Retirement Plan Operations & ESOP Compliance Specialist

Fishback Financial Corporation; United States; On-site; USD 65,000 - 90,000; Full time

Job summary

First Bank & Trust seeks a Retirement Plan Services Specialist to support the Recordkeeping Supervisor and Officers with Pension, 401(k), 457(b) and Profit-Sharing Plans. You will prepare allocations, statements, and gather census data while reviewing testing data for accuracy.

You will conduct testing, report results to clients and internal teams, and ensure compliance with IRS/ERISA/DOL rules. A Bachelor's degree in business, finance, or accounting and several years' trust experience are

Qualifications

• Bachelor's degree in business administration, finance, or accounting required.
• Five years of prior trust or accounting experience required or equivalent.
• Good written and oral communication skills required.

Responsibilities

• Establish and maintain employee benefit plans on the participant recordkeeping system per the plan's adoption agreement.
• Maintain enrollment, investment elections, and beneficiary/withdrawal forms.
• Input employee deferrals on the recordkeeping system and verify deposits with clients.
• Place mutual fund trades and settle next day.
• Verify balances prior to posting to accounts.
• Handle participant and plan sponsor calls regarding distributions, loans, and rollovers.
• Export prices from trust accounting system to the participant recordkeeping system daily.
• Balance Employee Benefit Trust Funds by plan in Relius.
• Complete WEB database moves and verify sample balances by plan and participant.
• Reconcile Trust Funds to the recordkeeping system daily/quarterly including contributions and distributions.
• Prepare participant statements, allocation reports, and annual investment reports.
• Stay updated on ERISA/IRS/DOL rules and regulations.

Skills

Communication skills

Computer science knowledge

Education

Bachelor's degree in business administration, finance, or accounting

Tools

Relius retirement system

Recordkeeping system

Job description

First Bank & Trust seeks a Retirement Plan Services Specialist to support the Recordkeeping Supervisor and Officers with Pension, 401(k), 457(b) and Profit-Sharing Plans. You will prepare allocations, statements, and gather census data while reviewing testing data for accuracy.

You will conduct testing, report results to clients and internal teams, and ensure compliance with IRS/ERISA/DOL rules. A Bachelor's degree in business, finance, or accounting and several years' trust experience are