Defined Contribution Retirement Plan Senior Administrator
First American Bank (Elk Grove Village IL / Hybrid)
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in Colorado Springs CO / Hybrid
Company Description:
We are an expanding, competitive firm harnessing cutting-edge technology to deliver exceptional 403(b) and 401(k) retirement plans while ensuring unparalleled client satisfaction. Our passion is rooted in fostering a positive impact through the promotion of biblical financial stewardship. Partnering closely with faith-based communities—such as churches, mission organizations, rescue missions, retreat centers, and other 501(c)(3) entities and individuals—we are dedicated to this shared mission. Our team is composed of devoted professionals who value their integral role within an organization that actively transforms lives and contributes meaningfully to society.
Position Title: Sr. Retirement Plan Administrator
Department: Third Party Administration (TPA)
Role Description:
The Sr. Retirement Plan Administrator is responsible for compliance testing and reporting on the 401(k) and 403(b) qualified plans. Prepares all IRS & DOL (EBSA) required reports, Including Form 5500 and related schedules for all plans in a timely manner with exceptional quality. Completes year-end and mid-year non-discrimination testing for clients as required by the Internal Revenue Service (IRS) to ensure compliance.
Key Responsibilities:
Compliance Oversight:Spearheads compliance testing for 401(k) and 403(b) plans to guarantee adherence to IRS regulations. Executes checks to validate plan eligibility, contribution limits, and non-discrimination aspects.
Regulatory Reporting:Takes charge of preparing and filing all essential IRS and DOL (EBSA) required reports. This includes, but is not limited to, the preparation of Form 5500 and associated schedules for all plans, ensuring timely submission with an unwavering commitment to exceptional quality.
Non-DiscriminationTesting: Conducts thorough mid-year and year-end non-discrimination testing mandated by the IRS. This critical evaluation ensures fairness and compliance across the plans and protects against any discriminatory practices.
Client Collaboration:Engages with clients to understand their specific requirements and conducts necessary tests and assessments to ensure their plans meet regulatory standards. Provides guidance and recommendations to ensure optimal plan structure and compliance. Some of these activities may include, but not limited to:
Plan Consulting:
Team Collaboration and Leadership:
Organizational Relationships:
The Sr. Retirement Plan Administrator will report to the head of Retirement Plan Services and perform the functions within the overall team environment.
Position Requirements and Competencies:
Qualifications:
Interpersonal:
Personal Attributes:
Position Type:Full-time
FLSA Status:Exempt
Work Setting:In-person and remote (Hybrid)
Travel:May require in-state or out-of-state travel
Benefits:Personal Benefit Allowance, Retirement Benefits, Generous PTO, Life Insurance
Pay Scale:$72,000-$80,000/year
Disclosure: This job description is not meant to be an all-inclusive statement of every duty and responsibility that will ever be required of an employee in the job.
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Envoy Financial
has trusted BenefitsLink to help reach qualified candidates for this opening.