Associated Insurance and Risk Management Advisors ยท 11 hours ago
401K Analyst
Rolling Meadows, IL
Full-time
Hybrid
Entry, Mid Level
$60K/yr - $70K/yr
2+ years expAssociated Insurance and Risk Management Advisors is one of the top privately held insurance and risk management firms in the country. They are seeking a 401K Analyst to provide analytical, administrative, and client service support for clients' retirement plans, ensuring compliance and effective management of retirement benefit programs.
Financial ServicesInsurance
Responsibilities
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
Qualification
Required
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)
Exceptional analytical skills and a high degree of accuracy and attention to detail
Excellent written and verbal communication skills, with an ability to explain complex topics clearly and concisely
Strong organizational and time-management abilities, capable of managing multiple clients and deadlines simultaneously
A client-centric mindset with a commitment to delivering outstanding service
Proactive problem-solver who can work both independently and as part of a collaborative team
Preferred
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
Company
Associated Insurance and Risk Management Advisors
Associated is a 130+ year old privately owned insurance and risk management advisor, committed to going above and beyond for our employees, clients and carriers because your future is our present.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Nikki (.
Executive Assistant to the CEO
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