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Retirement Plan Processor Jobs in Minnesota (NOW HIRING)

The Processor 4 serves as a key contributor to operational stability, providing reliable ... Pregnancy disability and parental leave * 401(k) and employer-funded retirement plan * Paid ...

The Processor 4 serves as a key contributor to operational stability, providing reliable ... Pregnancy disability and parental leave * 401(k) and employer-funded retirement plan * Paid ...

An understanding of contribution and/or distribution processing desired but not mandatory ... 6%) * Voya Retirement Plan - employer paid cash balance retirement plan (4%) * Tuition ...

Operations Processor 5

Saint Paul, MN · On-site

$21.25 - $28.32/hr

Duties may include functions related to payment transactions or claim processing, data entry ... Pregnancy disability and parental leave * 401(k) and employer-funded retirement plan * Paid ...

Duties may include functions related to payment transactions or claim processing, data entry ... Pregnancy disability and parental leave * 401(k) and employer-funded retirement plan * Paid ...

Support the processing team in sample preparation and analysis of forage samples. * Support ... Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older ...

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Retirement Plan Processor information

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 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 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 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 popular job titles related to Retirement Plan Processor jobs in Minnesota? For Retirement Plan Processor jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Retirement Plan Processor jobs in Minnesota look for? The top searched job categories for Retirement Plan Processor jobs in Minnesota are:
What cities in Minnesota are hiring for Retirement Plan Processor jobs? Cities in Minnesota with the most Retirement Plan Processor job openings:
Infographic showing various Retirement Plan Processor job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution.

Operations Processor

US Bank

Marshall, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 170 rated banks


Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Operations Processor 4 within Cash Applications is responsible for accurately processing high-volume financial transactions across multiple payment types. This role focuses on consistent execution, attention to detail, and adherence to established procedures and controls, ensuring timely and accurate payment application. The Processor 4 serves as a key contributor to operational stability, providing reliable transaction processing and supporting daily workflow needs across the Cash Applications function. This position requires the ability to work independently within defined processes while maintaining productivity, accuracy, and service level expectations.

This role requires working at our Marshall, MN location three (3) or more days per week.

Key Responsibilities

  • Process daily cash application transactions.

  • Checks received via mail

  • Lockbox online payments

  • Electronic payments - monitoring email box and preparation of application instructions for ACH credits & Wires

  • Resolve exception batches

  • Escalate complex or unclear items appropriately

  • Completion of ACH Authorization set up in InfoLease system

  • Complete morning and end of day balancing activities

  • Conducts research on discrepancies and makes appropriate corrections or adjustments

  • Ensure accuracy, completeness, and timeliness of all work, meeting quality standards and service level expectations

  • Support testing or implementation of process or system changes as needed

  • Participate in process improvement efforts, reporting enhancements, or workflow updates

  • Identify recurring issues, inefficiencies, or process gaps and escalate findings

  • Support cross-training efforts to maintain operational coverage and flexibility

  • Demonstrates a team-oriented mindset and willingness to support others

Basic Qualifications
- High school diploma or equivalent
- Two to four years or more of operations services related work experience

Preferred Skills/Experience
- Knowledge of products, services, terminology, procedures and systems related to assigned area, as well as applicable laws and regulatory requirements
- Proven commitment to high quality customer service
- Ability to work well with external and internal customers
- Good time management skills to maximize production and execution of tasks in a fast-paced environment
- Good understanding and knowledge of internal policies and procedures within Operations Services and enterprise wide
- Physical requirements could include lifting trays of work, pushing carts of work, standing or sitting for extended periods of time, and repetitive motions
- Ability to identify, analyze and resolve exceptions through data interpretation
- Strong PC skills
-Good verbal and written communication skills

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $20.00 - $20.91

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.


What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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