Employee Benefits Coordinator

3 weeks ago


Rockford, Illinois, United States Midland States Bank Full time
About the Job
"We are seeking a highly skilled and motivated Retirement Plan Administrator to join our team at Midland States Bank. In this role, you will be responsible for ensuring the smooth administration of our clients' retirement plans, including daily tasks, compliance, and client communication. If you have a strong background in retirement plan services, excellent communication skills, and a passion for customer service, we encourage you to apply.
"Responsibilities
"* Collaborate with our third-party administrators to ensure day-to-day retirement plan administration is completed in compliance with all state and federal regulations.
"* Respond to client inquiries and provide support regarding plan administration issues.
"* Interpret retirement plan documents, as needed, to ensure accurate administration.
"* Conduct regulatory/compliance research, reading, and reporting, as necessary, to stay up-to-date on industry developments.
"* Assist with annual compliance testing reports and filings, ensuring timely completion and accuracy.
"* Prepare Employee Enrollment/Education materials, ensuring clear communication with clients and employees.
"* Review plan sponsor payroll files or spreadsheets, submitting data as needed, to ensure seamless administration.
"* Research issues and field questions from company owners, plan sponsors, human resources, and payroll personnel to resolve problems efficiently.
"* Provide quality service to meet customer needs and resolve problems promptly.
"* Occasionally travel for training and team meetings, demonstrating flexibility and adaptability.
"Requirements
"* Bachelor's degree or equivalent experience in Retirement Plan Services.
"* 1-3 years related experience in banking, trusts, or retirement plans.
"* Strong understanding of different retirement plan types and their administration requirements.
"* Ability to read and interpret retirement plan documents accurately.
"* Skilled in building strong client relationships and communicating effectively.
"* Knowledge of retirement plan administration and record-keeping is preferred.
"What We Offer
"* Competitive salary: $65,000 - $85,000 per year, depending on experience.
"* Opportunities for professional growth and development within the company.
"* Collaborative and supportive work environment with a team-oriented approach.
"* Recognition and rewards for outstanding performance and contributions to the company.
"* Comprehensive benefits package, including health insurance, retirement plan, and paid time off.
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