Manager, Benefits - 401(k) Administration
Core
Lead day-to-day administration, compliance, and vendor oversight for Capital One's 401(k) retirement programs, ensuring ERISA/IRS regulatory adherence and delivering data-driven reporting to senior leadership.
Role type
Manager, Benefits 401(k) Administration
Builds
Compliant retirement plan operations and management reporting
Domain
Employee Benefits / Retirement Planning / US Regulatory Compliance
Deliverable
production ML models | product features | dashboards & analysis | client delivery | infrastructure | physical/clinical work
Required skills
ERISA compliance, IRS Code Sections 401(a)/401(k)/402(g)/409(a) expertise, 401(k) plan administration, recordkeeper portal management, data analysis and reporting, vendor management, regulatory reporting (Form 5500/8955-SSA), plan design and amendment implementation, fee audit and revenue sharing analysis, team mentorship
Preferred skills
Employee Benefits Specialist Certification, Workday configuration, AI tool integration for business efficiency, design-thinking and agile methodologies, large-scale financial benefit transformation experience, OCIO model experience with 20,000+ participants
Technologies
Workday, Recordkeeper portals, AI tools
Responsibilities
Maintain accurate documentation for legally compliant 401(k) administration and reporting; Serve as internal subject matter expert to resolve complex participant and administrative issues; Oversee preparation of IRS Form 5500 and Form 8955-SSA; Partner on administrative error correction processes; Review and audit quarterly recordkeeping invoices and omnibus accounts; Provide technical direction to vendors for plan design and legislative mandate implementation; Extract and analyze datasets to deliver actionable management reporting on participation and utilization metrics; Mentor junior team members to build technical capabilities
Seniority
Manager, hands-on IC with team leadership