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Manager Defined Contribution Jobs in Illinois (NOW HIRING)

Strongpoint Partners

DC Plan Administrator

Chicago, IL · On-site +1

$75K - $95K/yr

Independently manage and administer a caseload of retirement plans * Perform compliance testing ... Experience administering defined contribution retirement plans * Experience as a Combo Cash Balance ...

Oakbrook Park

Aquatic Facility Manager

Oak Brook, IL · On-site

$57K - $63K/yr

Become Our Aquatic Facility Manager! Are you ready to dive into your next big opportunity? Join our ... Defined Contribution Plans Medical and Childcare Flexible Spending Accounts Paid Time Off (sick ...

Oakbrook Park

Aquatic Facility Manager

Oak Brook, IL

Become Our Aquatic Facility Manager! Are you ready to dive into your next big opportunity? Join our ... Defined Contribution Plans Medical and Childcare Flexible Spending Accounts Paid Time Off (sick ...

Foley & Lardner LLP

Manager, Retirement Plan

Chicago, IL · Hybrid

$116K - $175K/yr

The Manager, Retirement Plan leads the strategy, administration, and governance of the firm ... Serve as the firm's subject matter expert on retirement plans including defined contribution plan ...

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All JobsDefined Contribution JobsManager Defined Contribution JobsManager Defined Contribution Jobs in Illinois

Manager Defined Contribution information

What is a manager defined contribution?

Manager Defined Contribution jobs involve overseeing and administering defined contribution retirement plans, such as 401(k)s or 403(b)s, within an organization. These managers ensure compliance with regulations, handle plan design and implementation, and work with employees, vendors, and financial advisors to optimize plan performance. They are responsible for reporting, plan communications, enrollment, and addressing participant questions while staying updated on relevant laws and best practices.

How does a manager defined contribution typically collaborate with other departments to ensure compliance and effective plan administration?

As a Manager Defined Contribution, you will frequently partner with departments such as legal, human resources, payroll, and finance to ensure that retirement plans are administered in strict accordance with regulatory requirements and company policies. This collaboration involves coordinating audits, sharing updates on legislative changes, and resolving participant issues. Strong communication and project management skills are essential, as you will often lead cross-functional meetings and workgroups to streamline processes and implement plan enhancements. This collaborative environment not only supports compliance but also fosters ongoing professional development and organizational alignment.

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

To thrive as a Manager Defined Contribution, you need in-depth knowledge of retirement plan administration, ERISA regulations, and experience managing 401(k) or similar defined contribution plans, often supported by a relevant degree and industry certifications such as QKA or CPC. Familiarity with recordkeeping platforms, compliance software, and financial reporting systems is typically required. Strong leadership, analytical thinking, and effective communication skills set candidates apart in this role. These skills are crucial for ensuring regulatory compliance, optimizing plan performance, and delivering excellent service to plan sponsors and participants.

What is the difference between Manager Defined Contribution vs Financial Advisor?

AspectManager Defined ContributionFinancial Advisor
CredentialsTypically requires certifications like CFP, CFA, or CPAOften holds CFP, CFA, or similar financial planning certifications
Work EnvironmentWorks within retirement plan management, often for corporations or financial firmsProvides personalized financial planning and investment advice to clients
Employer & IndustryFinancial services, retirement plan providers, asset management firmsIndependent or firm-based financial planning practices
Search & Comparison IntentUnderstanding roles in retirement plan management and investment strategiesSeeking personalized financial planning and investment advice

Manager Defined Contribution professionals focus on managing retirement plans and overseeing contributions for organizations, often working within financial firms. Financial Advisors provide tailored financial planning and investment advice to individual clients. While both roles require similar certifications and work in the financial industry, their primary functions differ: one manages retirement plans, the other offers personalized financial guidance.

What are the most commonly searched types of Defined Contribution jobs in Illinois?

The most popular types of Defined Contribution jobs in Illinois are:

What are popular job titles related to Manager Defined Contribution jobs in Illinois?

For Manager Defined Contribution jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Manager Defined Contribution jobs in Illinois look for?

The top searched job categories for Manager Defined Contribution jobs in Illinois are:

What cities in Illinois are hiring for Manager Defined Contribution jobs?

Cities in Illinois with the most Manager Defined Contribution job openings:

Manager Defined Contribution jobs near you

Director of Defined Contribution

State Universities Retirement System of Illinois

Champaign, IL • On-site

$109K - $137K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 12 days ago

Job description

Director of Defined Contribution

Lead strategy. Strengthen retirement programs. Deliver exceptional member outcomes.


Location: Champaign, IL

Job Type: Full-time

Classification: Program Coordinator

Reports to: Chief Benefits Officer


If you are passionate about retirement plan leadership, strategic partnerships, and delivering high-quality retirement services, this role offers the opportunity to share and guide SURS’ defined contribution plans.



What You’ll Do


As the Director of Defined Contribution, you will lead the strategy, oversight, and administration of the SURS Retirement Savings Plan (RSP) and Deferred Compensation Plan (DCP). You will serve as the primary internal leader responsible for coordinating investment, legal, accounting, counseling, communications, and vendor partners to ensure these plans operate efficiently, compliantly, and in alignment with SURS’ mission.


