DigiKey
Senior Benefits Analyst and Compliance Partner
DigiKey, Thief River Falls, Minnesota, United States, 56701
Senior Benefits Analyst and Compliance Partner
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Senior Benefits Analyst and Compliance Partner
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DigiKey Overview
The Senior Benefits Analyst and Compliance Partner is responsible for data analytics and plan compliance requirements for the DigiKey Group Benefit Plan and Wellness Programs. This position will provide reports, analysis, and any other information as requested by leadership; guide special projects; provide regulatory interpretation; perform compliance reporting; and develop and implement compliance auditing and monitoring strategies. The role partners with the Total Rewards Benefits Team to develop, recommend, and install approved, new, or modified plans and employee benefit policies, and consults on administration of existing plans. This position will serve as the plan manager for retirement plans offered under the group benefits plan, providing analytics to support data-driven decisions for benefit and wellness plan engagement. Base pay range
$80,000.00/yr - $110,000.00/yr Responsibilities
Develop and maintain standard reports for the benefit, wellness and leave of absence programs. Participate actively in all new vendor implementations. Assist the Workday HRIS team with changes to the configuration, documentation and maintenance of automated benefit processes and integrations with vendors. Interpret census data and evaluate it for accuracy. Serve as resource in annual renewal process and new vendor implementations, monitoring for compliance with DigiKey specifications, identifying key differences in bids, and maintaining client databases within internal systems. Liaise between benefit vendors/carriers and DigiKey with respect to data analytics and data transfer for plan eligibility, participation, coverage, compliance matters and other benefit matters. Add to and maintain client access to external online portals. Confer with internal clients, outside consultants, attorneys, third party administrators, benefit record keepers, and carriers to furnish or request data as needed. Responsible for all aspects of health and welfare and retirement plan compliance including reporting, filing of plan documents, audits, forms 5500, and all federal, state, local and other regulatory requirements such as ERISA, COBRA, and HIPAA. Responsible for all aspects of Affordable Care Act (ACA) compliance, including management of ACA reporting and review and sign-off of data submitted. Participate in annual audits as needed and complete annual non-discrimination testing for group health and 401(k) plans. Respond to requests for information required by the organization for regulatory filings. Support Open Enrollment, including benefit administration configuration and testing, plan document review and employee enrollment support. Evaluate current practices to improve efficiencies, innovate to solve problems, and utilize data to build business cases. Execute business plans and contribute to the development of functional strategy and processes while ensuring accuracy and consistency. Perform other incidental and related duties as required and assigned; may include reallocation of efforts to other organizations per business need and management request. Note: This description does not restrict management’s right to assign or reassign duties at any time. Required Knowledge, Skills, and Experience
Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; or equivalent relevant work experience 6 - 9 years of experience in Health & Welfare and 401(k) Plans Strong analytical, problem-solving, and technical skills Advanced Excel skills; proficient in Word and PowerPoint Organized and detail-oriented with strong verbal and written communication skills Preferred Qualifications
Knowledge of ERISA, IRS and DOL regulations Experience leading enterprise-wide initiatives Experience with Workday configuration and/or testing Tools/Systems/Software
Microsoft Office Suite Physical Requirements
Generally, spend the workday sitting at a workstation and operating computer devices (keyboard, mouse, screen) Generally, spend the workday performing repetitive motions that involve the hands, head, and other parts of the body Compensation
The base pay range for this position is $80,000 to $110,000 per year. Many factors influence the determination of base pay within a range, including the candidate’s work experience in related roles, knowledge, skills, capabilities, performance, and the budget available for the position. Seniority level
Mid-Senior level Employment type
Full-time Job function
Human Resources, Analyst, and Strategy/Planning Industries
Appliances, Electrical, and Electronics Manufacturing Get notified about new Benefits Analyst jobs in
Thief River Falls, MN . Note: This refined description removes extraneous postings and unrelated content while preserving the core job information.
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Join to apply for the
Senior Benefits Analyst and Compliance Partner
role at
DigiKey Overview
The Senior Benefits Analyst and Compliance Partner is responsible for data analytics and plan compliance requirements for the DigiKey Group Benefit Plan and Wellness Programs. This position will provide reports, analysis, and any other information as requested by leadership; guide special projects; provide regulatory interpretation; perform compliance reporting; and develop and implement compliance auditing and monitoring strategies. The role partners with the Total Rewards Benefits Team to develop, recommend, and install approved, new, or modified plans and employee benefit policies, and consults on administration of existing plans. This position will serve as the plan manager for retirement plans offered under the group benefits plan, providing analytics to support data-driven decisions for benefit and wellness plan engagement. Base pay range
$80,000.00/yr - $110,000.00/yr Responsibilities
Develop and maintain standard reports for the benefit, wellness and leave of absence programs. Participate actively in all new vendor implementations. Assist the Workday HRIS team with changes to the configuration, documentation and maintenance of automated benefit processes and integrations with vendors. Interpret census data and evaluate it for accuracy. Serve as resource in annual renewal process and new vendor implementations, monitoring for compliance with DigiKey specifications, identifying key differences in bids, and maintaining client databases within internal systems. Liaise between benefit vendors/carriers and DigiKey with respect to data analytics and data transfer for plan eligibility, participation, coverage, compliance matters and other benefit matters. Add to and maintain client access to external online portals. Confer with internal clients, outside consultants, attorneys, third party administrators, benefit record keepers, and carriers to furnish or request data as needed. Responsible for all aspects of health and welfare and retirement plan compliance including reporting, filing of plan documents, audits, forms 5500, and all federal, state, local and other regulatory requirements such as ERISA, COBRA, and HIPAA. Responsible for all aspects of Affordable Care Act (ACA) compliance, including management of ACA reporting and review and sign-off of data submitted. Participate in annual audits as needed and complete annual non-discrimination testing for group health and 401(k) plans. Respond to requests for information required by the organization for regulatory filings. Support Open Enrollment, including benefit administration configuration and testing, plan document review and employee enrollment support. Evaluate current practices to improve efficiencies, innovate to solve problems, and utilize data to build business cases. Execute business plans and contribute to the development of functional strategy and processes while ensuring accuracy and consistency. Perform other incidental and related duties as required and assigned; may include reallocation of efforts to other organizations per business need and management request. Note: This description does not restrict management’s right to assign or reassign duties at any time. Required Knowledge, Skills, and Experience
Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; or equivalent relevant work experience 6 - 9 years of experience in Health & Welfare and 401(k) Plans Strong analytical, problem-solving, and technical skills Advanced Excel skills; proficient in Word and PowerPoint Organized and detail-oriented with strong verbal and written communication skills Preferred Qualifications
Knowledge of ERISA, IRS and DOL regulations Experience leading enterprise-wide initiatives Experience with Workday configuration and/or testing Tools/Systems/Software
Microsoft Office Suite Physical Requirements
Generally, spend the workday sitting at a workstation and operating computer devices (keyboard, mouse, screen) Generally, spend the workday performing repetitive motions that involve the hands, head, and other parts of the body Compensation
The base pay range for this position is $80,000 to $110,000 per year. Many factors influence the determination of base pay within a range, including the candidate’s work experience in related roles, knowledge, skills, capabilities, performance, and the budget available for the position. Seniority level
Mid-Senior level Employment type
Full-time Job function
Human Resources, Analyst, and Strategy/Planning Industries
Appliances, Electrical, and Electronics Manufacturing Get notified about new Benefits Analyst jobs in
Thief River Falls, MN . Note: This refined description removes extraneous postings and unrelated content while preserving the core job information.
#J-18808-Ljbffr