1st Source
Recordkeeping Specialist I, Retirement Plan Services, South Bend, IN
1st Source, South Bend, Indiana, us, 46626
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 REQUIREMENTSAdministers qualified plans and responsible for the following:Processes participant distributions and loansCensus analysis and determination of participant eligibilityReconciles trust accounts and contributionsCalculates 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
One (1) to three (3) 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 DEMANDSThe 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/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
ESSENTIAL REQUIREMENTSAdministers qualified plans and responsible for the following:Processes participant distributions and loansCensus analysis and determination of participant eligibilityReconciles trust accounts and contributionsCalculates 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
One (1) to three (3) 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 DEMANDSThe 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/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)