Administrator II, Retirement Plan Services

1st-Source-Bank; South Bend (IN); On-site; USD 60,000 - 90,000; Full time

Job summary

1st-Source-Bank is seeking a Retirement Plan Administrator to ensure compliance with DOL/IRS regulations. The role involves reviewing trust instruments, consulting with corporate officers, attorneys, actuaries, and beneficiaries, and coordinating with internal teams on account record-keeping and processing.

The candidate should have 5–8 years of experience, knowledge of ERISA, and proficiency with Relius and MS Office, with a Bachelor’s degree and CRSP/ASPPA license preferred.

Qualifications

• Bachelor’s degree required; CRSP or ASPPA license required.
• Five to eight years of related experience preferred.
• Working knowledge of ERISA and related regulations.
• Experience with Relius and investments preferred.
• Proficient with MS Office and standard software applications.

Responsibilities

• Reviews trust instruments and benefit plans to determine the bank’s responsibility as trustee.
• Consults with external customers (corporate officers, attorneys, actuaries, beneficiaries) on account preparation and document review.
• Consults with internal customers on resolution of account record keeping and transaction processing issues.
• Reviews accounts to ensure conformity to customer needs and objectives; recommends changes.
• Answers questions from customer companies relating to administration of employee benefit accounts.
• Reviews and recommends new account applications.
• Keeps informed of changes in legislation affecting employee benefit trusts.
• Ensures compliance training and regulatory requirements are completed.

Skills

Communication skills

Multi-department coordination

Prioritization

Word Excel PowerPoint Adobe Acrobat

Education

Bachelor’s degree

CRSP or ASPPA license

Tools

Relius

MS Office

Adobe Acrobat

Excel

Word

PowerPoint

Job description

Job Category: Retirement Plan Services

Requisition Number: ADMIN004383

• Full-Time
• On-site

Locations

Showing 1 location

Description

POSITION SUMMARY

Responsible for ensuring retirement plans are compliant with DOL and IRS regulations.

ESSENTIAL REQUIREMENTS

• Reviews trust instruments and benefit plans to determine the bank’s responsibility as trustee.
• Consults with external customers (i.e., corporate officers, attorneys, actuaries, beneficiaries, etc.) concerning account preparation, document review and/or general account supervision and servicing.
• Consults with internal customers (i.e., investment, operations and trust personnel) on the resolution of specific account record keeping and transaction processing issues.
• Reviews accounts periodically to ensure their conformity to current customer needs and objectives recommending and making changes as appropriate.
• Answers questions from all levels of customer companies relating to the administration of employee benefit accounts.
• Reviews and recommends new account applications.
• Keeps informed of pending and changed legislation and regulations impacting the employee benefit trust field.
• Regular and predictable attendance is an essential requirement of the position.
• Responsible for the completion of all compliance training related to the position.
• Understands all applicable laws and regulations that apply to the position and complies with the requirements.

NON-ESSENTIAL FUNCTIONS

• Performs all other duties as assigned.

EXPERIENCE/SKILLS

• Five (5) to eight (8) years of related experience preferred.
• Working knowledge of ERISA and related regulations.
• Working knowledge of investments preferred.
• Extensive experience with Relius.
• Knowledge of basic software applications (Word, Excel, PowerPoint, Adobe Acrobat, Internet).
• Good written and verbal communication skills.
• Ability to work with all different departments and business entities.
• Ability to prioritize.

EDUCATION

• Bachelor’s degree required. CRSP or ASPPA license required.

TRAVEL REQUIREMENTS

• Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, seminars, etc.

PHYSICAL DEMANDS

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
• While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT

• MS Office PC, fax, phone and standard office equipment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.