Defined Contribution Retirement Plan Manager - First American Bank

First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.

This position manages the staff as well as oversees the administration of assigned plans for one of the defined contribution teams within the Retirement Plan Services division. This individual will take a lead role for this team and work alongside the other department managers to ensure the accuracy and timeliness of all administration work

DUTIES & RESPONSIBILITIES:

Provide the required services to properly administer and retain a caseload of small to medium size retirement plans (inclusive of 401(k), profit sharing, ESOP, Non-Qualified, 403(b), Cafeteria/Welfare Benefit Plans).

Review and interpret plan documents to understand all plan parameters and compliance related items.

Complete review of full plan administration for completeness and accuracy (i.e., all compliance testing, plan investment account reconciliations, eligibility and vesting determination, calculation and allocation of employer contributions, governmental reporting forms, loans/distributions, etc.)

Communicate and consult directly with plan sponsors, plan participants and professional advisors with respect to assigned plans.

Assign and manage workload to ensure accuracy and completeness in a timely manner.

Train and mentor staff, perform annual performance reviews, and interview new candidates for the department.

Communicate with Retirement Plan Consultants and staff on all aspects of plan administration and discuss problematic issues and consult on corrective measures.

Maintain knowledge of current and proposed retirement plan legislation as well as identify industry trends.  

QUALIFICATIONS:

Bachelor’s degree preferred. 

Professional credentials (i.e., ERPA, QKA, etc.) a plus.

Minimum of five years in third party administration in the retirement plan industry with a high degree of familiarity and understanding of ERISA and the Internal Revenue Code required. 

Excellent verbal and written communication skills required.  

Excellent organizational skills.  

Must be self-motivated.
  
Must have advanced proficiency with Microsoft Office products, including Word and Excel. 

Relius Administration and FT William 5500 software experience preferred, but not required.

Local travel may be required.
  
Typical scheduled hours are Monday through Friday 8:00 -5:00. 

Longer hours may be required as workload dictates.