Sr Benefits Analyst at BJ's Wholesale Club

Marlborough, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, WholesaleIndustries

Requirements

5-7 years of experience in the administration of qualified retirement plans, including but not limited to reporting and notice regulations, non-discrimination testing, tax preparation and filing, audit requirements, and regulatory oversight
5-7 years of experience in the administration of non-qualified retirement plans, including but not limited to Regulation 409A and related requirements and plan design
Solid understanding of retirement benefit plan principles

Responsibilities

Assist in managing the daily administration of 401(k), employee stock purchase and executive non-qualified deferred compensation plan
Monitor weekly 401(k) plan administrative processes to include resolving plan indicative data errors and providing guidance to contacts to resolve contribution file errors. Monitor weekly contribution file posting and prepare weekly wire
Monitor ESPP administrative processes including refund and purchase processes
Monitor executive non-qualified deferred compensation plan funding files, including in service and termination distribution records
Oversee the flow of data to wealth benefit-related service providers, including but not limited to record-keepers, consultants, actuaries, trustees and investment managers. Oversee the accuracy of reporting
Coordinate the distribution of retirement plan communications, including required annual plan summary, summary annual report, and information regarding enrollment, contribution limits and accrued benefits
Prepare management reports and data summaries prior to Investment Committee, Management and Policy Committee meetings, as appropriate
Research, initiate, and implement updated systems, programs, procedures and internal controls on an on-going basis; recommend improvements, revisions and amendments
Assist in tracking benefit costs, preparing benefit cost analysis, summarizing employee benefits data and trends and provides management with planning and control
Coordinate the monitoring of third-party data feeds for accuracy, conduct audits of third-party data routinely to ensure accuracy of enrollment processing and billing

Skills

Key technologies and capabilities for this role

401(k) administrationdeferred compensationemployee stock purchase planbenefits administrationstatutory compliancepolicy compliance

Questions & Answers

Common questions about this position

What benefits does BJ's Wholesale Club offer to team members?

BJ's offers weekly pay, free BJ's memberships, generous paid time off including vacation, personal, sick days, holidays, bereavement, and jury duty leave, flexible and affordable health benefits with medical, dental, vision, HSA, and FSA options, a 401(k) retirement savings plan with company match, and an employee stock purchase plan at a 15% discount.

What is the salary or compensation for the Sr. Benefits Analyst role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What key responsibilities require skills for this Sr. Benefits Analyst role?

The role requires skills in managing daily administration of 401(k), employee stock purchase, and deferred compensation plans, monitoring administrative processes and resolving errors, overseeing data flow to service providers, ensuring reporting accuracy, and coordinating retirement plan communications.

What is the company culture like at BJ's Wholesale Club?

BJ's is powered by over 30,000 team members who make a real impact, built on purpose and opportunity, with team members at the heart of everything and a focus on supporting health, well-being, and growth.