Job Details | Defined Contribution Retirement Plan Administrator - Elk Grove Village

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First American Bank

 Location: Elk Grove Village, IL 60007 Document ID: A7134-06BE Posted on: 2013-06-0606/06/2013 Job Type: Regular

Job Schedule:Full-time
2013-07-06
 

Defined Contribution Retirement Plan Administrator - Elk Grove Village

This hourly (non-exempt) entry-level position is responsible for the third party administration of defined contribution plans and other retirement benefits at HPL&S (a subsidiary of First American Bank).

DUTIES AND RESPONSIBILITIES

Compile and review trust financial statements.

Reconcile mutual fund accounts and process transactions.

Responsible for participant recordkeeping.

Perform compliance testing (ADP/ACP, top heavy, 415, cross testing).

Allocate employer contributions.

Prepare various governmental reporting forms including Forms 5500 and 1099-R.

Calculate amount available for loans and process necessary paperwork.

Communicate directly with clients and their professional advisors regarding plan administration.

Prepare and process distribution packages for terminated, retired or deceased plan participants.


QUALIFICATIONS

Associates degree in Finance, Accounting or Economics required. Bachelor's degree preferred.

Years of experience in retirement plan administration: 0 - 3 years. Business experience preferred, but not required. We provide extensive training.

Must possess great organizational skills with strong attention to detail.

Excellent verbal and written communication skills are required.

Experience with Microsoft Word and Excel required. Experience with Relius Administration a plus, but not required.

Scheduled hours are typically 8:00AM-5:00PM. Flex hours available. Additional hours required January through March and as needed for special projects.
     
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