Full-Time
Retirement Plan Service Representative
Confirmed live in the last 24 hours
HUB
5,001-10,000 employees
Data & Analytics
Consumer Software
Fintech
Mid
Portland, ME, USA
Category
Insurance
Finance & Banking
Requirements
- 3 to 5 years of direct experience with 401(k)s, 403(b)s and SIMPLE IRAs required.
- Retirement plan design experience.
- FINRA Series 6 or 7 and 66 registrations.
- Strong understanding of financial products and 401(k) plans.
- Strong understanding of compliance and regulatory issues.
- Familiarity with TPAs and recordkeepers preferred.
- Proficiency with Microsoft products.
- Ability to thrive in a fast-paced and changing environment.
Responsibilities
- Assist with meeting preparation for both new and existing plans.
- Prepare plan review reports and due diligence reports for advisor.
- Attend select meetings with the advisor to draft the Fiduciary Plan Review Executive Summary.
- Work with plan sponsor/TPA/recordkeeper to ensure continual compliance within 401(k) plans.
- Communicate deadlines for plan compliance requirements to advisor or other staff.
- Troubleshoot issues on plans, as necessary.
- Provide scheduling support to education specialist, as needed.
- Track pending paperwork or NIGO’d paperwork; update pending business summary sheet for advisor’s attention when documents are outstanding; track and tally all outstanding work weekly.
- Handle phone calls from plan sponsors and participants when appropriate; transfer calls to advisor or other specialist when required.
- Update CRM systems to include client contact information, plan provisions, and vendor information.
- Input/update data to investment analytics system (e.g., RPM, RPAG).
- Maintain electronic and paper files, including archiving files as needed.
- Make recommendations to systematize and improve office functioning.
- Manage vendor relationships on behalf of advisor.
- Stay current on industry and regulatory developments, service and product enhancements and vendor changes; communicate regulatory or industry developments to advisor and education specialist as needed.
- Use COMMunity Link and Commonwealth back office to access resources as appropriate.
Company Stage
N/A
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
N/A
Simplify's Take
What believers are saying
- HUB's strategic leadership appointments, like Tim DeSett and Lauren Melzer, indicate a strong focus on growth and innovation.
- The company's continuous expansion through acquisitions suggests robust financial health and a commitment to broadening its service offerings.
- HUB's emphasis on personalized solutions, such as the clinical informatics resources for employee benefits, enhances its appeal to a diverse client base.
What critics are saying
- Frequent acquisitions may lead to integration challenges and potential cultural clashes within the organization.
- The competitive insurance brokerage landscape requires HUB to continuously innovate to maintain its market position.
What makes HUB unique
- HUB International's aggressive acquisition strategy, including recent purchases of Wade Associates and WestStar Insurance, positions it as a dominant player in the insurance brokerage market.
- The introduction of HUB Infused Analytics™ Data Suite for personalized employee benefits showcases HUB's commitment to leveraging data analytics for client advantage.
- HUB's expansion into niche markets, such as aviation risk advisory services for affluent clients, differentiates it from traditional insurance brokers.
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