Compensation & Retirement – COE Solution Specialist

Compensation & Retirement – COE Solution Specialist

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The Compensation & Retirement – COE Solution Specialist is a pivotal role to ensure the total rewards programs are competitive, compliant, and aligned with organizational goals. This role will develop and manage the base compensation plan, the non-qualified deferred compensation plan, and is responsible for the development and compliance of the 401k and profit‑sharing plans. As a fiduciary it ensures the plan(s) are in the best interest of participants and meet employee needs.

The role provides deep subject matter expertise in compensation best practices, benchmarking, deferred compensation, and retirement plans.

• Establish and update compensation and benefits strategies and programs, including salary structures, that evaluate the market competitiveness of compensation by comparing the average company salary to the industry average.
• Conduct ongoing market analysis and benchmarking to ensure pay practices are competitive and research new compensation trends, including regular audits on job responsibilities, FLSA classification, and job leveling oversight; measure fairness in compensation across different demographic groups.
• Ensure all compensation and benefits programs comply with federal, state, and local laws and regulations; implement technology that provides real‑time pay analysis and automatically flags potential compliance issues.
• Leverage compensation data and analytics to inform a proactive retention strategy, identifying and mitigating flight risks for top performers; implement AI for predictive compensation analytics to predict future talent compensation needs and market fluctuations.
• Develop an executive‑level dashboard that provides real‑time insights into base salary, salary range and changes, full‑time employee activity within a workgroup, changes in the market, changes in compensation costs, employee feedback, and inform leaders of local market changes.
• Lead a compensation think tank across the construction market to explore future‑of‑work compensation trends, such as the impact of mobility and emerging technologies, and position DPR as an industry innovator.
• Fulfill the legal and fiduciary duties in managing the 401(k) plan and oversee risk‑management strategies related to financial operations.
• Ensure the 401(k) plan complies with all relevant laws and regulations, handling operations such as contribution processing and distributions correctly.
• Establish benchmarks to measure effectiveness and review third‑party administrators, investment advisors, and other vendors to ensure they provide high‑quality, cost‑effective services.
• Develop and implement ongoing campaigns and events that keep the compensation plan front‑of‑mind and give employees convenient opportunities to review and adjust their strategy.
• Conduct and review annual testing, such as non‑discrimination and top‑heavy tests, to maintain compliance.
• Research, recommend, and develop an overall financial literacy program, leveraging innovative technology and data analytics to offer personalized guidance and investment advice for employees to improve retirement readiness.
• Improve 401(k) plan design, offer solutions to enhance performance, and stay current on legislative changes and reporting, disclosure, and eligibility requirements.
• Design and lead development of NQDC plan(s) that are flexible and tailored to meet the specific needs, risk tolerances, and goals of targeted groups.
• Apply understanding of tax rules for qualified 401(k) and non‑qualified plans to ensure payment obligations are met, including use of funding vehicles like rabbi trusts or COLI.
• Develop and implement a comprehensive communications channel to educate eligible employees about the risks and benefits of participating in a NQDC plan.

• Bachelor’s degree in Human Resources, Finance, Business, or related field.
• 7+ years of progressive experience in compensation and retirement benefits, with subject‑matter expertise in 401(k) plan management.
• Background working with both qualified…