Administer the day-to-day operations of the 401(k) and Canadian RRSP plans
Consolidate payroll data on a weekly basis and coordinates the weekly funding of contributions and company match, including timely research and resolution of contribution matters
Perform regular data audits to ensure retirement plan vendor accounts are in synch with the payroll balances
Responsible for plan support as a subject matter expert to participating employees on all plan procedures including eligibility, enrollment, rollovers, beneficiary designations, early distributions, required minimum distributions, death notifications
Assist with compliance testing, audit, and required notices review
Prepare data for testing, auditing, and annual funding. Partners with internal departments such as Tax and Payroll to provide, as needed, information and data for internal and external reporting
Participate in scheduled meetings with appropriate plan vendors to ensure adherence to plan provisions, provide feedback on services, initiate and follow up on necessary administrative corrections, and employee communications
Ensure the retirement plan documents are updated and posted for participant access
Assist with the implementation of retirement plan changes and participant education promotions
Assist with the production and mailing of annual plan notices and employee benefit statements, including review of data provided to vendor
Perform reviews and testing related to HRIS and vendor integration file matters
Maintain tracking of transfers within controlled group companies to ensure their accounts are handled properly
Requirements
2+ Years of hands-on 401k administration experience
Strong Excel skills
Live within commuting distance from Plymouth, MN
Daikin Applied offers the following benefits for this position, subject to applicable eligibility requirements:
Multiple medical insurance plan options + dental and vision insurance
401K retirement plan with employer match
Paid time off and company paid holidays
Paid sick time in accordance with the federal, state and local law
Tuition Reimbursement after 6 months of continuous service
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If you're looking for an engaging career with growth opportunities in a supportive environment, you'll love a career at Daikin Applied!
Benefits
Dental insuranceVision insurance401(k)
Additional Information
Join the world's largest HVAC company, named by Forbes as one of America's Best-In-State Employers 2025!
Daikin Applied is hiring a Benefits Admin II! The Retirement Benefits Administrator II is responsible for the day-to-day administration of the Company's retirement plans. This position serves as a primary support resource to a diverse employee population, providing information and education about the Company's retirement plans while fostering a positive customer service environment. Specifically, the administrator will be primarily responsible for the administration of the Company's ERISA qualified 401(k) retirement plan and Canadian RRSP plan. This position will assist with the coordination and day-to-day administration of the Company's retirement offerings and products which provide benefits to employees across multiple, diverse subsidiary companies. Come be a part of an exciting journey at Daikin Applied, where innovation and excellence drive our every endeavor!
Location: Hybrid (3 days a week in office) Plymouth, MN
Daikinapplied · Plymouth, MN 55441