401(k) Account Administrator in Wichita, Kansas
At INTRUST Bank, principles and performance go hand in hand. We hire for character and commitment because we believe a focus on values contributes to a healthy and positive culture where employees are celebrated for their individual potential, unique talents are further developed, and positive relationships are fostered. This philosophy has guided us for more than 145 years, and the tradition continues today.
As an INTRUST employee, you become part of a tradition shared with five generations of family leadership. A tradition focused on the success and well-being of our customers, employees, shareholders, and the communities we call home, and a commitment to being a company of character in all that we do.
Our employees are the heart of our company and a large part of why customers continue to trust INTRUST. We want to make sure you succeed, so your priorities are our priority. Here, you can grow and lead no matter your title.
A modern benefits approach: To support our employees and their families, INTRUST offers a comprehensive, market-competitive benefits package that prioritizes your total well-being.
Generous time off
Employees receive three weeks of paid vacation plus 11 paid holidays each year
Paid time off to volunteer in the community
Paid employee and family sick leave – two weeks upon hire with monthly accruals
401(k) plan with 6% employer match and 100% immediately vested
3% non-elective company contribution; non-elective contribution vested after 3 years of service
Career growth and development resources
Tuition reimbursement for full-time and part-time employees enrolled in any degree program
Interest-bearing employee checking and savings accounts
Discounted rates on auto loans, home equity loans, and unsecured loans
Medical, dental, and vision insurance
Health Savings Account (HSA) with employer contribution if enrolled in the high deductible health plan
Flexible Spending Account (FSA), participation in an INTRUST insurance plan is not required
Basic life and AD&D coverage provided at no cost to the employees working 29+ hours a week
Long-term disability coverage provided at no cost to employees working 37.5+ hours a week
Voluntary critical illness coverage available
Confidential access to professional counselors to assist with a wide variety of situations
Benefits eligibility is dependent upon hire date and employment status. Ask for our benefits guide for full details.
Job Summary: Verify employer contributions comply with plan eligibility, formula and source and process employer contributions. Review and process hardship requests, in-service withdrawal requests, separation from service distribution requests and RMDs. Implement functionalized trading and posting as assigned. Promotes an environment of teamwork within the department and across the bank. Represents INTRUST Bank in all they do in the community and is focused on the development of new business relationships. Must maintain strict standards of confidentiality and perform duties in a manner supporting INTRUST’s character qualities.
• All expectations described in the job description’s essential functions are necessary to be successful in this role, performed with or without a reasonable accommodation.
• Insure census information, participant data and vesting is accurate and complete. Elevate if there are issues.
• Verify employer contributions comply with plan eligibility, formula, and source. Elevate if there are issues.
• Process employer contributions.
• Verify contributions posted to correct source on trust.
• Process distribution and withdrawal requests.
• Monitor and balance trust cash positions daily.
• Resolve share out of balances on a daily basis.
• Prepare client reports and participant statements.
• Prepare initial 5500 reports.
• Prepare annual compliance testing.
• Assist Processing Administrators with elevated items.
Education and Experience: Prior experience in participant recordkeeping, fund accounting, or trade processing with a mutual fund company. Bachelor’s degree preferred.
Required Skills and Knowledge: Excellent organizational, problem solving and analytical skills, detail-oriented. Knowledge about ERISA and applicable sections of the Internal Revenue Code a plus. Must be able to manage competing deadlines.
Required Licenses and/or Certifications: None required, but having Qualified 401K Administrator (QKA) certification or an interest in obtaining QKA certification preferred.
Physical Demands: Extended period(s) of time may be spent viewing a personal computer, sitting, standing, and walking. Occasional lifting up to 25 lbs. The physical demands necessary for this role should be performed with or without a reasonable accommodation.
Working Conditions: Normal office conditions.
This job description summary is not intended to be an employment contract, nor is it intended to state or imply these are the only activities to be performed by the employee occupying this position. Employees will be required to follow any other duties as assigned or requested by their supervisor.
INTRUST Financial Corporation and its subsidiaries, including INTRUST Bank, are Equal Opportunity Employers whose policy is not to discriminate unlawfully against any qualified employee or applicant for employment on the basis of protected military or veteran status, disability, race, color, religion, sex, age, national origin, pregnancy, genetic information, sexual orientation, gender identity, or any other classification protected by applicable local, state or federal law; except where an individual’s protected category constitutes a bona fide occupational qualification.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)