Principal Benefits Analyst

About the position

The Principal Benefits Analyst at PerkinElmer Inc. is responsible for the administration and management of employee benefits programs, including health, dental, vision, life insurance, disability, and retirement plans. This role involves ensuring compliance with company policies and regulations, analyzing benefits data, and supporting employees with their benefits inquiries. The analyst will collaborate with the HR team to facilitate open enrollment processes and maintain accurate records of employee benefits.

Responsibilities

• Assist in the day-to-day administration of employee benefits programs.
• Support the annual benefits open enrollment process, including the preparation of materials and communication to employees.
• Ensure accurate and timely processing of benefits enrollments, changes, and terminations through our third party system (Alight).
• Coordinate with benefits vendors and third-party administrators to resolve employee issues and ensure service delivery.
• Prepare regular reports on benefits utilization, costs, and trends for management review.
• Assist in the preparation of benefits-related metrics for compliance reporting and audits.
• Assist in the preparation of compliance reports, including non-discrimination testing for the 401(k) plan and 5500s.
• Respond to employee inquiries regarding plans, eligibility, and claims processes.
• Provide assistance to employees and assist with problem resolution.
• Support new hire orientation sessions and exit interviews to ensure employees are informed about their benefits and 401k options.
• Ensure that benefits and 401k programs comply with federal, state, and local regulations, including ERISA, HIPAA, COBRA, and ACA.
• Maintain accurate and up-to-date records of employee benefits, plan documents, and compliance reports.
• Assist with audits and the preparation of necessary documentation for compliance purposes.
• Manage renewals and marketings in collaboration with our broker, Aon.
• Participate in benefits-related projects, such as the implementation of new benefits programs or system upgrades.

Requirements

• Bachelor's degree in Human Resources, Business Administration, or related field, or equivalent work experience.
• 5+ years of experience in benefits and 401k administration or a related HR role.
• Experience with benefits data analysis and reporting.
• Knowledge of federal and state regulations governing employee benefits.

Nice-to-haves

• Proficiency in Microsoft Office Suite, particularly Excel.
• Familiarity with HRIS systems (e.g., Workday, ADP) and benefits administration software.
• Strong analytical skills with attention to detail.
• Excellent communication and customer service skills.
• Ability to manage multiple tasks and prioritize effectively.