Retirement Plan Administrator

4 weeks ago


Walnut Creek, California, United States Mechanics Bank Full time

At Mechanics Bank, we are seeking a skilled Retirement Plan Administrator to oversee the administration of various retirement accounts, including 401(k) and IRA plans. This role will involve working closely with plan administrators, actuaries, and plan consultants to ensure accurate and timely processing of account transactions.

Key Responsibilities:

  • Account setup and termination, contributions and distributions, asset purchases and sales, trust accounting statement production, IRS reporting, payment of fees, and participant loans.
  • Ensuring accuracy of all IRS reporting documents for tax reporting.
  • Managing client reviews and ensuring a positive client experience.
  • Serving as a point of contact for plan sponsors, plan actuaries, attorneys, clients, and vendors.
  • Locating and introducing potential business clients to our small business retirement services solution.
  • Working with plan retirees and term-vested participants regarding plan benefit options.

Requirements:

  • 2-year Associate's degree highly preferred, but equivalent experience will be considered.
  • 3 years of related experience in a financial institution required.
  • Charter Retirement Specialist (CRPS) or equivalent certification.
  • IRA Specialist certification (CISP).
  • Customer service experience preferred.

Pay Range: $25-36 hourly. Final compensation package will be determined by work experience, education, and/or skill level of the applicant, along with internal equity and alignment with geographic market data.

Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation, or other bases prohibited by applicable law.



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