Senior Benefits Analyst - Retirement

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We are actively looking for an experienced retirement specialist to join our Total Rewards team at Donaldson as our next Senior Benefits Analyst - Retirement. This role is ideal for detail-oriented individuals with have prior experience working with retirement vendors. This person will work cross-functionally within the company and must have strong communication skills. This is a great opportunity to work with a successful and driven team. Ideal candidates must be able to work in the Bloomington, MN office on a hybrid work schedule.

Role Responsibilities:

RETIREMENT PROGRAM ADMINISTRATION (75%)

• Responsible for the daily and the ongoing administration of U.S. retirement plans (Defined Contribution and/or Defined Benefit), including vendor coordination and cross-functional collaboration.

• Develop and deliver timely, clear, and engaging communications related to U.S. retirement benefits for employees, business leaders, and HR partners.

• Resolve complex inquiries related to plan design, administration, and participant experience for both DC and DB plans.

• Manage all DC Plan funding activities, including annual and year-end contribution and true-up match calculations.

• Prepare and fulfill data requests related to quarterly and annual regulatory filings.

• Analyze employee research and data analytics to assess program effectiveness and inform design.

• Maintain comprehensive documentation and records of plan administration.

• Lead the implementation of regulatory and plan design changes in collaboration with HRIS, Payroll, Legal, and vendors.

• Recommend and implement retirement plan design and process improvements aligned with Total Rewards strategy.

• Collaborate with external partners and internal stakeholders to stay informed on emerging trends, tools, and best practices.

• Identify opportunities to modernize plan administration, improve service delivery, and streamline processes.

BENEFIT PROJECTS (25%)

• Support and lead special initiatives related to benefits strategy and cross-functional Benefits or Total Rewards projects

Minimum Qualifications:

• 4+ years of experience working with retirement benefits at a public company.

• Prior experience working with retirement vendors directly

• Bachelor's degree or at least 7+ years of relevant benefits experience

Preferred Qualifications:

• In-depth technical knowledge of U.S. retirement plans, including relevant legal and tax regulations.

• Prior experience working with Fidelity would be beneficial

• CEBS certification

• Strong cross-functional influencing and collaboration skills (HR, Finance, Legal, Tax, vendor relationships, etc.).

• Ability to communicate complex technical retirement matters effectively at all levels of the organization, internally and externally.

• Proven project management capabilities, with a proactive, solution-oriented mindset and keen commitment to drive continuous improvements with little supervision.

• Ability to work in a team environment as well as independently.

• Experience working with Workday.

Travel: Up to 5% as needed

Relocation: This position is not eligible for relocation assistance.

Annual Salary Range: $78,400 - 100,900.

Actual salaries will vary based on several factors including, but not limited to applicable work experience, training, education, performance.

Employee benefits are part of the competitive total rewards package that Donaldson Company, Inc. provides to you. Our comprehensive benefits program includes health benefits, retirement plan (401k), paid time away, paid leaves (including paid parental leave) and more.

Immigration Sponsorship Not Available:

• Applicants for this position must be currently and legally authorized to work in the United States without the need for current or future sponsorship (e.g., H-1B, J-1, F-1, CPT, OPT, etc.).

• Donaldson will not offer immigration sponsorship or assume sponsorship of an employment visa for this position.

• International relocation or remote work arrangements outside of the U.S. will not be considered.

Keywords: benefits analyst, retirement, 401k, vendor, CEBS, DC plans

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Equal Opportunity Employer, including Disability and Veterans

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