U.S. Financial Benefits Program Manager

The group you’ll be a part of

The Global Human Resources Group operates on the understanding that our people are our most valuable assets. They think globally to optimize our workforce, integrate our Core Values into everything we do, and deliver the HR solutions to enhance the employee experience and enable future growth.

The impact you’ll make

Lam Research is currently hiring for the position of U.S. Financial Benefits Program Manager as part of our world-class Global Benefits team. This role will be responsible for managing and administering U.S. retirement plans, including 401(k), Non-qualified Deferred Comp, Employee Stock Purchase, and Retiree Health Benefits, managing vendor partner relationships, and improving operational solutions to enhance employee engagement with benefit programs, with a strong emphasis on compliance.

What You’ll Do

• Manage day-to-day operations for U.S. Retirement Benefit Programs, including 401(k), Deferred Comp, Employee Stock Purchase, and Retiree Health within multiple systems.
• Actively manage vendor partners.
• Oversee funding and reconciliation between payroll systems and recordkeepers.
• As an intermediary for file feed support and escalations.
• Provide training and guidance to the help desk; respond to Tier 2 inquiries.
• Conduct regular audits and identify issues and opportunities for streamlined processes and enhanced education.
• Manage all aspects of compliance, including overseeing the annual 401(k) audit, non-discrimination testing, SOC 1 reporting, and 5500s.
• Keep up to date on DOL and IRS regulatory compliance and execute annual required notices.
• Organize quarterly 401(k) committee meetings, including preparing the agenda, gathering materials, actively updating the committee, and taking minutes.
• Provide ongoing support for the employee stock purchase program, as well as communication support for Open Enrollment.
• Draft and implement effective employee communications, benefit collateral, and educational presentations.
• Manage Open Enrollment for retiree health and welfare benefits.
• Manage ongoing vendor relationships, including program analysis and strategic recommendations.
• Identify opportunities to improve existing and sustainable processes to enhance the employee and administrative experience.
• Establish strong cross-functional partnerships with HR Shared Services, HRBPs, Legal, Payroll, and Finance.

Who We’re Looking For

• Bachelor’s degree in Human Resources, Business, or a related field, or equivalent experience/training, with a minimum of 12+ years of related experience; or 8 years with a master’s degree; or a PhD with 5 years of experience.
• 12+ years of relevant benefits experience; global benefits experience (especially in Asia) is a big plus.
• Strong program and vendor management experience.
• Experience with project management and cross-functional work.
• Strong and current knowledge of the regulatory landscape, including ERISA, 409A, IRS, and other federal and state employment laws.
• Extensive advanced experience with Microsoft Excel, PowerPoint, and Word.
• Proficiency with HRIS and understanding of payroll concepts.
• Proficiency with AI tools.
• Strong negotiation skills; can reach appropriate resolution in many varied situations.

Our commitment

We believe it is important for every person to feel valued, included, and empowered to achieve their full potential. By bringing unique individuals and viewpoints together, we achieve extraordinary results.

Salary

Salary Range for this position: $86,000.00 - $202,000.00.