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Specialist I, RPS Recordkeeping

1st Source Bank

in South Bend IN

Logo for 1st Source Bank

POSITION SUMMARY
Responsible for the administration of fifty (50) – seventy (70) Qualified Retirement Plans. Must comprehend and navigate numerous complex legislative and governmental compliance issues associated with such plans and provides outstanding customer service to our clients and their employees.

ESSENTIAL REQUIREMENTS

  • Administers qualified plans and responsible for the following:
  • Processes participant distributions and loans
  • Census analysis and determination of participant eligibility
  • Reconciles trust accounts and contributions
  • Calculates and allocates contributions (including cross-testing and safe harbors)
  • Performs non-discrimination/compliance testing (ADP/ACP, 415, 416, 410(b) and/or 401(a)(4))
  • Files appropriate government forms: Form 5500, Form 8955-SSA, Form 5330, Form 1099-R, etc.
  • Complies with the continuing education requirements relevant to professional designation(s).
  • Responsible for the completion of all compliance training related to the position.
  • Must understand all applicable laws and regulations that apply to the position and comply with the requirements.
  • Performs all other duties as assigned.

EXPERIENCE/SKILLS

  • Three (3) to (7) years of experience in 401(k) administration preferred.
  • Microsoft Office skills required, experience with FIS Relius Administration software a plus.
  • Strong verbal and written communication skills.
  • Excellent analytical skills, attention to detail and high level of accuracy.
  • Ability to independently manage workload and prioritize duties.
  • Develop effective working relationships with clients and maintain client communications.

EDUCATION/CERTIFICATION

  • Bachelor's degree in Accounting, Finance or related field preferred.
  • Qualified Pension or 401(k) Administrator certification is a plus (QPA, QKA).

TRAVEL REQUIREMENTS
Ability to travel for meetings, projects or training as needed.

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT
MS Office PC, fax, phone and standard office equipment.

EQUAL OPPORTUNITY EMPLOYER - M/F/D/V

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