Benefits Compliance Consultant - Hybrid in Minnetonka, MN

Location: Minnetonka, MN (55345)
Company: UnitedHealth Group
Industry: IT
Job Type: Full Time
Posted: 26 days ago
Reposted: 5 days ago

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

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.

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Web Reference : AJF/755348070-202
Posted Date : Tue, 15 Oct 2024

Please note, to apply for this position you will complete an application form on another website provided by or on behalf of UnitedHealth Group. Any external website and application process is not under the control or responsibility of IT JobServe

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