Midland States Bank

Retirement Plan Officer/Consultant

Rockford, IL, USA · Mid

Sponsorship not specified$90k-$120kDetected 91 days ago

Business DevelopmentPerformance ManagementResearchCommunicationCollaborationAdaptability

About the role

Ensures delivery of services and communications to plan sponsors, trustees, administrators, and participants.
Periodically reviews account fee schedules using Retirement Plan Services Pricing Model to determine the appropriate fee schedule for accounts that results in a profitable relationship for the client and the Bank.
Uses technical, compliance and plan knowledge to solve plan issues and communicate resolutions to clients.

Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Consults with clients about plan designs to best meet goals of their program.
Develops new and additional business among existing customers.
Service management includes, but is not limited to, ensuring that employers complete all IRS and DOL documents and amendments.
May require work in a Midland office to ensure collaboration and support of internal and external customers.

If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
Accurate and timely maintains account files, including correspondence, memoranda, and other required documentation.
Obtains all required documentation to open new accounts and to close accounts.
Bachelor's Degree (four-year college or university).

Collaborates with Retirement Plan Administrator to complete annual compliance testing and ensures accuracy per plan elections, as needed.
$89,950 - $119,950+ annually
Develops and manages qualified and non-qualified retirement plans (401(k), 403(b), 457, profit sharing, deferred compensation, top hat, and defined benefit) established by employers by interacting with employers through correspondence, face-to-face and virtual meetings, and employer's centers of influence (attorneys, accountants, consultants, and advisors).

for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off.
Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan.
Incentives and benefits are subject to eligibility requirements.
Retirement Plan Officer/Consultant
At Midland States Bank, base salary is one component of our Total Rewards program.
Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience.
This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards).
3-10 years of previous experience in administering and servicing retirement plans with a comprehensive understanding and knowledge of ERISA and federal regulations associated with the retirement plan industry.
3-5 years previous experience in investment management or advanced credentials or certifications in investments or administration of retirement plans.
Being flexible and adaptable

This listing is sourced directly from Midland States Bank's careers page and normalized into a canonical job model.