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PBF Energy · 2 days ago

Sr. Retirement Analyst

Parsippany, NJ

Full-time

Onsite

Senior Level

$102K/yr - $168K/yr

5+ years exp

PBF Energy Inc. is one of the largest independent refiners in North America, and they are seeking a talented Sr. Retirement Analyst to join their team. This role is responsible for the day-to-day administration and compliance of the company’s retirement programs, ensuring accuracy and providing expert guidance to HR partners and employees.

BiofuelEnergyNatural ResourcesOil and GasTransportation

Responsibilities

Administer and oversee daily operations of the company’s retirement programs (401(k), pension, and non-qualified plans), including reconciling the semi-monthly and biweekly 401(k) contributions and loans, hardship withdrawal applications, retirement related death claims and the defined benefit contributions

Ensure compliance with ERISA, IRS, and DOL requirements; support annual audits, Form 5500 filings, and nondiscrimination testing

Maintain plan documentation, summary plan descriptions, and participant notices in collaboration with Legal and external counsel

Partner with internal and external stakeholders to monitor and implement regulatory and plan design changes

Maintain and produce monthly reports to assist Accounting with appropriate establishment of defined contribution benefit accruals, and true-up payments

Primary responsibility for Retiree Open Enrollment communications and elections

Primary point of contact for recordkeepers, trustees, actuaries, and consultants

Review and validate vendor reports, reconciliations, and participant data

Support committee meetings, including preparation of materials, data summaries, and meeting minutes

Track and ensure resolution of plan-related issues with vendors and payroll

Provide expert guidance on retirement plan provisions, eligibility, distributions, and retirement readiness and respond to escalated employee inquiries

Partner with HR Business Partners to deliver education, tools, and communications that help employees make informed retirement decisions

Perform data audits and reconciliations between payroll, HRIS, and recordkeeping systems

Analyze plan metrics, participation rates, and company contributions; prepare reports and dashboards for leadership

Identify trends and opportunities for plan enhancements or employee engagement improvements

Recommend and implement process improvements to enhance efficiency and accuracy of plan administration

Support benchmarking and strategy discussions related to total rewards competitiveness

Participate in special projects such as plan mergers, system upgrades, or vendor transitions

Qualification

Retirement plan administrationERISA complianceAnalytical skillsExcel proficiencyHRIS experienceCustomer experience orientationProject managementCommunication skillsCollaboration skills