Administrator II, Retirement Plan Services

1st Source Corporation; Warsaw (IN); On-site; USD 90,000 - 130,000; Full time

Job summary

1st Source Corporation in Indiana is seeking a Retirement Plan Compliance Specialist to ensure plans meet DOL/IRS requirements. The role focuses on reviewing trust instruments, benefit plans, and client accounts to confirm trustee responsibilities and regulatory alignment.

You will collaborate with corporate officers, attorneys, actuaries, and internal trust teams, handling document reviews, account supervision, and ongoing compliance training. Travel as needed to client sites may be required.

Qualifications

• Five to eight years of related experience preferred.
• Knowledge of ERISA and related regulations.
• Knowledge of investments preferred.
• Extensive experience with Relius.
• Proficient with Word, Excel, PowerPoint, and Adobe Acrobat.
• Strong written and verbal communication skills.
• Ability to work with multiple departments and entities.
• Ability to prioritize and manage time effectively.

Responsibilities

• 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.

Skills

ERISA knowledge

Investments knowledge

Relius experience

MS Office

Communication skills

Time management

Team collaboration

Education

Bachelor’s degree

CRSP or ASPPA license

Tools

Relius software

MS Office

Word, Excel, PowerPoint, Adobe Acrobat

Job 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.
• Strong time management skills.

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.