Compensation & Retirement Analyst

Our Corporate team may not provide direct care, but we still touch people's lives in a very real and substantial way. The services we provide contribute greatly to the overall patient and member experience, supporting our reputation for excellence.

The Compensation & Retirement Analyst supports the administration and governance of MJHS's compensation and retirement programs. This role assists with annual compensation cycles, provides analytical and operational support for pay decisions, and ensures compliance with legal, regulatory, and internal pay requirements.

In addition, the Analyst plays a key role in the daily administration of retirement programs, partnering with internal stakeholders and external vendors to ensure data accuracy, audit readiness, and a highquality employee experience. Serving as a trusted resource to employees, this role provides guidance on retirement benefits and plan features.

Responsibility: Compensation - Program & Salary Administration

Performance Standards:

• • Assists with annual compensation cycles, including merit increases, bonus programs, and equity processes.
  • Prepares and supports recommendations for hiring offers, salary adjustments, promotions, and offcycle compensation requests.
  • Ensures compliance with applicable federal, state, and local pay regulations and internal compensation policies.
  • Partners with HR stakeholders, Payroll, Finance, and external plan vendors to manage daily compensation operations.
  • Maintains compensation data accuracy across HRIS, payroll, and vendor platforms.
  • Maintains knowledge of economic conditions, labor market and other factors related to ensuring the organization provides competitive and sustainable compensation scales.

Responsibility: Compensation - Analysis & Market Research

Performance Standards:

Supports maintenance and updating compensation models, salary structures, and pay ranges.

• Research market data sources
• Participates in industry and regional surveys
• Analyzes, and compares current and new compensation plans or programs offered by demographically comparable organizations and makes recommendations to ensure plan competitiveness.

Responsibility: Retirement - Compliance, Reporting & Audit Coordination

Performance Standards:

• Supports plan audits and maintains accountability for retirement plan compliance activities.
• Assists with annual retirement plan requirements, including nondiscrimination testing and required filings.
• Serve as a key point of contact for employees regarding retirement plans, offering guidance on eligibility, contributions, distributions, and overall retirement readiness.
• Partners with HR stakeholders, Payroll, Finance, and external plan vendors to manage daily, weekly and monthly retirement operations, audits and other deliverables.
• Keeps abreast of retirement plan legal requirements.

Responsibility: Retirement - Benefits Administration

Performance Standards:

Administers employee retirement programs includingMJHS Pension (401(a)) and Retirement Savings Plan (403(b)) by verifying information and preparing forms for approval for the plan administrator.

• Serves as a key point of contact for employees regarding retirement plans, offering guidance on eligibility, contributions, distributions, and overall plan provisions.
• Monitors administrative documents and reports to ensure the organization's compliance with plan requirements including compliance with the applicable provisions of ERISA (Employee Retirement Income Security Act).
• Maintains knowledge of trends, development and best practices related to programs and areas of responsibility.