Senior Cash Balance and 401k Retirement Account... @ Alerus
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Job Details
About Alerus
Alerus is a commercial wealth bank and national retirement provider dedicated to helping clients reach their financial goals. We emphasize integrity, valued advice, and guidance while fostering collaboration and innovation among team members.
Core Values
Passion for Excellence, Success is Never Final, Do the Right Thing, One Alerus.
About the Role
In the role of Senior Cash Balance and 401k Retirement Account Administrator, you will direct workflow, support strong communication, and use sound judgment and leadership to ensure proper administration of a diverse portfolio of retirement plans, including complex cash balance and defined contribution plans. You will serve as a technical expert and act as a resource for resolving complex issues and regulatory changes.
Key Responsibilities
- Monitor receipt of plan census data for non-discrimination testing and Form 5500 reporting.
- Collaborate with the Manager to resolve technical, service, and compliance issues.
- Interpret plan documents and contract provisions for problem resolution.
- Facilitate plan amendment requests.
- Ensure timely and accurate compliance work.
- Conduct research on Form 5500 items and non-discrimination testing.
Qualifications
Minimum 6+ years experience in complex plan administration including cash balance and defined contribution plans. ASPPA’s QKA certification (or equivalent) is required. Excellent communication, organization, and client service skills; ability to work independently; proficiency in Microsoft Word and Excel; and willingness to work overtime as needed.
What Alerus Offers
- Competitive compensation including base salary, bonus and/or incentive opportunities.
- A comprehensive benefits package with medical, dental, vision, life, and disability insurance.
- 401k and ESOP retirement savings plans.
- Generous paid time off and flexible leave programs.
- Learning and development resources for career advancement.
- Support for community involvement through volunteer programs and donation matches.
Work Environment
The work is performed in an office setting with extended sitting periods and occasional material handling up to 20 pounds.
Base Pay Range
$75,000 - $85,000 annually
Key skills/competency
- Retirement Plans
- Cash Balance
- 401k
- Compliance
- Form 5500
- Non-discrimination Testing
- Plan Administration
- Technical Expertise
- Client Service
- Regulatory Research
How to Get Hired at Alerus
🎯 Tips for Getting Hired
- Customize your resume: Highlight relevant retirement plan experience.
- Showcase certifications: Emphasize ASPPA QKA or equivalent.
- Tailor your cover letter: Include compliance and technical skills.
- Prepare for interviews: Review complex plan administration scenarios.