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Retirement Plan Administrator

3 months ago

Troy, United States Magna International Full time
Job Number: 67206
Group: Magna Corporate
Division: Magna Services of America (Troy Office)
Job Type: Permanent/Regular
Location: TROY
Work Style: Hybrid

About us

We see a future where everyone can live and move without limitations. That's why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

About the Role

The Magna Total Rewards Team is looking for a motivated detail-oriented individual to support the administration of the company's North American Retirement Programs. The Retirement Plan Administrator position offers candidates an exciting opportunity for professional development within a global organization. Responsibilities include ensuring compliance of Human Resources Departments with company policies and procedures around benefits through answering inquiries, participating in audits, assisting with communication, and training programs.

If you have the required skills, experience, and qualifications, and believe that you have what it takes and want to develop your career in an international company, then this is the opportunity for you.

Your Responsibilities

  • Provide daily support to North American Retirement Program Analysts, Senior Manager and Director on projects and presentations.
  • Provide daily assistance to the North American Division Human Resources Staff via telephone/e-mail with respect to general retirement plan related questions.
  • Coordinate with Retirement Plan Provider(s) on quarterly address/death/next of kin searches
  • Act as Liaison between divisions and providers on employee and HR education
  • Assist with compilation of Canadian savings plan submissions.
  • Aid in investigations to resolve complex issues (e.g., account issues, deferral issues, etc.)
  • Assist the North American Retirement Program Team in system cleanup and review of data entry by locations.
  • In conjunction with HRIS, assist in preparation and participation in various plan related data audits.
  • Responsible for Retirement & Savings Committee Meeting Minutes
  • Submit invoices for payment as needed.
  • Sort and process return mail as needed.
  • Handle all other job duties and activities, as determined, and assigned.
Who we are looking for
  • Bachelor's degree in Human Resources, Economics, Business Administration, Finance, or other related field
  • 1 - 3+ years of experience and/or training in one or more of the following areas: Financial/data analysis or statistics, U.S. benefits law/regulations, customer service, Human Resources, strategic planning and/or project management, problem solving and decision science techniques, managing vendor relationships, using analytical tools
Your preferred qualifications
  • Previous experience with retirement or health care benefit administration a plus
  • CEBS designation or pursuing CEBS designation a plus.
What we offer

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Site Benefits
  • Comprehensive Medical, dental, and vision plans
  • 401 (k) plan with employer matching
  • Profit sharing program
  • Exciting internal development opportunities
  • Cafe
  • Parking for motorcycles and electric vehicles


Awareness. Unity. Empowerment.

At Magna, we believe a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.