Retirement Plan Compliance Specialist

1st Source Bank; South Bend (IN); On-site; USD 90,000 - 120,000; Full time

Job summary

1st Source Bank is seeking a Compliance Officer for Retirement Plan Services in South Bend, IN. The role ensures all retirement plans comply with ERISA, IRS, and DOL regulations and coordinates audits and plan onboarding.

The candidate will monitor regulatory updates, oversee Form 5500 filings, and manage disclosures while guiding internal teams and clients on regulatory changes. Strong communication and analytical skills are essential.

Qualifications

• Five to eight years of related experience preferred.
• Deep understanding of retirement plan compliance and regulatory environment.
• Ability to interpret complex regulations and apply them practically.
• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Ability to manage multiple deadlines and priorities.
• Excellent communication skills (written and verbal).

Responsibilities

• Ensures retirement plans comply with ERISA, IRS Code, and DOL regulations.
• Monitors regulatory updates and implements necessary process changes.
• Oversees annual nondiscrimination testing and Form 5500 filings.
• Oversees required notices and disclosures.
• Partners with plan administration and operations teams to ensure accurate plan setup.
• Reviews plan documents, amendments, and restatements for regulatory adherence.
• Assists onboarding new retirement plans and ensures compliance readiness.
• Coordinates internal and external audits, including DOL and IRS examinations.
• Identifies compliance risks and recommends corrective actions.
• Serves as SME on retirement plan compliance.
• Supports client-facing teams in explaining regulatory changes.

Skills

Regulatory compliance

ERISA knowledge

Regulatory updates

Audit coordination

Communication skills

Education

Bachelor's degree in Finance, Accounting, Business

Tools

MS Office

Job description

1st Source Bank is seeking a Compliance Officer for Retirement Plan Services in South Bend, IN. The role ensures all retirement plans comply with ERISA, IRS, and DOL regulations and coordinates audits and plan onboarding.

The candidate will monitor regulatory updates, oversee Form 5500 filings, and manage disclosures while guiding internal teams and clients on regulatory changes. Strong communication and analytical skills are essential.