives and timely collection of required FICA and regular reporting to Finance of plan liabilities.

• Review and processing of vendor invoicing and providing data to finance on an as needed basis.

• Liaison to the executive population with respect to the qualified and non-qualified retirement plans. This includes individual meetings with respect to their participation in the plans.

• Coordination of annual Specified Employee identification. This includes updating Workday and the 401(k) plan vendor with changes on an annual basis.

• Assist on projects as needed.

Experience

3 to 5 years in a Corporate Benefits environment with emphasis on defined contribution and defined benefit plans or 4-6 years benefits administration experience.

        

Education

Bachelor degree required.  Benefits training/certification (i.e., CEBS) a plus.

Skills

• Strong verbal and written communication skills,

• Must be self-motivated and detail-oriented

• Ability to handle multiple tasks with a high level of accuracy and adherence to deadlines

• Ability to work with all levels of management

• Excellent customer service skills

• Strong PC skills: Excel, Word, Access, Workday knowledge required

• Experience and knowledge with HR/Benefit platforms preferred

,industry:Retail,title:Corporate Benefits Senior Analyst (Retirement Plans) - **MEMBERS ONLY**SIGN UP NOW***..,datePosted:2021-10-05T00:00:00.000 0000,@context:****Resources,skills:Internship Benefits & Human Resources Operations, Product Manager - Labor & Employment & Benefits & Human Resources, Manager - Corporate Benefits, Recruitment Manager - Investor Services & Canadian Operations, HR Trax Intern & Compensation Consultant, Investor Relations - Analyst & Consultant, Benefits Specialist, Compensation Specialist, Manager - Managed Care & Contract Management, Compensation Analyst} Corporate Benefits Senior Analyst (Retirement Plans) - **MEMBERS ONLY**SIGN UP NOW***.. in Bridgewater, New Jersey, United States of America | Human Resources at PVH

Company info

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