Total Rewards Analyst - 401k | Analyst in Other Job Job at State Farm in Tempe AZ | 7198817745

This listing was posted on Professional Diversity Network.

Total Rewards Analyst - 401k

Location:

Tempe, AZ

Description:

Overview We are not just offering a job but a meaningful career! Come join our passionate team!As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!Visit our Careers page for more information on our benefits , locations and the process of joining the State Farm team! Responsibilities We are seeking a skilled and experienced Total Rewards Analyst to support administration of State Farm's 401(k) Plan. In this position you will play a crucial role in managing and analyzing our organization's retirement savings plan, specifically the 401(k) Plan offered to our employees.Strong 401(k) plan experience is highly required and prior benefits administration experience is helpful. Applicants need to understand regulatory requirements regarding 401(k) Plans (Internal Revenue Service, Department of Labor, ERISA regulations).Primary Responsibilities: Design and maintain the organization's 401(k) plan, considering employee retirement goals and objectives. Maintain strong vendor relationship and engage in vendor monitoring. Provide guidance and support in day-to-day administration as well as think strategically about future design. Ensure compliance with legal and regulatory requirements, including ERISA, and oversee the preparation of required communications. Provide educational resources and guidance to plan participants, helping them understand the benefits and features of the 401(k) plan. Qualifications Skills and Requirements: Bachelor's degree in finance, business, or a related field. Strong knowledge of retirement plans, particularly 401(k) plans, including plan design, investment options, compliance requirements, and recordkeeping processes. Ability to interpret and make updates to plan documents. Familiarity with retirement plan regulations, particularly ERISA, and the ability to ensure compliance with legal requirements. Excellent analytical skills, with the ability to interpret plan reports and data to develop recommendations or solutions. Strong critical thinking, problem solving, and decision-making skills. Additional Details: Remote: Qualified candidates (outside of hub locations listed below) may be considered for 100% remote work arrangements based on where a candidate currently resides or is currently located. Remote work must be performed within the 50 United States/District of Columbia. Hybrid: Qualified candidates (in or near hub locations listed below) should plan to spend time working from home and some time working in the office as part of our hybrid work environment. Hub Locations: Dunwoody, GA; Richardson, TX; Tempe, AZ; Bloomington, IL For Los Angeles candidates: Pursuant to the Los Angeles Fair Chance Initiative for Hiring, we will consider for employment qualified applicants with criminal histories. For San Francisco candidates: Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. For Colorado candidates: Application deadline is expected to close on 8/16/2024. Applicant volume and hiring needs may result in early closure or extension beyond the listed deadline. To submit an application, click "Apply" on the job listing page on the State Farm Career site. For California, Colorado, Connecticut, Hawaii, New York City, and Washington (state) candidates: Salary Range: $75,260.25 - $146,250.00 | Potential Yearly Incentive Pay: 0-15% of base pay Competitive Benefits Including: 401k Plan Health Insurance Dental/Vision plans Life Insurance Paid Time Off Annual Merit Increases Tuition Reimbursement Health Initiatives For more details visit our Benefits Summary page PDN-9b850344-d164-4fe8-ab6b-5993762ec415

Company:

State Farm

Industry:

Other

Posted:

March 9 on Professional Diversity Network

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