What are the responsibilities and job description for the Retirement Plan Services Senior Associate position at Hightower Advisors?
Our Story
Founded in 2008, Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their financial vision. Based in Chicago with advisors across the U.S., we operate as a registered investment advisor (RIA).
Your Future Team
Our Retirement Solutions team empowers businesses to deliver stronger outcomes for their employees by providing specialized guidance across every critical area of qualified plan management. With more than 30 years of experience, we understand what small‑ and mid‑sized business owners, executives, and employees expect from their retirement programs and we meet those needs with a personalized, advisor‑led approach.
Being an extension of our client’s team, we improve and integrate all aspects of their retirement plan through a comprehensive, five-part service model. This unified structure reduces complexity, eliminates the need for multiple vendors, and helps enhance the overall experience for plan participants.
What You’ll Do
You are a U.S. citizen, U.S. permanent resident or possess other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.
Founded in 2008, Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their financial vision. Based in Chicago with advisors across the U.S., we operate as a registered investment advisor (RIA).
Your Future Team
Our Retirement Solutions team empowers businesses to deliver stronger outcomes for their employees by providing specialized guidance across every critical area of qualified plan management. With more than 30 years of experience, we understand what small‑ and mid‑sized business owners, executives, and employees expect from their retirement programs and we meet those needs with a personalized, advisor‑led approach.
Being an extension of our client’s team, we improve and integrate all aspects of their retirement plan through a comprehensive, five-part service model. This unified structure reduces complexity, eliminates the need for multiple vendors, and helps enhance the overall experience for plan participants.
What You’ll Do
- Troubleshoot and address daily transactional or reconciliation issues of the RPS recordkeeping system and the trust accounting system/custodial platform
- Upload sponsor payroll files to recordkeeping system and provide support to Plan Sponsors with the DVC process
- Train Account Executive in DVC process to provide back-up
- Provide back-up and assistance for the RPS participant distributions and understanding the 1099-R requirements and ERISA rules
- Provide support for processing RPS year-end valuations/plan audits
- Develop and perform ongoing quality control checks of transactions and accounts for RPS
- Manage the Access database, maintaining the reports for the annual valuation process and retirement plan deadlines
- Oversee processing of the quarterly RPS fees
- Review of all RPS procedures and checklists, remove outdated procedures and update for new Recordkeeping and custodial environment
- Understand the setup and maintenance of the client web product for the RPS recordkeeping system and help troubleshoot client access issues
- Provide backup support for 1099R processes
- Prepare daily cash and checking reconciliation between the bank and Trust Accounting System. Facilitate cash transfers between sponsors and HTCI and between custodians
- Provide reports/holdings for RPS Account Reviews and multiple tasks
- Bachelor's degree or equivalent professional experience
- Experience working with trust accounting, custodial operations, or retirement plan operations
- Experience with Microsoft Office applications
- Experience using Relius or similar retirement plan administration/recordkeeping systems
- Accuracy when completing transactional and reconciliation work
- Document procedures and update operational checklists
- Analyze data, identify discrepancies, and resolve issues
- Coverage on the first day of employment for medical, dental, and vision insurance
- Paid parental leave (16 weeks for primary caregiver and 8 weeks for secondary caregiver)
- Mother’s lounge onsite
- Flexible PTO plan
- In-office Monday through Thursday and work from home on Fridays
- 401k matching plan
- HSA employer contributions
- Student loan assistance
- Pet insurance
- Base salary of $70,000-$80,000 plus discretionary bonus (exact base salary amount will be dependent on experience)
You are a U.S. citizen, U.S. permanent resident or possess other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.
Salary : $70,000 - $80,000