U.S. Financial Benefits Program Manager

Role Description

Lam Research is currently hiring for the position of U.S. Financial Benefits Program Manager as part of our world-class Global Benefits team. This role will be responsible for managing and administering U.S. retirement plans, including:

• 401(k)
• Non-qualified Deferred Comp
• Employee Stock Purchase
• Retiree Health Benefits

The position reports to the Sr. Manager, Benefits and is a peer to three other Benefits Program Managers with specialized functional benefits expertise.

Open to remote locations; candidates must be based in the Pacific or Mountain time zone; not available to California-based candidates.

What you’ll do

• Manage day-to-day operations for U.S. Retirement Benefit Programs.
• Actively manage vendor partners.
• Oversee funding and reconciliation between payroll systems and recordkeepers.
• Act as an intermediary for file feed support and escalations.
• Provide training and guidance to the help desk; respond to Tier 2 inquiries.
• Conduct regular audits and identify issues and opportunities for streamlined processes and enhanced education.
• Manage all aspects of compliance, including overseeing the annual 401(k) audit, non-discrimination testing, SOC 1 reporting, and 5500s.
• Keep up to date on DOL and IRS regulatory compliance and execute annual required notices.
• Organize quarterly 401(k) committee meetings, including preparing the agenda, gathering materials, actively updating the committee, and taking minutes.
• Provide ongoing support for the employee stock purchase program, as well as communication support for Open Enrollment.
• Draft and implement effective employee communications, benefit collateral, and educational presentations.
• Manage Open Enrollment for retiree health and welfare benefits.
• Manage ongoing vendor relationships, including program analysis and strategic recommendations.
• Act as project manager for major benefit projects (i.e., program and system implementations and upgrades).
• Identify opportunities to improve existing and sustainable processes to enhance the employee and administrative experience.
• Establish strong cross-functional partnerships with HR Shared Services, HRBPs, Legal, Payroll, and Finance.

Qualifications

• Bachelor’s degree in Human Resources, Business, or a related field, or equivalent experience/training, with a minimum of 12+ years of related experience; or 8 years with a master’s degree; or a PhD with 5 years of experience.
• 12+ years of relevant benefits experience; global benefits experience (especially in Asia) is a big plus.
• Strong program and vendor management experience.
• Experience with project management and cross-functional work.
• Strong and current knowledge of the regulatory landscape, including ERISA, 409A, IRS, and other federal and state employment laws.
• Extensive advanced experience with Microsoft Excel, PowerPoint, and Word.
• Proficiency with HRIS and understanding of payroll concepts.
• Proficiency with AI tools.
• Strong negotiation skills; can reach appropriate resolution in many varied situations.

Benefits

• Comprehensive set of outstanding benefits.
• Variety of work location models based on the needs of each role.
• Hybrid roles combining on-site collaboration with remote flexibility.

Salary

Salary Range for this position: $86,000.00 - $202,000.00. The above salary range for this position is relevant to applicants that reside in California and most states. Salary offers will depend on factors that include the location you work from, your level, education, training, specific skills, years of experience and comparison to other employees already in this role. Actual salary may vary from salary offered due to numerous factors including but not limited to unpaid time off, unpaid leave, company mandated shutdown, and other relevant factors.