Soma Capital Portfolio Jobs

Benefits Analyst

Human Interest

Human Interest

IT, Accounting & Finance
United States · Remote
Posted on Tuesday, June 11, 2024

Human Interest is on a mission to ensure that people in all lines of work have access to retirement benefits.

Nearly half of all working Americans are not saving enough for their future. Too often it’s because they are employed by a company that doesn’t offer a retirement plan. Human Interest is changing that by making it affordable and accessible for small and medium-sized businesses to offer employees a path to financial independence through retirement savings.

We’re a high-growth tech company changing the retirement industry. We’ve raised $500M and are backed by leading investors. Most recently, by funding from BlackRock as well as many other top investors: TPG (The Rise Fund) with SoftBank led our Series D, Glynn Capital, NewView Capital, USVP, Wing, Uncork, and others.

About the role

Human Interest is seeking a Benefits Analyst to join our People team. This role is pivotal in managing the day-to-day operations of our group benefits programs, including medical, dental, vision, disability, life insurance, leaves of absence, flexible spending accounts and health savings accounts. Additionally, this position will oversee 401(k) plan administration. The Benefits Analyst will develop and implement processes, procedures, and communications to establish a highly effective benefits team within Human Interest.

What you get to do every day

  • Monitor and manage all aspects of file processing, including enrollments, COBRA, terminations, life events, beneficiaries, claims, rollovers, QDROs, QMCSOs, distributions, loans, hardships, and ACA compliance testing; ensure all benefits-related files are accurate and comply with relevant regulations and company policies.
  • Manage and configure the Human Resources Information System to support benefits administration; Ensure data integrity and accurate reporting within the HRIS.
  • Serve as the primary point of contact for employee inquiries related to benefits and provide escalation support for complex issues; educate employees on available benefits to assist with the enrollment process.
  • Document and maintain administrative procedures for assigned benefits processes and continuously identify and implement process improvements to enhance efficiency and effectiveness; partner with HR and finance teams to support benefits-related initiatives and projects.
  • Maintain effective communication with benefits vendors, internal departments, and employees to ensure seamless benefits administration.
  • Oversee the planning, communication, and execution of the annual open enrollment process.
  • Manage relationships with benefits vendors, brokers, and advisors to ensure high-quality service delivery, evaluate vendor performance, and negotiate contracts and renewals.
  • Reconcile monthly benefits invoices and conduct regular audits to identify and correct discrepancies and ensure accurate billing, resolving any issues with vendors.
  • Conduct regular 401(k) audits, manage discrimination testing, ensure compliance with all relevant laws and regulations, and assist with the preparation and submission of required reports and filings.

What you bring to the role

  • Experience: 5+ years of experience as a Benefits Analyst.
  • Knowledge: Advanced knowledge of relevant benefits laws including HIPAA, COBRA, ERISA, ACA, FMLA, and DOL and IRS guidelines and rulings.
  • Expertise: Proficient in day-to-day benefits and 401(k) administration, leaves of absence, and parental leaves.
  • Technological Adaptability: Ability to learn and adopt new technologies.
  • Analytical Skills: Strong data analysis skills with the ability to adjust strategies based on outcomes.
  • Multitasking Ability: Navigate and balance multiple priorities in a fast-paced, dynamic environment.
  • Communication Skills: Excellent verbal and written communication skills.
  • Technical Proficiency: Experience with G-Suite (Gmail, Google Docs, Google Sheets) and advanced Excel skills.
  • Education: Bachelor’s degree in a related technical field or equivalent experience. (Preferred)
  • Work Ethic: A strong work ethic with a proactive approach to following up on employee issues.

Why you will love working at Human Interest

Mission - Highly collaborative startup dedicated to supporting employee engagement and growth. It’s an opportunity to help solve one of the biggest unsolved problems in America: saving for retirement.

Culture - Our operating principles define how we come together as a team to do our work. They reflect Human Interest’s unique view on what’s important and what’s right. Documenting this core aspect of our culture helps employees make good decisions on their own. It also helps candidates considering career opportunities critically evaluate whether they will thrive at Human Interest.

  • Customer obsession
  • Long-term orientation
  • Autonomous and accountable teams
  • An escalating bar for talent and performance
  • Fundamental optimism

Read more

Compensation - At Human Interest, there are a number of factors that are used to determine the appropriate pay range for each position. We take into account the cost of labor for each position in various markets across the US. The base salary for this position spans $90,000 - $110,000 and represents the minimum in our lowest geographic region to a maximum in our highest geographic region. The salary that we offer to a new employee within this range is based on their location within the US, their relevant job-related skills, and experience. At Human Interest, base salary is one component of the overall Total Rewards package. Depending on the position, additional compensation components such as bonus, commission, and equity may be offered. All of our employees are offered a robust suite of physical, financial and mental wellness benefits.

Benefits -

  • A great 401(k) plan: Our own! Our 401(k) includes a dollar-for-dollar employer match up to 4% of compensation (immediately vested) and $0 plan fees
  • Top-of-the-line health plans, as well as dental and vision insurance
  • Generous PTO and parental leave policies
  • Addition Wealth - Unlimited access to digital tools, financial professionals, and a knowledge center to help you understand your equity and support your financial wellness
  • Lyra - Enhanced Mental Health Support for Employees and dependents
  • Carrot - Fertility healthcare and family forming benefits
  • Candidly - Student loan resource to help you and your family plan, borrow, and repay student debt
  • Monthly work-from-home stipend; quarterly lifestyle stipend
  • Employee Resource Groups including Veterans, Lift Ev’ry Voice, Pride, LatinX, Families, and Women in Tech
  • Fun online and regional events and celebrations and department and company offsites
  • The vast majority of our positions can be 100% remote

We’re a great place to work (but don’t take our word for it)

Here’s a list of our awards and accolades:

  • Certified as a Great Place To Work® (2023-2024)
  • Best Places to Work by Built In (2023-2024)
  • America’s Best Startup Employers by Forbes (2020-2022, 2024)
  • A Top Company by Y Combinator (2020-2023)
  • Inc. Fastest Growing Companies (2021)


Human Interest is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran or military status, pregnancy, or any other characteristics protected under federal, state, or local laws.

Human Interest employees must adhere to the Company’s security policies and Code of Ethics.

Please note Human Interest does not accept unsolicited resumes from any source other than directly from candidates. We will not consider resumes from vendors including and without limitation search firms, staffing agencies, fee-based referral services, and recruiting agencies.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider employment-qualified applicants with arrest and conviction records. We comply with CCPA guidelines. See more: https://humaninterest.com/disclosures