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Retirement Plan Processor Jobs in Iowa (NOW HIRING)

Nestlé S.A.

US Retirement Consultant

Solon, IA · On-site

$100 - $140/hr

Advise on and support system and process changes impacting pension administration, including ... You will work closely with the Manager to manage vendors and ensure execution with plan provisions.

Aegon

Retirement Project Specialist

Cedar Rapids, IA

Job Family Transactions / Client Processing About Us At Transamerica, hard work, innovative ... Review plan document to determine Outsource Services. * Work with the client to develop test files ...

New

Socket.dev

Process Engineer, Manufacturing

Decorah, IA · On-site

$75 - $110/hr

Process Engineer, Manufacturing This role focuses on process stability, continuous improvement, and ... Retirement Plan (401k, IRA) * Life Insurance (Basic, Voluntary & AD&D) * Paid Time Off (Vacation ...

Ethos

Process Engineer, Manufacturing

Decorah, IA · On-site

$68K - $90K/yr

Process Engineer, Manufacturing This role focuses on process stability, continuous improvement, and ... Retirement Plan (401k, IRA) * Life Insurance (Basic, Voluntary & AD&D) * Paid Time Off (Vacation ...

Ethos

Process Engineer, Manufacturing

Decorah, IA · On-site

$68K - $90K/yr

Process Engineer, Manufacturing This role focuses on process stability, continuous improvement, and ... Retirement Plan (401k, IRA) * Life Insurance (Basic, Voluntary & AD&D) * Paid Time Off (Vacation ...

Ethos

Process Engineer, Manufacturing

Decorah, IA

$68K - $90K/yr

Process Engineer, Manufacturing This role focuses on process stability, continuous improvement, and ... Retirement Plan (401k, IRA) * Life Insurance (Basic, Voluntary & AD&D) * Paid Time Off (Vacation ...

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Retirement Plan Processor information

What does a retirement plan processor do?

A Retirement Plan Processor is responsible for handling the administrative tasks related to retirement savings plans, such as 401(k)s and pension plans. They process participant transactions like enrollments, contributions, distributions, and rollovers, ensuring compliance with federal regulations and plan rules. The role also involves maintaining accurate records, communicating with plan participants, and assisting with audits or reporting requirements. Attention to detail and knowledge of retirement plan laws are important in this position.

What are the key skills and qualifications needed to thrive as a retirement plan processor, and why are they important?

To thrive as a Retirement Plan Processor, you need a solid understanding of retirement plan regulations, attention to detail, and experience in financial or benefits administration, often supported by a relevant degree. Familiarity with recordkeeping platforms, compliance software, and proficiency in Microsoft Excel are typically required, and ASPPA or related certifications are advantageous. Strong organizational skills, effective communication, and problem-solving abilities help you excel in managing complex transactions and client inquiries. These skills and qualifications ensure accurate processing, regulatory compliance, and high-quality client service in a detail-oriented environment.

What are some common challenges faced by retirement plan processors, and how can they be effectively managed?

Retirement Plan Processors often encounter challenges such as interpreting complex plan documents, ensuring compliance with evolving regulations, and managing tight deadlines for contributions and distributions. Staying detail-oriented and organized is crucial, as is keeping up-to-date with regulatory changes through ongoing training. Collaborating closely with compliance teams and utilizing robust workflow management tools can help address these challenges and ensure accuracy in daily processing tasks.

What is the difference between Retirement Plan Processor vs Retirement Plan Administrator?

AspectRetirement Plan ProcessorRetirement Plan Administrator
CertificationsTypically requires industry-specific certifications or trainingOften holds certifications like CFP or CPFA
Work EnvironmentMostly in office, handling transactions and data entryInvolves oversight, client interaction, and compliance
Employer & Industry UsageCommon in financial services, retirement plan providersUsed in larger firms managing multiple plans
Primary ResponsibilitiesProcessing contributions, distributions, and account updatesPlan oversight, compliance, and client communication

The main difference is that Retirement Plan Processors focus on executing transactions and data entry, while Retirement Plan Administrators oversee plan compliance and client relations. Both roles are essential in the retirement industry but differ in scope and responsibilities.

What are popular job titles related to Retirement Plan Processor jobs in Iowa?

For Retirement Plan Processor jobs in Iowa, the most frequently searched job titles are:

What job categories do people searching Retirement Plan Processor jobs in Iowa look for?

The top searched job categories for Retirement Plan Processor jobs in Iowa are:

Retirement Plan Processor jobs near you

Retirement Plan Administrator/Sr Retirement Plan Administrator

Berkshire Hathaway Energy

Des Moines, IA • On-site

Full-time

Retirement

Re-posted 7 days ago

Berkshire Hathaway Energy rating

6.5

Company rating: 6.5 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

Job description

This role provides administrative support for the organization's pension and retirement programs. Responsible for maintaining accurate records, processing pension-related transactions, and assisting employees and retirees with basic inquiries to ensure efficient and compliant plan administration. This role also provides additional administrative support to the corporate HR function, including assisting with reporting and other related tasks as needed.

MidAmerican Energy Company, a Midwest utility, provides regulated electric and natural gas service to more than 1.6 million customers in Illinois, Iowa, Nebraska and South Dakota. The company owns and operates a portfolio of power-generating assets, approximately 61% of which is wind generation.MidAmerican Energy Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law. Employees must be able to perform the essential functions of the position, with or without an accommodation.

This is a multi-level posting. Candidates may be considered for any of the posted levels, depending on their level of experience and depth of expertise.

Associates degree in accounting, business administration, finance, human resource management or related field; or equivalent related work experience. (Typically three years of related, progressive work experience would be needed for candidates applying for this position who do not possess an associates degree.) 

Two or more years of work experience in employee benefits with direct experience working on defined benefit and/or defined contribution plans for a Retirement Plan Administrator. 

Five or more years of work experience in employee benefits with direct experience working on defined benefit and/or defined contribution plans for a Sr Retirement Plan Administrator. 

Experience working in customer facing roles.  

Strong oral and written communication skills. 

Demonstrated proficiency in Excel and Word, with the ability to extract, analyze, and cleanse large data sets from human resources information systems and reporting tools.

Effective interpersonal skills, a customer-service focus and the ability to work as a member in a team-oriented environment. 

Effective analytical and problem-solving skills. 

Ability to prioritize and handle multiple tasks and projects concurrently. 

Maintains accurate and up to date pension records in support of core administrative processes. This includes entering and verifying data in pension and HR systems, managing employee information, processing benefit payments, beneficiary updates and other updates as required. (45%)


Serves as the primary contact for retirement plan participant inquiries, delivering support with a customer first approach, and functions as a liaison between the plan sponsor, recordkeeper, and participants to provide timely and accurate responses to inquiries and issues. (25%)


Supports recurring and ad hoc reporting for the corporate HR function, including safety, compensation, benefits, and other areas. Partners with the HR Technology team to develop, test, and implement report updates and system changes. (15%)


Maintains and supports pension plan system updates in collaboration with HR Technology, IT teams, and external vendors. (10%)


Performs additional responsibilities as requested or assigned. (5%)

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