Current jobs related to Defined Contribution Retirement Plan Senior Administrator - Elk Grove Village, Illinois - First American Bank


  • Elk Grove Village, Illinois, United States PepsiCo Full time

    Job Description:This position contributes to the success of PepsiCo by providing administrative support to the Chicago location.Key Responsibilities:PCard owner and reconciliationSupplier/BP number requesterAR Advocate Reporting - Tmp ChargeNSF - period reconciliation - Aged - eChecksSettlement back up - daily support that is neededCaleroMail-Phone-Front...


  • Elk Grove Village, Illinois, United States PepsiCo Full time

    PepsiCo, IncJob Responsibilities:As an Administrative Assistant at PepsiCo, you will provide administrative support in a professional, confidential, and organized manner. This includes maintaining calendars, scheduling meetings, monitoring email, and responding to issues in a timely and efficient manner.You will also be responsible for answering and...


  • Downers Grove, Illinois, United States THE TRAVELERS INDEMNITY COMPANY Full time

    About the Role:The Senior Administrative Assistant will provide complex administrative support to senior management, relieving them of routine administrative details. This role requires considerable discretion and independent judgment in facilitating overall department operations.Key Responsibilities:Handles complex administrative assignments of a broad and...


  • Elk Grove Village, Illinois, United States Broetje-Automation Full time

    Job Title: Senior Electrical EngineerPosition Overview: We are seeking a highly skilled Senior Electrical Engineer to join our team at Broetje Automation. As a key member of our electrical and controls engineering team, you will be responsible for designing and developing large automated systems from initial concept through installation and customer buy...


  • Elk Grove Village, Illinois, United States Broetje-Automation Full time

    Job Title: Senior Controls EngineerJob Type: Full timeBroetje Automation is a leading expert in aircraft manufacturing automation and robotics, working with top industry names.Global Presence:Our company has worldwide locations, including Germany, the USA, France, the United Kingdom, China, and Japan.US Locations:We have locations in Charleston (SC),...


  • Elk Grove Village, Illinois, United States Graphic Packaging International Full time

    About the Role:We are seeking a highly skilled Senior Account Executive to join our team at Graphic Packaging International. As a key member of our sales team, you will be responsible for developing and maintaining strong relationships with our customers, driving business growth, and delivering exceptional customer service.Key Responsibilities:Develop and...


  • Elk Grove Village, Illinois, United States Maman Corp Full time

    Job OverviewMaman Corp is seeking a highly motivated and detail-oriented Construction Project Administrator to join our team. As a key member of our construction team, you will be responsible for providing administrative support to project managers, ensuring the smooth execution of construction projects.Key ResponsibilitiesAccurately read and interpret...


  • Elk Grove Village, Illinois, United States ASSA ABLOY Full time

    Unlock Your Sales Potential with Our TeamAt ASSA ABLOY, we're seeking a highly skilled Senior Sales Professional to join our team as an Automatic Doors Specialist. This is an exciting opportunity to leverage your exceptional sales skills and industry knowledge to drive business growth and success.About the RoleWe're looking for a seasoned sales professional...


  • Elk Grove Village, Illinois, United States PeopleReady Full time

    Job Description: As a Sales Support and Office Administration professional at PeopleReady, you will play a vital role in ensuring the smooth operation of our sales team. Your primary responsibilities will include communicating with corporate offices about sales reports, gathering raw data and preparing sales reports, plans, and income balances, coordinating...


  • Elk Grove Village, Illinois, United States ADI Global Full time

    Job Title: Pro AV Senior Account ManagerResideo is seeking a highly skilled Pro AV Senior Account Manager to join our team. As a key member of our sales organization, you will be responsible for managing all aspects of engagements with existing and new customers for our organization.Key Responsibilities:Identify opportunities and build credibility with...


  • Elk Grove Village, Illinois, United States First American Bank Full time

    Job Title: Technical Support Analyst ManagerJob Summary:First American Bank is seeking a highly skilled Technical Support Analyst Manager to join our team. As a Technical Support Analyst Manager, you will be responsible for managing a team of technical support analysts and providing technical support to all business units of the bank.Key Responsibilities:...


  • Downers Grove, Illinois, United States THE TRAVELERS INDEMNITY COMPANY Full time

    About the Role:This Sr. Administrative Assistant position is a critical component of our senior management team, providing complex administrative support to facilitate overall department operations.Key Responsibilities:Handles complex administrative assignments of a broad and varied nature to relieve senior management of routine administrative...


  • Elk Grove Village, Illinois, United States Illinois Employer Full time

    Job SummaryThis role is responsible for the development of mechanical components, assemblies, and systems for new and existing products. The ideal candidate will have a strong background in manufacturing process development and a proven track record of successfully launching new processes.Main Responsibilities- Develop and validate existing and new...


  • Elk Grove Village, Illinois, United States KTA-Tator, Inc. Full time

    Job OpportunityKTA-Tator, Inc. is a leading materials engineering firm seeking experienced Senior Coatings Inspectors to join our team. As a certified coatings professional, you will be responsible for inspecting and evaluating coatings on bridges and other structures.Key Responsibilities:Inspect and evaluate coatings on bridges and other structuresConduct...


