Senior Retirement Plan Operations Specialist

First Bank Trust; Sioux Falls (SD); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Equal Opportunity Employer

Job summary

First Bank & Trust is seeking a Retirement Plan Services Administrator II to provide experienced administrative, technical, and client service support for routine to moderately complex employer-sponsored retirement plans, including 401(k), 457(b), pension, and profit-sharing plans.

This role independently handles plan administration, resolves recordkeeping discrepancies, communicates with sponsors and participants, and supports annual administration, participant education, and plan conversions.

Qualifications

• Bachelor's degree and six years of relevant experience.
• Experience in retirement plan administration, trust operations, payroll, accounting, or banking.
• Strong analytical skills, accuracy, attention to detail, and excellent communication.
• Ability to manage multiple tasks, meet deadlines, and resolve routine problems.

Responsibilities

• Independently manage plan administration and recordkeeping for assigned retirement plans.
• Process payroll contribution files, deferrals, employer contributions, loans, and related transactions.
• Reconcile contributions, distributions, forfeitures, earnings, and plan balances between systems.
• Serve as a point of contact for participant loans, distributions, hardship requests, and rollovers.
• Administer participant and plan data, enrollment records, elections, and beneficiary information.
• Perform and review compliance testing (ADP/ACP, top-heavy, deferral limits, etc.).
• Identify testing failures, data inconsistencies, and recommend corrective action.
• Support Form 5500 preparation and annual reporting with data gathering.
• Maintain knowledge of ERISA, IRS, and DOL requirements for qualified plans.
• Provide backup support and training to junior administrators.

Skills

Analytical thinking

Attention to detail

Effective communication

Plan administration

Recordkeeping

Problem solving

Education

Bachelor's degree

Job description

First Bank & Trust is seeking a Retirement Plan Services Administrator II to provide experienced administrative, technical, and client service support for routine to moderately complex employer-sponsored retirement plans, including 401(k), 457(b), pension, and profit-sharing plans.

This role independently handles plan administration, resolves recordkeeping discrepancies, communicates with sponsors and participants, and supports annual administration, participant education, and plan conversions.