What are the responsibilities and job description for the Retirement Plan Participant Advisor position at First Mid-Illinois Bancshares?
Responsibilities include, but are not limited to :
- Play a critical role in the day-to-day operations of current and prospective retirement plans by serving as the main point of contact for participants for an assigned group of retirement plans.
- Partner with plan sponsors to identify plan enrollment and employee education needs and develop appropriate strategies.
- Engage in dialogue guiding participants in making informed investment decisions and educate them on the advantages of participation in the company sponsored retirement plan; may involve problem solving and follow up.
- Cultivate relationships with participants by delivering personalized service and responding to plan-related questions.
- Develop and disseminate general and tailored educational materials for plan participants.
- Prepare and conduct engaging individual and group enrollment / education presentations.
- Work with department team members to identify and suggest areas of improvement to policies and processes as well as service levels.
- Stay updated on retirement plan industry trends, ERISA knowledge, investment products, TPA vendors, and recordkeeper partners.
- Assist Business Development Officer in gathering recordkeeper and / or TPA vendor proposals during retirement plan conversions for new and existing retirement plan clients.
- Draft recommendations for retirement plan fund offerings and changes, as needed.
- Represent the organization and provide leadership in key community activities and committees. Become affiliated with professional associations; attend conventions, conferences, and seminars.
- Travel as needed.
- Complete required training associated with job function.
- Perform other related duties as assigned.
Qualifications Education / Experience :
Skills :
