UnitedHealth Group - Minnetonka, MN
posted 23 days ago
Full-time - Mid Level
Remote - Minnetonka, MN
10,001+ employees
Insurance Carriers and Related Activities
About the position
The Retirement Benefits Compliance Consultant is responsible for ensuring regulatory compliance for both qualified and nonqualified plans at UnitedHealth Group. This role involves overseeing compliance testing, preparing required plan notices, and managing IRS/DOL reporting. The consultant will research benefits laws and regulations to maintain compliance and support the retirement team in various administrative tasks. This hybrid position allows for flexibility in working from home and the office.
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
- 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
Requirements
- 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 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
Nice-to-haves
- 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
Benefits
- Flexible work environment (hybrid)
- Opportunities for professional development
- Recognition for performance
- Supportive team atmosphere
