Director, U.S. Benefits - Laboratory Corporation of America : Job Details

Recognized as one of Forbes 2024 “America's Best Large Employers” and named to the Forbes 2024 Best Employers for Diversity , Labcorp is seeking to hire a Director, US Benefits. This role will manage and administer all company-sponsored benefit plans, including medical, dental, vision, life insurance, disability and 401 (k) plans. In addition, the Director, US Benefits holds these responsibilities:Ensure compliance with federal and state regulations, such as COBRA, FMLA, ERISA, and other applicable laws.Serve as the primary point of contact for all benefits-related inquiries and issues from employees.Collaborate with third-party administrators, insurance providers, and investment firms to ensure seamless benefits administration.Develop and deliver training programs to educate employees on available benefits and enrollment processes.Analyze benefit utilization data and trends to identify opportunities for cost savings and plan optimization.Manage the annual benefits renewal process, including plan evaluations, negotiations, and employee communications.Stay current with industry trends, best practices, and legal updates related to employee benefits.Maintain benefit recordkeeping system, ensuring information is accurate and current, making updates by entering approved changes in benefits and deductions.Audit HR, Benefit and Worker's Compensation data for accuracy, identifying and troubleshooting issues.Oversee 401(k) Plan Administration, including annual employee meetings, deferral and loan processing.Minimum Requirements Bachelor's degree in Human Resources, Business Administration, or a related field.Minimum of 7-10 years of experience in benefits administration, including at least 3 years of supervisory experience in benefits, with a focus on COBRA, FMLA, and short-term disability management.Proven track record of managing benefits programs for organizations with over 40,000 employees.Comprehensive knowledge of 401(k) plans, including plan design, investment options, and compliance requirements.Excellent communication and interpersonal skills, with the ability to explain complex benefits information clearly and concisely.Strong analytical and problem-solving skills, with the ability to identify and resolve benefits-related issues.Proficiency in benefits administration software.Ability to maintain strict confidentiality and handle sensitive employee information with discretion.Experience with benefits administration in unionized environments.Knowledge of benefits accounting and financial reporting.****Role is remote, but the ideal candidate will reside in either Durham, NC or Burlington, NC****Application Window: 10/24/24Pay Range: $150,000-$180,000 + bonus potentialAll job offers will bebased on a candidate's skills and prior relevant experience, applicabledegrees/certifications,as well as internal equity and market data.LBP Eligible Positions:The position is also eligible for an annual bonus under the Labcorp Bonus Plan. Bonuses are payable based on corporate and/or business segment performance and are subject to individual performance modifiers.Benefits: Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan. Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only. For more detailed information, pleaseclick here.Labcorp is proud to be an Equal Opportunity Employer:As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic.We encourage all to applyIf you are an individual with a disability who needs assistance using our online tools to search and apply for jobs, or needs an accommodation, please visit ouraccessibility siteor contact us atLabcorp Accessibility.Formore information about how we collect and store your personal data, please see ourPrivacy Statement.Job SummaryJob number: 2429944Date posted : 2024-10-24Profession: Human ResourcesEmployment type: Full-Time