Retirement Plan Operations Specialist

bankeasy; Sioux Falls (SD); On-site; USD 60,000 - 90,000; Full time

Job summary

First Bank & Trust is seeking a Retirement Plan Services Specialist to support the Recordkeeping Supervisor and Officers in servicing Pension, 401(k), 457(b), and Profit-Sharing plans.

You will prepare participant statements, gather census data, run testing, and communicate results to clients and internal teams. The role requires a Bachelor's degree and several years of plan experience, with strong written and verbal communication skills.

Qualifications

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

Responsibilities

• Establish and maintain employee benefit plans on the participant recordkeeping system per the plan's adoption agreement.
• Maintain enrollment, investment elections, beneficiary and withdrawal forms.
• Input employee deferrals and verify deposits; place mutual fund trades and settle
• Balance and reconcile plan accounts; generate reports by plan.
• Gather census data and prepare participant statements, allocation reports, and annual reports.
• Monitor compliance with IRS, ERISA, DOL rules and complete required testing.
• Prepare signature-ready Form 5500 and schedules; handle 1099-R forms.
• Perform duties of Retirement Plan Services Specialist when needed.
• Adhere to company policies and participate in required training.

Skills

Written communication

Oral communication

Education

Bachelor's degree in business/finance/accounting

Tools

Relius retirement system

WEB database moves

Job description

First Bank & Trust is seeking a Retirement Plan Services Specialist to support the Recordkeeping Supervisor and Officers in servicing Pension, 401(k), 457(b), and Profit-Sharing plans.

You will prepare participant statements, gather census data, run testing, and communicate results to clients and internal teams. The role requires a Bachelor's degree and several years of plan experience, with strong written and verbal communication skills.