About Gap Inc.
Our past is full of iconic moments — but our future is going to spark many more. Our brands — Gap, Banana Republic, Old Navy, Athleta, INTERMIX and Hill City — have dressed people from all walks of life and all kinds of families, all over the world, for every occasion for more than 50 years.
But we’re more than the clothes that we make. We know that business can and should be a force for good, and it’s why we work hard to make product that makes people feel good, inside and out. It’s why we’re committed to giving back to the communities where we live and work. If you're one of the super-talented who thrive on change, aren't afraid to take risks and love to make a difference, come grow with us.
About the role
Benefits Analyst II will have understanding of plan implementation and administration of 401(k) and Deferred Compensation Plans and lifestyle benefits (tuition reimbursement, commuter benefits, back up childcare and financial counseling) in a large matrix organization and forming of two organizations. This position is responsible for administration and communications of all retirement plans and lifestyle programs in the United States and Puerto Rico. Also, partnering with internal and external vendors to ensure the smooth administration of current plans achieve Gap Inc.’s desired business results within a Total Rewards framework.
What you'll do
Partner with Sr. Manager to benchmark/survey retirement plan design to maintain program competitiveness
Ensure compliance of 401(k) plans with all business and legal plan requirements, preparation and filing of legally required reports and documents such as SPD and 5500 filing. Responsible for quarterly SOX certification
Partner with Sr. Manager to implement program changes or introduction of new programs. Measure effectiveness of existing benefit programs to include 401(k) and deferred compensation plans and lifestyle benefits
Review participation and contribution limits for 401(k) plans, determine eligibility, confirm distributions and elected contributions to deferred compensation plan
Partner with internal audit business partners to review and deliver audit materials to ensure completion of annual financial statements for 401(k) plans
Partner closely with Shared Services, Brands and HR as well as other internal and external key stakeholders to manage the administration of the benefit programs
Work with internal and external business partners to prepare and process appropriate reports to effectively and efficiently complete projects. Ensure all processes are documented . (e.g. year-end processes, Proxy/Tally Sheet, monthly reconciliation)
Who you are
3-5 years of experience within Benefits function
Knowledge in managing/delivering employee benefits programs (401(k) and deferred compensation plans)
Excellent communication skills, ability to simplify and clearly communication concepts in participant communications
Experience in large companies employing significant numbers of exempt and non-exempt employees
Experience working with external vendors who provide co-sourced or outsourced benefits administration services
Strong business acumen, particularly financial and analytical skills; solid understand of EXCEL and IT capabilities with HRMS desirable
Demonstrated ability to lead multiple projects; manage multiple vendor relationships, interact effectively with all levels of management and to develop partnerships, both internal and external
Benefits at Gap Inc.
- Merchandise discount for our brands: 50% off regular-priced merchandise at Gap, Banana Republic and Old Navy, 30% off at Outlet and 25% off at Athleta for all employees.
- One of the most competitive Paid Time Off plans in the industry.*
- Employees can take up to five “on the clock” hours each month to volunteer at a charity of their choice.*
- Extensive 401(k) plan with company matching for contributions up to four percent of an employee’s base pay.*
- Employee stock purchase plan.*
- Medical, dental, vision and life insurance.*
- See more of the benefits we offer.
*For eligible employees
Gap Inc. is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We are committed to recruiting, hiring, training and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We have received numerous awards for our long-held commitment to equality and will continue to foster a diverse and inclusive environment of belonging. This year, we’ve been named as one of the Best Places to Work by the Humans Rights Campaign for the fourteenth consecutive year and have been included in the 2019 Bloomberg Gender-Equality Index for the second year in a row.
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