Associated Insurance Agencies, Inc.

401K Analyst

Associated Insurance Agencies, Inc.

full-time

Posted on:

Location Type: Hybrid

Location: Rolling Meadows • Illinois • United States

Visit company website

Explore more

✨ AI Apply
Apply

Salary

💰 $60,000 - $70,000 per year

About the role

  • Serve as a key point of contact for a dedicated block of clients, responding to inquiries regarding plan provisions, contributions, distributions, and compliance matters.
  • Communicate with Client regarding employee education, meeting scheduling and meeting minutes.
  • Facilitate plan-level transactions, including distributions, rollovers, loans, and Qualified Domestic Relations Orders (QDROs).
  • Assist with the onboarding of new clients and the implementation of new retirement plans.
  • Prepare and review new client documentation and new client onboarding.
  • Prepare and review annual reporting documents, including Form 5500 filings and supporting schedules, in collaboration with senior team members.
  • Monitor plan operations to ensure adherence to plan documents and ERISA regulations.
  • Stay current on legislative and regulatory changes affecting qualified retirement plans.
  • Prepare quarterly and annual investment monitoring reports for client review meetings, analyzing fund performance, fees, and asset allocation.
  • Assist senior consultants in conducting plan design analysis, benchmarking studies, and vendor fee comparisons.
  • Generate custom reports and financial models to support client decision-making and strategic plan reviews.
  • Act as a liaison between clients, recordkeepers, third-party administrators (TPAs), and auditors to resolve issues and ensure seamless plan operation.
  • Support the coordination of employee education meetings and the development of communication materials to drive participant engagement and financial wellness.

Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field is required.
  • 2-5 years of direct experience in 401(k) plan administration, compliance, or a related role at a brokerage, TPA, recordkeeper, or consulting firm.
  • Strong understanding of ERISA, DOL, and IRS regulations governing qualified retirement plans.
  • Proficiency in Microsoft Office Suite, particularly Excel (VLOOKUP, pivot tables, complex formulas).
  • Experience with retirement plan recordkeeping platforms (e.g., Fidelity, Schwab, Empower, Principal) and/or compliance software (e.g., Relius, Ft William) is highly preferred.
Benefits
  • Hybrid work schedule
  • Bonus eligibility
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
401(k) plan administrationcompliancefinancial modelingplan design analysisbenchmarking studiesinvestment monitoringreport preparationdata analysisVLOOKUPpivot tables
Soft Skills
communicationclient managementproblem-solvingorganizational skillsteam collaborationattention to detailanalytical thinkingtime managementfacilitationemployee education