Plan Administrator
Creates Plan documents and any necessary amendments or notices.
Education and Experience :
- Bachelor's degree and five (5) years' related experience or equivalent combination of education and experience
- Prior experience with client and vendor relationship management is preferred
- Qualified 401(k) Administrator (QKA) or Qualified Pension Administrator (QPA) certification preferred
Skills and Abilities :
Must understand key plan design, compliance and fiduciary role related topics with respect to 401(k) Plans.Knowledgeable about the retirement plan industry and insurance / mutual fund market.Demonstrated in depth knowledge of ERISA laws governing qualified retirement plans and the retirement plan industry.Must be able to expertly develop and deliver meaningful presentations to a wide variety of audiences.Ability to read and interpret documents such as procedure manuals and technical procedures.Excellent, professional written and verbal communication and interpersonal skills.Ability to write routine reports and correspondence.Ability to speak effectively with both internal and external contacts.Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.Strong proficiency in MS Office products and experience with spreadsheets, database management and presentTasks Performed :
70% Maps Plan document provisions for newly converted Plans and offers recommended changes. Prepares necessary Plan restatements and amendments.10% Acts as a lead for production of participant and plan notices including Safe Habour and Automatic Enrollment.10% Is an internal resource for document related questions with respect to Plan operation / administration.5% Provides recommendations of system enhancements that pertain to plan document and compliance testing preparation.5% Performs other duties as assigned.Physical Requirements :
Communicate effectively with internal and / or external customersStationary 75% of time or greaterMove Objects to Maximum 10 lbsWhy Work at NBT
At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community because your success drives our success.
Wellbeing
At NBT, we value and support your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally.
Community Involvement
NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace.
Culture
NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired, and valued.
Career Development
Whether you're just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential.
Total Rewards
NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance-based incentives ensuring you feel valued every step of the way.
Business Stability
NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We've weathered the market's ups and downs for over 165 years, all while charting a well-defined growth plan.
Benefits for Full-Time Employees :
Generous Paid Time Off : At least 22 days annually, prorated in the year of hire.Parental Leave : Six weeks of paid leave at 100% of your salary.Comprehensive Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.Dental and Vision Coverage : Ensuring your overall health and well-being.Flexible Spending Accounts : For healthcare and dependent care expenses.Employer-Paid Disability Coverage : Both short-term and long-term, with an option to purchase additional long-term coverage.Life Insurance : Employer-paid basic life insurance, with an option to purchase supplemental coverage.Voluntary Benefits : Including hospital, accident, and critical illness coverage.Retirement Plans : Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.Adoption Assistance : Supporting your growing family.Tuition Reimbursement : Invest in your education and career growth.Employee Assistance Program (EAP) : Access to support and resources.Financial and Banking Services : Various benefits and financial planning assistance.Benefits for Part-Time Employees Working 20+ Hours / Week :
Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.Generous Parental Leave : Six weeks of paid leave at 100% of your salary.Benefits for All Part-Time Employees :
Retirement Plans : Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future.Paid Sick and Safe Leave : For your health and safety.Employee Assistance Program (EAP) : Access to support and resources.Financial and Banking Services : Various benefits and financial planning assistance.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
