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Defined Contribution Retirement Plan Administrator

First American Bank

in Elk Grove Village IL

Job Description

First American Bank is a family owned, full-service bank with over 50 locations in Illinois, Florida, and Wisconsin. Our mission is simple: to offer competitive banking products with the personal attention and service customers deserve. First American Bank can offer employees a level of visibility and stability that is difficult to find in many larger corporations. We are looking for people who want a career - not just a job!

This is an hourly (non-exempt) position which specializes in the design and administration of approximately 600 retirement plans that range up to 3,000 participants for small to medium-sized businesses that are primarily located within the Midwest.

Duties & Responsibilities:

  • Compile and review trust financial statements.
  • Review employee census data to determine plan eligibility.
  • Prepare management summary reports and participant statements.
  • Perform compliance and nondiscrimination testing including ADP/ACP, 410(b) coverage, top heavy, 415 annual addition limits and cross testing.
  • Allocate employer contributions under cross tested, pro-rata and integrated formulas.
  • Prepare various governmental reporting forms including Forms 5500 and 1099-R.
  • Communicate directly with clients and their professional advisors regarding plan administration.
  • Calculate amount available for loans and process necessary paperwork.
  • Prepare and process distribution packages for terminated, retired or deceased plan participants.


  • Bachelor’s degree with an emphasis in Finance, Accounting, Math, Economics or related field preferred.
  • Business Experience or Defined Contribution experience a plus, but not required.
  • We provide extensive training for this position.
  • Strong verbal and written communication skills.
  • Great organizational skills and strong attention to detail.
  • Aptitude for math and analytical tasks.
  • Great organizational skills and strong attention to detail.
  • Strong computer skills including experience with Word and Excel.
  • Experience with Relius Administration and FT William software a plus, but not required.
  • Local

Scheduled hours are typically 8:00am-5:00pm.

Flex hours available.

Additional hours may be required during busy season (January to April) and other times as needed.

First American Bank is an Equal Opportunity Employer

First American Bank will not sponsor applicants for work visas.

How to Apply

Please click here to view the job listing on our web site, and to formally apply.  

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