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Defined Contribution Jobs in Chicago, IL (NOW HIRING)

Aon

Consulting Analyst- Defined Contribution

Chicago, IL · On-site

$65K - $85K/yr

The Consulting Analyst - Defined Contribution is responsible for providing analytical support, collaborating with consultants and team members to deliver accurate and insightful analysis for defined ...

Strongpoint Partners

DC Plan Administrator

Chicago, IL · On-site +1

$75K - $95K/yr

This is an opportunity to work independently while collaborating with a high-performing team, using your expertise in ERISA and defined contribution plans to make a real impact. Enjoy a flexible ...

Vibehackers

Staff Software Engineer

Chicago, IL · On-site

$150 - $200/hr

Savings & Retirement benefits (401K and Defined Contribution) * Healthcare benefits with company contribution to Health Savings Account * Adoption assistance * Employee Assistance Programs * Tuition ...

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All JobsDefined Contribution JobsDefined Contribution Jobs in Chicago, IL

Defined Contribution information

See Chicago, IL salary details

$31.8K

$71.4K

$173K

How much do defined contribution jobs pay per year?

As of Sep 8, 2026, the average yearly pay for defined contribution in Chicago, IL is $71,423.00, according to ZipRecruiter salary data. Most workers in this role earn between $47,215.00 and $75,955.00 per year, depending on experience, location, and employer.

What is a defined contribution?

A Defined Contribution job typically involves working with employer-sponsored retirement plans, such as 401(k) or 403(b) plans. Professionals in this field assist with plan administration, compliance, investment options, participant education, and regulatory requirements. Roles may include retirement plan specialists, consultants, or administrators who ensure that plans operate smoothly and in accordance with legal guidelines. These jobs require knowledge of financial regulations, plan design, and customer service to support both employers and employees in managing their retirement savings.

What are the key skills and qualifications needed to thrive in a defined contribution position, and why are they important?

To excel in a Defined Contribution role, candidates need a strong background in retirement plan administration, financial analysis, and knowledge of relevant regulations such as ERISA, typically supported by a degree in finance or a related field. Familiarity with recordkeeping platforms, investment management software, and plan compliance tools, as well as certifications like QKA or ASPPA, is often required. Strong attention to detail, client service orientation, and effective communication skills are critical for managing relationships and resolving issues. These competencies ensure accurate plan administration, regulatory compliance, and a positive experience for both plan sponsors and participants.

What are common career paths for professionals in defined contribution roles?

Professionals in Defined Contribution positions often start as plan administrators or analysts, working directly with retirement plans and client inquiries. With experience, many advance to senior administrator, relationship manager, or consultant roles, where they take on larger clients or more complex plans. Opportunities also exist to specialize in compliance, investment consulting, or move into leadership positions within benefits administration, human resources, or financial services firms. The work is highly collaborative, involving regular interaction with employers, financial advisors, auditors, and investment teams. This field offers strong career growth, especially for those who pursue industry certifications and develop deep expertise in retirement plan administration.

What are the most commonly searched types of Defined Contribution jobs in Chicago, IL?

The most popular types of Defined Contribution jobs in Chicago, IL are:

What are popular job titles related to Defined Contribution jobs in Chicago, IL?

For Defined Contribution jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Defined Contribution jobs in Chicago, IL look for?

The top searched job categories for Defined Contribution jobs in Chicago, IL are:

Defined Contribution jobs near you
Infographic showing various Defined Contribution job openings in Chicago, IL as of September 2026, with employment types broken down into 93% Full Time, and 7% Nights. Highlights an 93% In-person, and 7% Remote job distribution, with an average salary of $71,423 per year, or $34.3 per hour.

Senior Defined Contribution Consultant

Chicago, IL • Hybrid

Marsh McLennan
See more jobs at Marsh McLennanexternal

Full-time

Medical, Retirement

Re-posted 3 days ago

Job description

Company:MercerDescription:

We are seeking a talented individual to join our Defined Contribution (DC) team at Mercer, a Marsh business. This role will be based in our Central zone. This is a hybrid role that has a requirement of working at least three days a week in the office.

This position will serve as the lead consultant and advisor to a book of defined contribution clients with plans between $25M and $500M in assets. The DC Consultant will support clients on an ongoing basis with respect to plan investments, plan design and fee benchmarking, recordkeeping vendor management, fiduciary governance practices and employee engagement strategies.

We will count on you to:

  • Present plan review/investment review reports to clients for advisory and OCIO engagements

  • Retain and grow a book of business by developing long-term mutually beneficial relationships with clients and decision makers within your existing client base; and other Mercer lines of business

  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools

  • Serve as the subject matter expert on a variety of defined contribution topics, and ensure clients and prospects are aware of the various ways Mercer can support their initiatives including plan design consulting, investment advisory services, and delegated OCIO services

  • Conduct plan document/SPD, operational and compliance reviews as needed; demonstrate strategic plan design knowledge of DC retirement plans

  • Oversee RFP/RFI marketing process, strategy and transition; present RFP/RFI marketing results to client

  • Exhibit solid understanding of the defined contribution landscape, anticipate and uncover client needs and create a scope of services around those needs

  • Ensure timely delivery and accuracy of all client work

  • Ensure consistent compliance and professional standards into all work processes including transparency and peer review for team/projects

  • Cultivate new business through professional networks, events, conferences etc.

  • Participate in sales activity and assist other consultants and sales professionals in developing opportunities and corresponding strategy

What you need to have:

  • 4+ years or more experience including a demonstrated track record of providing investment advice and consulting/strategy for retirement plans

  • A strong understanding of the defined contribution landscape including fiduciary topics, investments, plan design trends, administrative practices, employee engagement and retirement readiness trends, and the broad range of services providers

  • The ability to contribute to the development of new ideas and ways to solve client problems and make the team more efficient at the local and zone level

  • A track record of building intellectual capital for business development and client delivery

  • Strong presentation skills

What will make you stand out:

  • Experience with 401(k) plans, 403(b) plans - Non-Profit Organizations and 457(b) - Government

  • Demonstrated experience in a client management role, business development, ability to handle client inquiries on a day-to-day basis, professional attitude, able to evaluate issues, objections, operational and plan design issues; excellent personal, telephone and communication skills, etc.

  • Experience conducting seminars for clients and presents at conferences, effectively communicating a point of view and thought leadership

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.

  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.The applicable base salary range for this role is $84,500 to $168,500.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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