  • Elk Grove Village, Illinois, United States Broetje-Automation Full time

    Job Title: Lead Controls EngineerPosition Overview: We are seeking a highly skilled Lead Controls Engineer to join our team at Broetje Automation. As a key member of our electrical and controls engineering team, you will be responsible for designing and implementing control systems for our industrial automation solutions.Key Responsibilities: Act as an...


  • Downers Grove, Illinois, United States Travelers Insurance Full time

    Administrative Support RoleThe Administrative Support Professional will provide complex administrative support to senior management, handling a broad and varied range of tasks to relieve senior management of routine administrative details.Key Responsibilities:Coordinates inter-departmental or department-wide administrative projects, such as broad...


  • Elk Grove Village, Illinois, United States Resideo Full time

    Job OverviewWe are seeking an experienced Senior Pro AV Account Manager to join our team in Michigan and Illinois. This role will be responsible for managing all aspects of engagements with existing and new customers, building relationships, and understanding customer business needs.Key Responsibilities:Identify opportunities to drive growth and sales within...


  • Elk Grove Village, Illinois, United States Ascension Full time

    At Ascension Living, we are dedicated to providing exceptional care and support to our patients, and we are seeking a skilled Caregiving Specialist to join our team.As a Caregiving Specialist with Patient Support, you will be responsible for administering prescribed medications to patients under the supervision of a Registered Nurse (RN) or Licensed...


  • Elk Grove Village, Illinois, United States Ascension Full time

    Unlock a Rewarding Career in Senior CareAt Ascension Living, we bring together personalized care, exceptional services, and a balance of city comforts and cultural opportunities in our beautiful communities.We are committed to providing services, amenities, opportunities, and support so seniors can enjoy living healthier and happier at every age and stage.As...


  • Elk Grove Village, Illinois, United States USG Insurance Services, Inc. Full time

    About USG Insurance Services, Inc.USG Insurance Services, Inc. is a leading national wholesale broker and managing general agent (MGA) with a strong presence across the nation. Our extensive network spans over 400 different markets, and we proudly write business in all 50 states.We take pride in our continuous recognition as a Top Insurance Workplace over...

Defined Contribution Retirement Plan Senior Administrator

1 month ago


Elk Grove Village, Illinois, United States First American Bank Full time
Job Description:

First American Bank is a community bank 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.

This position specializes in the design and administration of complex defined contribution retirement plans for small to medium-sized businesses. The individual is responsible for calculating data and evaluating the plan to ensure compliance with legislative rules and regulations.

Duties & Responsibilities:
  • Interpret trust financial statements and exercise judgment to determine required documentation for specific transactions and evaluate First American Bank's ability to act upon a request.
  • Independently 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.
  • Maintain knowledge and serve as a subject matter expert of retirement plan legislation and possess extensive knowledge of ERISA laws and regulations.
  • Adapt policies/procedures to satisfy regulatory requirements and mentor other colleagues on procedures/guidelines.
  • Effectively communicate regulatory information and requirements to clients in a way that can be easily understood.
  • Review and interpret retirement plan documents.
  • Reconcile census data to determine plan eligibility.
  • Calculate and allocate employer contributions.
  • Calculate and update vesting.
  • Prepare trust financial statements.
  • Prepare required governmental reporting forms.
  • Prepare and process distribution packages for terminated, retired, or deceased plan participants.
  • Calculate the amount available for loans and process loan paperwork.
  • Review QDROs, calculate and process distributions to the alternate payee.
  • Administer daily valuation plans, including processing payroll contributions, loan payments, dividends, participant transfers, and distributions.
  • Consult directly with clients and their professional advisors regarding plan administration, compliance testing, loans, and distributions.
  • Communicate with external auditors regarding plan audits.
  • Manage time and assignments to ensure work is completed within guidelines.
  • Communicate with prior TPA, investment advisor, and client on takeover plans.
  • Accompany relationship manager to meetings with clients and plan participants.
Qualifications:
  • Bachelor's degree with an emphasis in Finance, Accounting, Math, Economics, or related field preferred.
  • Minimum four years of experience including recordkeeping, compliance testing, plan conversions, and trust accounting or comparable experience required.
  • High degree of technical/legal knowledge including familiarity with Internal Revenue Code and ERISA as they apply to qualified plans.
  • Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively.
  • Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats.
  • Maintain credibility through professional demeanor, appearance, and presence.
  • Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills.
  • Use sound professional judgment to balance the interests of the organization and customer.
  • Proficiency with Microsoft 365 products and applications.
  • Demonstrated ability to learn new systems and applications.
  • Experience with Relius administration and FT William 5500 software preferred.
  • Occasional travel to other First American Bank locations, Bank functions, and training facilities may be required.
  • Typical hours are Monday through Friday 8:00 a.m. to 5:00 p.m. Additional hours may be required depending upon business need.