Qualified Plan Analyst

Position Summary Responsible for the administration and maintenance of qualified retirement plan benefit records and related processes. Provides accurate, timely support to employees by communicating and explaining qualified plan benefits information, and partners with internal and external stakeholders to support the goals and objectives of the Benefits/Qualified Plans function while adhering to applicable federal and state requirements. Key Responsibilities 401(k) file loads and reconciliation (30%) – Review uploads from the plan recordkeeper/administrator to ensure contribution rates, elections, and loan payments load correctly into Workday (or designated HRIS); analyze post-load outputs; identify and correct discrepancies; and coordinate/process required payroll adjustments.

Per-pay-period contribution and loan funding (30%) – Reconcile employee and employer contributions and loan repayments after each payroll; ensure timely and accurate funding/transmittal to the recordkeeper and proper documentation of corrections. Participant support and issue resolution (15%) – Respond to HR and employee inquiries and escalations regarding eligibility, enrollments/changes, loans, distributions, and plan rules; research root causes and drive resolution in accordance with plan provisions and qualified plan regulations. Annual compliance cycle and audit support (10%) – Assist with year-end/annual compliance activities (e.g., census validation, testing support, data requests, audit support) and maintain required records and reconciliation documentation.

Vendor invoices and payment processing (5%) – Process invoices and coordinate payments for plan-related vendors to support business continuity and prevent service disruptions. Controls, documentation, and continuous improvement (10%) – Maintain process documentation, trackers, and evidence of key controls; identify opportunities to improve data quality, timeliness, and participant experience; and partner with Payroll/HRIS/Finance/vendors to implement enhancements. Minimum Qualifications Education/Training: Bachelor's degree in business or related field, or equivalent combination of education and experience.

Experience: 2+ years of experience supporting qualified/defined contribution plans (e.g., 401(k)) administration. Knowledge: Working knowledge of federal and state requirements applicable to qualified plans. Skills/Abilities: Advanced Excel skills; strong analytical and reconciliation capabilities; critical attention to detail; strong written and verbal communication skills; ability to manage multiple tasks and deadlines; ability to work independently while escalating issues appropriately; ability to collaborate effectively and build relationships across functions.

Preferred Qualifications Experience with Workday Benefits and/or Payroll (or comparable HRIS/payroll systems) and large-file data loads. Experience working with retirement plan recordkeepers/TPAs and partnering with Payroll and HRIS/IT teams. Experience supporting audits, non-discrimination testing support, year-end census processes, and related compliance deliverables.

Working Conditions Environment: Office or remote office environment. Physical requirements: Ability to sit for extended periods and work at a computer/laptop for prolonged durations. Our Base Pay Range for this position: $61,400 - $102,400 McKesson is an Equal Opportunity Employer McKesson provides equal employment opportunities to applicants and employees, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other legally protected category.

For additional information on McKesson’s full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page. McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to (United States) [email protected] or (Canada) [email protected].

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