This role combines strategic leadership, operational oversight, and vendor management while supporting a collaborative, mission-driven organization serving members throughout Illinois public higher education.


Defined Contribution Plan Leadership

  • Provide strategic leadership and operational oversight for the SURS Retirement Savings Plan (401a) and Deferred Compensation Plan (457b)
  • Ensure the effective and efficient administration of both defined contribution plans
  • Monitor compliance with SURS policies, applicable statutes, and plan documents
  • Identify opportunities to improve plan operations, services, and member experiences
Vendor & Recordkeeper Oversight
  • Serve as the primary liaison between SURS and the defined contribution recordkeeper, investment consultants, and other service providers
  • Monitor service level agreements and vendor performance to ensure quality service delivery
  • Collaborate with internal teams and vendors to resolve complex operational issues
  • Participate in vendor due diligence and evaluate opportunities to enhance plan services and capabilities

Team Leadership & Operational Management

  • Lead and support a team responsible for processing member terminations, forfeitures, refunds, and retirement distributions
  • Provide coaching, guidance, and performance management to team members
  • Assign and prioritize work to ensure service standards are met
  • Develop reporting and tracking mechanisms that support division goals and operational excellence
Investment Plan Strategy Collaboration
  • Partner with the SURS investment team to analyze and recommend improvements to the defined contribution investment lineup
  • Participate in discussions regarding innovative retirement plan strategies and industry best practices
  • Stay informed on developments within the pension and defined contribution industry
Cross Department Collaboration
  • Work closely with SURS teams including legal, accounting, counseling, communications, customer service and employer services to support program administration
  • Create educational materials and member communications related to the RSP and DCP
  • Serve as a technical resource for defined contribution operations and plan administration
Organizational Initiatives & System Implementation
  • Participate in initiatives supporting the implementation and ongoing enhancement of the SURS Pension Administration System
  • Support testing, system improvements, and process alignment for defined contribution operations
  • Assist with reporting and analysis related to Board reports, audits, and organizational initiatives
External Representation & Industry Engagement
  • Represent SURS’ defined contribution programs with external partners and professional organizations
  • Participate in conferences, industry discussions, and collaborative forums when appropriate
  • Maintain awareness of emerging trends, regulatory changes, and innovations in defined contribution plan management


Required Qualifications
  1. Bachelor’s degree.
  2. A total of one (1) year (12 months) in education, training and/or work experience in the area of specialization inherent to the position. (Note: Master’s Degree in an area consistent with the duties of the position may be substituted for one (1) year of work experience.)
  3. At least four (4) years of professional experience in retirement plan administration, financial services, pension administration, or a related field. (Note: A Master’s Degree in an area consistent with the duties of the position may be substituted for one (1) year of work experience.)


Preferred Qualifications
  • Experience administering or overseeing defined contribution retirement plans such as 401(a), 403(b), or 457(b)
  • Experience working with retirement plan recordkeepers or third-party administrators
  • Experience managing vendor relationships and service level agreements
  • Familiarity with government retirement plans or public pension systems
  • Experience working with investment consultants or evaluating retirement plan investment lineups
  • Increasing leadership experience within benefits, financial services, or retirement plan administration
  • Experience preparing operational reports, board materials, or audit documentation


Knowledge, Skills & Abilities
  • Strong problem-solving and decision-making skills
  • Excellent written and verbal communication abilities
  • Demonstrated ability to effectively train, coach, mentor, and provide constructive feedback
  • Demonstrated ability to manage priorities and meet deadlines
  • Strong analytical skills with the ability to evaluate operational data and reports
  • Ability to build collaborative relationships across departments and with external partners
  • Professional presence and ability to positively represent the organization with stakeholders
  • Strong facilitation and presentation skills
  • Analytical mindset to assess learning gaps and operational trends
  • High level of professionalism and adaptability in a changing environment
  • Excellent time management and organizational skills


Work Environment & Compensation
  • Full-time position based in Champaign, IL
  • Fully in-office during initial training; potential hybrid schedule available afterward
  • The starting salary range for this position is $109,810 - $137,260. This is a competitive salary, taking into consideration experience and internal equity. Highly qualified candidates may be offered a salary higher than the above range.
  • Standard 37.5-hour work week

Benefits That Matter
      • State of Illinois insurance benefits including medical, dental, and vision
      • Participation in the SURS retirement plan
      • Paid vacation, sick leave, and 10 paid holidays
      • 2 floating holidays after 6 months
      • Paid parental leave after 6 months
      • Flexible, professional work environment
      • Free parking
      • Find more details regarding the benefits SURS offers at: SURS Employee Benefits - SURS



About SURS

The State Universities Retirement System (SURS) administers retirement, disability, survivor, and death benefits for over 255,000 members across Illinois public higher education institutions. Founded in 1941, SURS manages more than $30 billion in assets, including over $5 billion in defined contributions assets, and is committed to delivering accurate, timely, and compassionate service to members throughout their careers and lives.

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