Benefits Administrator

Job DescriptionRequisition ID94573DepartmentHuman ResourcesJob FunctionHuman ResourcesLocationNew York,New York,United StatesRole Location DesignationHybrid - 3 days per weekLocation Designation: Hybrid - 3 days per weekBe part of a dynamic team shaping the future of talent at New York Life. As part of Human Resources, you'll contribute to a comprehensive strategy that attracts, develops and retains top talent. Whether it's identifying future leaders, crafting engaging learning experiences, enhancing offerings that support our people or fostering a workplace culture where everyone feels they belong, your work directly empowers individuals and fuels the company's growth. Join us and play a vital role in making New York Life an employer of choice for generations to come.Position SummaryThe Retirement Benefits Sr. Associate supports the administration and day-to-day operations of the Company's qualified and non-qualified retirement plans, including Defined Contribution, Defined Benefit, Cash Balance, and Deferred Compensation plans. Working under the direction of the DC, DB, and Benefits Operations Leads, this role assists with plan administration, reconciliations, funding activities, compliance reporting, and annual projects while ensuring accurate and timely processing of retirement plan transactions.What You’ll Do:· Support the day-to-day administration of Defined Contribution, Defined Benefit, Cash Balance, Pension, and Deferred Compensation plans.· Review and reconcile 401(k) payroll transmission files and assist with the timely funding of employee and employer contributions.· Process Deferred Compensation payment files through Empower and perform related reconciliations.· Assist with pension payroll funding activities with State Street Bank and validate funding transactions.· Review participant data used for defined benefit funding and accounting valuations and research discrepancies.· Support annual Cash Balance and Excess Cash Balance pay and interest credit processing by validating eligibility, credited service, FICA calculations and recordkeeper calculations.· Assist with monthly reconciliations, annual company contribution processing, and retirement plan accounting activities.· Support 401(k) administration: annual nondiscrimination testing, Form 5500 preparation, match projections, plan audits, compliance notices, and other regulatory reporting.· Prepare reports, research participant issues, and assist with special projects, systems testing and process improvements.What You’ll Bring:· Bachelor's degree or equivalent work experience preferred.· 3-5 years of benefits or retirement plan administration experience.· Working knowledge of Defined Contribution, Defined Benefit, Cash Balance, and Deferred Compensation plans.· Strong analytical and reconciliation skills with attention to detail.· Strong Excel and data analysis skills, including the ability to reconcile, validate, and analyze large datasets· Strong written and verbal communication skills and the ability to manage multiple priorities.· Experience using AI tools (e.g., ChatGPT, Microsoft Copilot) to improve productivity, analyze data, or automate routine tasks is a plus.Pay TransparencySalary Range: $81,000-$104,000Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.Company OverviewAt New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.Our BenefitsWe provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.Our Commitment to InclusionAt New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of our LinkedIn to see how our employees and agents are leading the industry and impacting communities.Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.Job Requisition ID: 94573Read More #J-18808-Ljbffr