UnitedHealth Group
Benefits Compliance Consultant - Hybrid in Minnetonka, MN
UnitedHealth Group, Minnetonka, Minnesota, United States, 55345
UnitedHealth Group is a health care and well-being company that’s dedicated to improving the health outcomes of millions around the world. We are comprised of two distinct and complementary businesses, UnitedHealthcare and Optum, working to build a better health system for all. Here, your contributions matter as they will help transform health care for years to come. Make an impact with a diverse team that shares your passion for helping others. Join us to start
Caring. Connecting. Growing together.
Summary:
Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and their affiliated entities (the “Plans”), which includes compliance testing, required plan notices, IRS/DOL reporting and research of benefits laws. Responsible for program compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state, federal and foreign regulatory authorities on the subject of program administration, reporting, disclosures and filing requirements. The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance.
If you are located in Minnetonka, MN, you will have the flexibility to work from home and the office in this hybrid role as you take on some tough challenges.
Primary Responsibilities:
Oversee the preparation and submission of IRS/DOL filings, including Form 5500 and Form 5330 filings
Assist with the preparation, review, and distribution of required plan notices, including safe harbor notices, fee disclosures, and summary annual reports
Assist with the preparation, review and distribution of Summary Plan Descriptions and Summary of Material Modifications
Oversee non-discrimination testing activities
Support communications processes and develop or review content to ensure alignment with retirement plans
Maintain awareness and understanding of new and existing laws, regulations and guidance applicable to the Plans, including ERISA
Ensure compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state and Federal regulatory authorities on the subject of plan administration, reporting, disclosure and filing requirements
Ensure plan documents and materials are timely and accurately amended
Assist with research, analysis and resolution of non-standard qualified and nonqualified plan issues. Escalate issues to legal and management team as needed to assure prompt and accurate resolution
Act as a liaison between the retirement team and internal legal team
Maintain a compliance calendar tracking completion of required activities for each of the qualified plans
You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
5+ years of employee benefits compliance and/or 401(k) plan experience in a fast-paced, results-oriented environment
Solid working knowledge of ERISA and 401(k) rules and other benefit and regulatory requirements
Experience in the following areas: research and analysis of qualified and nonqualified plan laws and regulations, drafting and reviewing Summary Plan Descriptions, Form 5500 filing and nondiscrimination testing support
Ability to handle confidential and sensitive information with appropriate discretion
Ability to prioritize multiple projects and deadlines
Preferred Qualifications:
Comfortable working in a fast-paced, matrixed environment
Self-directed analytical and problem solving skills
Excellent verbal and written skills
Solid time management, organization and project management skills
*All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy.
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Caring. Connecting. Growing together.
Summary:
Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and their affiliated entities (the “Plans”), which includes compliance testing, required plan notices, IRS/DOL reporting and research of benefits laws. Responsible for program compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state, federal and foreign regulatory authorities on the subject of program administration, reporting, disclosures and filing requirements. The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance.
If you are located in Minnetonka, MN, you will have the flexibility to work from home and the office in this hybrid role as you take on some tough challenges.
Primary Responsibilities:
Oversee the preparation and submission of IRS/DOL filings, including Form 5500 and Form 5330 filings
Assist with the preparation, review, and distribution of required plan notices, including safe harbor notices, fee disclosures, and summary annual reports
Assist with the preparation, review and distribution of Summary Plan Descriptions and Summary of Material Modifications
Oversee non-discrimination testing activities
Support communications processes and develop or review content to ensure alignment with retirement plans
Maintain awareness and understanding of new and existing laws, regulations and guidance applicable to the Plans, including ERISA
Ensure compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state and Federal regulatory authorities on the subject of plan administration, reporting, disclosure and filing requirements
Ensure plan documents and materials are timely and accurately amended
Assist with research, analysis and resolution of non-standard qualified and nonqualified plan issues. Escalate issues to legal and management team as needed to assure prompt and accurate resolution
Act as a liaison between the retirement team and internal legal team
Maintain a compliance calendar tracking completion of required activities for each of the qualified plans
You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
5+ years of employee benefits compliance and/or 401(k) plan experience in a fast-paced, results-oriented environment
Solid working knowledge of ERISA and 401(k) rules and other benefit and regulatory requirements
Experience in the following areas: research and analysis of qualified and nonqualified plan laws and regulations, drafting and reviewing Summary Plan Descriptions, Form 5500 filing and nondiscrimination testing support
Ability to handle confidential and sensitive information with appropriate discretion
Ability to prioritize multiple projects and deadlines
Preferred Qualifications:
Comfortable working in a fast-paced, matrixed environment
Self-directed analytical and problem solving skills
Excellent verbal and written skills
Solid time management, organization and project management skills
*All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy.
#J-18808-Ljbffr