Compensation & Benefits Professional Location: Fort Mill, SC, US, 29715 Job Requisition ID: 42789 Schaeffler is a dynamic global technology company and its success has been a result of its entrepreneurial spirit and long history of private ownership. Does that sound interesting to you? As a partner to all of the major automobile manufacturers, as well as key players in the aerospace and industrial sectors, we offer you many development opportunities. **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 withoutemployment 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 We look forward to your application. Keywords: Experienced; Professional; Full-Time; Unlimited; Human Resources; **Nearest Major Market:** Charlotte **Nearest Secondary Market:** South Carolina **Job Segment:** Payroll, M&A, Risk Management, CFA, Finance, Management