US Benefits Retirement and Compliance Analyst

Company Overview

KLA is a global leader in diversified electronics for the semiconductor manufacturing ecosystem. Virtually every electronic device in the world is produced using our technologies. No laptop, smartphone, wearable device, voice-controlled gadget, flexible screen, VR device or smart car would have made it into your hands without us. KLA invents systems and solutions for the manufacturing of wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. The innovative ideas and devices that are advancing humanity all begin with inspiration, research and development. KLA focuses more than average on innovation and we invest 15% of sales back into R&D. Our expert teams of physicists, engineers, data scientists and problem-solvers work together with the world’s leading technology providers to accelerate the delivery of tomorrow’s electronic devices. Life here is exciting and our teams thrive on tackling really hard problems. There is never a dull moment with us.

Group/Division

The vision of KLA’s global human resources organization is to become a leader and partner to operating leadership in support of the company’s efforts to achieve its strategic growth, customer and operating objectives through strategic talent management. Our mission is to enable the business, and leverage human resources to achieve short and long-term business objectives. Our primary areas of strategic focus include talent acquisition, individual and organizational assessment and development, performance management, inclusion and engagement, and rewards. The global HR organization includes HR business partners, learning and development, talent acquisition, compensation and benefits, employee communications, and HR system operations.

Job Description/Preferred Qualifications

The Benefits Analyst is responsible for analysis, administration, and enhancement of KLA’s employee benefits programs. This role ensures that the company’s benefits offerings are competitive, compliant, and aligned with organizational objectives. The analyst serves as a subject matter expert for all benefit-related matters, collaborating with HR, finance, and external vendors to deliver superior service and support to employees.

To be successful, the candidate needs to be a technical expert, with demonstrable experience uncovering business needs, making recommendations, and developing solutions. They’ll know what the business needs, provide diagnostics, root cause analyses, etc. Critical skills for this role are analytics, problem-solving, and detailed recordkeeping.

Responsibilities:

Retirement and Savings Plan Operations

• Manage day-to-day operations of retirement and savings plans, including contribution funding, reconciliations, and distributions.
• Maintain accurate and confidential benefit records; ensure data integrity within HRIS, Payroll and benefits administration platforms.
• Serve as the primary escalation point for complex employee benefits inquiries and resolve issues in a timely and effective manner.

Compliance and Governance

• Administration and reporting of Federal and State compliance requirement which includes: nondiscrimination testing, Form 5500, and ACA.
• Roll-up and oversight of US benefits compliance activity.
• porting of upcoming compliance updates and proactive recommendations to ensure compliance with federal, state, and local laws.
• Periodic review & update of all plan documentation.
• Proactively identify opportunities to streamline administration and workflow.
• Coordinate annual open enrollment activities, including communication development, system testing, and employee support.
• Support benchmarking, cost analysis, and reporting to assess plan competitiveness and recommend changes as needed.
• Support benefits budgeting and forecasting processes in partnership with HR and finance.

Preferred Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, or related field (or equivalent experience).
• 5+ years of relevant benefits administration experience
• Knowledge of employee benefits, related laws, and industry best practices.
• Strong analytical, problem-solving, and project management skills.
• Excellent communication and interpersonal abilities.
• Proficiency with HRIS, benefits administration systems, and Microsoft Office Suite.

Minimum Qualifications

• Bachelors Degree plus 5 years' experience or Masters Degree plus 3 years' experience or PhD plus 0 years' experience

Base Pay Range: $87,400.00 - $148,600.00 Annually

Primary Location: USA-MI-Ann Arbor-KLA

KLA’s total rewards package for employees may also include participation in performance incentive programs and eligibility for additional benefits including but not limited to: medical, dental, vision, life, and other voluntary benefits, 401(K) including company matching, employee stock purchase program (ESPP), student debt assistance, tuition reimbursement program, development and career growth opportunities and programs, financial planning benefits, wellness benefits including an employee assistance program (EAP), paid time off and paid company holidays, and family care and bonding leave.

Interns are eligible for some of the benefits listed. Our pay ranges are determined by role, level, and location. The range displayed reflects the pay for this position in the primary location identified in this posting. Actual pay depends on several factors, including state minimum pay wage rates, location, job-related skills, experience, and relevant education level or training. We are committed to complying with all applicable federal and state minimum wage requirements where applicable. If applicable, your recruiter can share more about the specific pay range for your preferred location during the hiring process.

KLA is proud to be an Equal Opportunity Employer. We will ensure that qualified individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us at [email protected] or at +1-408-352-2808 to request accommodation.

Be aware of potentially fraudulent job postings or suspicious recruiting activity by persons that are currently posing as KLA employees. KLA never asks for any financial compensation to be considered for an interview, to become an employee, or for equipment. Further, KLA does not work with any recruiters or third parties who charge such fees either directly or on behalf of KLA. Please ensure that you have searched KLA’s Careers website for legitimate job postings. KLA follows a recruiting process that involves multiple interviews in person or on video conferencing with our hiring managers. If you are concerned that a communication, an interview, an offer of employment, or that an employee is not legitimate, please send an email to [email protected] to confirm the person you are communicating with is an employee. We take your privacy very seriously and confidentially handle your information.